$0.21 Earnings Per Share Expected for Warner Music Group Corp. (NASDAQ:WMG) This Quarter

Equities research analysts expect Warner Music Group Corp. (NASDAQ:WMGGet Rating) to report earnings per share (EPS) of $0.21 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Warner Music Group’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.17. Warner Music Group reported earnings of $0.16 per share during the same quarter last year, which would indicate a positive year over year growth rate of 31.3%. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Warner Music Group will report full-year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $0.96. For the next year, analysts anticipate that the firm will post earnings of $1.17 per share, with EPS estimates ranging from $1.04 to $1.26. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Warner Music Group.

Warner Music Group (NASDAQ:WMGGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). Warner Music Group had a return on equity of 362.14% and a net margin of 6.45%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted $0.22 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis.

WMG has been the topic of a number of research analyst reports. Guggenheim cut their target price on Warner Music Group from $50.00 to $39.00 in a research note on Thursday, April 21st. Zacks Investment Research cut shares of Warner Music Group from a “hold” rating to a “sell” rating in a report on Thursday, May 12th. Credit Suisse Group decreased their price target on shares of Warner Music Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, February 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Warner Music Group in a report on Friday, March 11th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Truist Financial cut their target price on shares of Warner Music Group from $45.00 to $40.00 in a research report on Monday, May 9th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.62.

WMG stock traded down $1.60 during mid-day trading on Tuesday, reaching $27.59. 72,186 shares of the company traded hands, compared to its average volume of 1,708,183. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 1.15 and a beta of 1.32. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 22.13. Warner Music Group has a fifty-two week low of $24.39 and a fifty-two week high of $50.23. The firm’s 50 day moving average price is $33.36 and its 200 day moving average price is $37.88.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, May 20th. Warner Music Group’s dividend payout ratio is 84.51%.

In other news, Director Lincoln E. Benet sold 10,000 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $33.20, for a total transaction of $332,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lincoln E. Benet sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $35.64, for a total transaction of $712,800.00. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock valued at $2,165,000 in the last ninety days. Insiders own 76.57% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Sands Capital Management LLC boosted its stake in shares of Warner Music Group by 2.3% during the 1st quarter. Sands Capital Management LLC now owns 11,822,919 shares of the company’s stock worth $447,497,000 after acquiring an additional 269,476 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Warner Music Group by 18.4% during the 1st quarter. Vanguard Group Inc. now owns 10,103,689 shares of the company’s stock worth $382,425,000 after acquiring an additional 1,567,866 shares during the last quarter. Caledonia Private Investments Pty Ltd boosted its stake in shares of Warner Music Group by 51.3% during the 1st quarter. Caledonia Private Investments Pty Ltd now owns 7,203,993 shares of the company’s stock worth $272,671,000 after acquiring an additional 2,441,968 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Warner Music Group by 0.6% during the 1st quarter. BlackRock Inc. now owns 4,357,240 shares of the company’s stock worth $164,922,000 after acquiring an additional 24,192 shares during the last quarter. Finally, Darlington Partners Capital Management LP purchased a new position in shares of Warner Music Group during the 4th quarter worth $174,040,000. Institutional investors and hedge funds own 22.29% of the company’s stock.

About Warner Music Group (Get Rating)

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville.

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Earnings History and Estimates for Warner Music Group (NASDAQ:WMG)

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