Warner Music Group (WMG) Scheduled to Post Quarterly Earnings on Thursday

Warner Music Group (NASDAQ:WMG) will be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Warner Music Group (NASDAQ:WMG) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Warner Music Group had a net margin of 7.42% and a return on equity of 128.86%. On average, analysts expect Warner Music Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Warner Music Group Stock Performance

Shares of WMG opened at $35.45 on Tuesday. The firm has a market capitalization of $18.36 billion, a PE ratio of 40.28, a P/E/G ratio of 2.15 and a beta of 1.43. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 6.50. The firm has a 50-day moving average price of $33.59 and a 200 day moving average price of $34.08. Warner Music Group has a 52-week low of $23.62 and a 52-week high of $38.05.

Warner Music Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 22nd were given a $0.17 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.92%. Warner Music Group’s dividend payout ratio (DPR) is 77.27%.

Analysts Set New Price Targets

Several research analysts have issued reports on WMG shares. Loop Capital lifted their price target on shares of Warner Music Group from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Morgan Stanley started coverage on Warner Music Group in a research report on Monday. They set an “overweight” rating and a $43.00 target price on the stock. Redburn Atlantic upgraded Warner Music Group from a “sell” rating to a “neutral” rating and increased their price target for the company from $17.00 to $21.00 in a research report on Monday, February 5th. Finally, Guggenheim cut their price objective on Warner Music Group from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.18.

About Warner Music Group

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.