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NASDAQ:WMG

Warner Music Group (WMG) Stock Price, News & Analysis

$32.96
-0.36 (-1.08%)
(As of 01:03 PM ET)
Today's Range
$32.92
$33.45
50-Day Range
$32.11
$37.23
52-Week Range
$23.62
$38.05
Volume
168,965 shs
Average Volume
1.32 million shs
Market Capitalization
$17.07 billion
P/E Ratio
37.45
Dividend Yield
2.06%
Price Target
$36.27

Warner Music Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.1% Upside
$36.27 Price Target
Short Interest
Healthy
0.71% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of Warner Music Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.03%
From $1.09 to $1.45 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.52 out of 5 stars

Consumer Discretionary Sector

182nd out of 274 stocks

Amusement & Recreation Services Industry

10th out of 14 stocks

WMG stock logo

About Warner Music Group Stock (NASDAQ:WMG)

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It 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. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 150,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.

WMG Stock Price History

WMG Stock News Headlines

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Nora Fatehi Signs Deal With Warner Music
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/1 Dividend
2/21/2024
Dividend Payable
3/01/2024
Today
3/28/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:WMG
Employees
5,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.27
High Stock Price Target
$52.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$430 million
Pretax Margin
11.15%

Debt

Sales & Book Value

Annual Sales
$6.04 billion
Cash Flow
$1.74 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
138,015,000
Market Cap
$17.26 billion
Optionable
Optionable
Beta
1.47
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Key Executives

  • Mr. Robert Kyncl (Age 53)
    President, CEO & Director
    Comp: $5.08M
  • Mr. Max  LousadaMr. Max Lousada (Age 51)
    Chief Executive Officer of Warner Recorded Music
    Comp: $12.69M
  • Mr. Guy Moot (Age 58)
    Co-Chair & CEO of Warner Chappell Music
    Comp: $4.12M
  • Ms. Carianne Marshall (Age 46)
    Co-Chair & COO of Warner Chappell Music
    Comp: $3.61M
  • Mr. Bryan Castellani
    Executive VP & CFO
  • Mr. Timothy Matusch
    Executive Vice President of Strategy & Operations
  • Mr. Ariel Bardin
    President of Technology
  • Mr. Kareem Chin
    Senior VP & Head of Investor Relations
  • Mr. Paul Martin Robinson Esq. (Age 66)
    J.D., Executive VP & General Counsel
    Comp: $5.25M
  • Trent N. Tappe Esq.
    Senior VP, Deputy General Counsel, Chief Compliance Officer & Secretary

Should I Buy Warner Music Group Stock? WMG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Warner Music Group was last updated on Tuesday, March 26, 2024 at 10:59 PM.

Pros

Here are some ways that investors could benefit from investing in Warner Music Group Corp.:

  • Warner Music Group has a strong market capitalization of $18.37 billion, indicating a stable financial position.
  • The company has a healthy return on equity of 128.86%, showcasing efficient utilization of shareholder funds.
  • Warner Music Group's dividend yield of 1.92% provides investors with a steady income stream.
  • Analysts have given the stock an average rating of "Moderate Buy" with a consensus target price of $36.25, suggesting potential for growth.
  • The company's recent price performance has shown resilience, with a 52-week high of $38.05, indicating positive investor sentiment.

Cons

Investors should be bearish about investing in Warner Music Group Corp. for these reasons:

  • Warner Music Group's payout ratio is relatively high at 77.27%, which may limit future growth opportunities or reinvestment in the business.
  • The company's debt-to-equity ratio of 6.50 is on the higher side, indicating a higher level of financial leverage that could pose risks in economic downturns.
  • While the stock has a beta of 1.51, suggesting higher volatility compared to the market average, which may not be suitable for conservative investors.
  • Some analysts have rated the stock as "hold," indicating uncertainty about the company's future performance.
  • Investors should consider the company's 50-day and 200-day moving averages, currently at $35.61 and $33.69 respectively, for short-term and long-term trends.

WMG Stock Analysis - Frequently Asked Questions

Should I buy or sell Warner Music Group stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last twelve months. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WMG shares.
View WMG analyst ratings
or view top-rated stocks.

What is Warner Music Group's stock price target for 2024?

15 brokers have issued 1 year target prices for Warner Music Group's shares. Their WMG share price targets range from $21.00 to $52.00. On average, they predict the company's stock price to reach $36.27 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for WMG
or view top-rated stocks among Wall Street analysts.

How have WMG shares performed in 2024?

Warner Music Group's stock was trading at $35.79 at the start of the year. Since then, WMG stock has decreased by 8.0% and is now trading at $32.94.
View the best growth stocks for 2024 here
.

Are investors shorting Warner Music Group?

Warner Music Group saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,660,000 shares, an increase of 41.3% from the February 29th total of 2,590,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 2.8 days.
View Warner Music Group's Short Interest
.

When is Warner Music Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our WMG earnings forecast
.

How were Warner Music Group's earnings last quarter?

Warner Music Group Corp. (NASDAQ:WMG) issued its earnings results on Wednesday, February, 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by $0.13. The firm earned $1.75 billion during the quarter, compared to analyst estimates of $1.68 billion. Warner Music Group had a trailing twelve-month return on equity of 128.86% and a net margin of 7.42%.

How often does Warner Music Group pay dividends? What is the dividend yield for Warner Music Group?

Warner Music Group announced a quarterly dividend on Monday, February 12th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.17 per share on Friday, March 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 21st.
Read our dividend analysis for WMG
.

Is Warner Music Group a good dividend stock?

Warner Music Group (NASDAQ:WMG) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.08%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 77.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WMG will have a dividend payout ratio of 46.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WMG.

When did Warner Music Group IPO?

Warner Music Group (WMG) raised $1.7 billion in an IPO on Wednesday, June 3rd 2020. The company issued 70,000,000 shares at a price of $23.00-$26.00 per share. Morgan Stanley, Credit Suisse, Goldman Sachs, BofA Securities, Citigroup and J.P. Morgan served as the underwriters for the IPO and Barclays, Evercore ISI, Guggenheim Securities, Macquarie Capital, Nomura, RBC Capital Markets, SunTrust Robinson Humphrey, CIBC Capital Markets, HSBC, SOCIETE GENERALE, LionTree, The Raine Group, AmeriVet Securities, Bancroft Capital, Blaylock Van, C.L. King & Associates, Loop Capital Markets, Roberts & Ryan, Ramirez & Co.,, Siebert Williams Shank, Telsey Advisory Group and Tigress Financial Partners were co-managers.

Who are Warner Music Group's major shareholders?

Warner Music Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.26%), Vanguard Group Inc. (2.25%), Capital World Investors (1.81%), Darlington Partners Capital Management LP (1.06%), FIL Ltd (1.01%) and Cooke & Bieler LP (0.90%). Insiders that own company stock include Ai Entertainment Holdings Llc, Lincoln E Benet and Max Lousada.
View institutional ownership trends
.

How do I buy shares of Warner Music Group?

Shares of WMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:WMG) was last updated on 3/28/2024 by MarketBeat.com Staff

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