Warner Music Group Corp. (WMG)

Market Cap	15.85B
Revenue (ttm)	6.39B
Net Income (ttm)	529.00M
Shares Out	517.91M
EPS (ttm)	1.00
PE Ratio	30.61
Forward PE	22.57
Dividend	$0.68 (2.22%)
Ex-Dividend Date	May 22, 2024

Volume	955,449
Open	30.31
Previous Close	30.25
Day's Range	30.20 - 30.79
52-Week Range	25.28 - 38.05
Beta	1.38
Analysts	Buy
Price Target	37.75 (+23.33%)
Earnings Date	Aug 6, 2024

About 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 ...

• Industry: Entertainment
• Sector: Communication Services
• IPO Date: Jun 3, 2020
• Employees: 5,900
• Stock Exchange: NASDAQ
• Ticker Symbol: WMG

Financial Performance

In 2023, WMG's revenue was $6.04 billion, an increase of 1.99% compared to the previous year's $5.92 billion. Earnings were $430.00 million, a decrease of -21.96%.

Analyst Forecast

According to 16 analysts, the average rating for WMG stock is "Buy." The 12-month stock price forecast is $37.75, which is an increase of 23.33% from the latest price.

Price Target

$37.75

(23.33% upside)

Analyst Consensus: Buy