Warner Music Group Corp. (WMG)

Market Cap	16.64B
Revenue (ttm)	6.30B
Net Income (ttm)	467.00M
Shares Out	517.88M
EPS (ttm)	0.88
PE Ratio	36.52
Forward PE	24.52
Dividend	$0.68 (2.12%)
Ex-Dividend Date	Feb 21, 2024

Volume	1,963,326
Open	33.16
Previous Close	33.06
Day's Range	32.01 - 33.64
52-Week Range	23.62 - 38.05
Beta	1.46
Analysts	Buy
Price Target	35.95 (+11.85%)
Earnings Date	May 9, 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 19 analysts, the average rating for WMG stock is "Buy." The 12-month stock price forecast is $35.95, which is an increase of 11.85% from the latest price.

Price Target

$35.95

(11.85% upside)

Analyst Consensus: Buy