Warner Music Group Corp. (WMG)

NASDAQ: WMG · IEX Real-Time Price · USD
39.47 -0.80 (-1.99%)
Jan 18, 2022 2:51 PM EST - Market open
Market Cap20.31B
Revenue (ttm)5.30B
Net Income (ttm)304.00M
Shares Out514.54M
EPS (ttm)0.58
PE Ratio67.59
Forward PE40.16
Dividend$0.54 (1.37%)
Ex-Dividend DateNov 22, 2021
Volume576,792
Open39.47
Previous Close40.27
Day's Range39.00 - 40.13
52-Week Range31.50 - 50.23
Betan/a
AnalystsBuy
Price Target48.67 (+23.3%)
Earnings DateNov 15, 2021

About WMG

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 pr...

IndustryEntertainment
IPO DateJun 3, 2020
Employees5,900
Stock ExchangeNASDAQ
Ticker SymbolWMG
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for WMG stock is "Buy." The 12-month stock price forecast is 48.67, which is an increase of 23.31% from the latest price.

Price Target
$48.67
(23.31% upside)
Analyst Consensus: Buy

News

Jefferies Upgrades Warner Music To Buy; Bumps Up Price Target By 22%

Jefferies analyst Andrew Uerkwitz upgraded Warner Music Group (NASDAQ:WMG) to Buy from Hold with a price target of $50, up from $41. The price target implies an upside of 20.7%.

2 weeks ago - Benzinga

2 Premarket Movers Bucking the Bull Trend on Tuesday Morning

Find out what's holding these industry leaders back.

Other symbols:SE
2 weeks ago - The Motley Fool

Access Industries Offloads Stake In Warner Music Via Equity Offering At 4.5% Discount

Warner Music Group Corp (NASDAQ: WMG) priced 8.6 million shares by Access Industries, LLC affiliates at $41 per share in a secondary public offering. The offer price implies a 4.5% discount to Warner Mu...

2 weeks ago - Benzinga

Warner Music Group Announces Pricing of Secondary Offering by Affiliates of Access Industries

NEW YORK, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group”) (Nasdaq: WMG) today announced the pricing of an underwritten secondary offering (the “offering”) of an aggrega...

2 weeks ago - GlobeNewsWire

Warner Music Group Announces Sale of 8,562,500 Shares of Common Stock by Affiliates of Access Industries

NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (the “Company”) (Nasdaq: WMG) today announced the sale of an aggregate of 8,562,500 shares of the Company's Class A common stock (the...

2 weeks ago - GlobeNewsWire

300, an Independent Entertainment Company, Co-Founded by Lyor Cohen, Kevin Liles, and Roger Gold, Sells to Warner Mus...

Kevin Liles appointed Chairman & CEO of a group of iconic independent label brands across 300 and Elektra

1 month ago - GlobeNewsWire

Music Stocks Are a Buy as Song Publishers See Huge Growth

Major music stocks have been star performers over the past year. Expect the music to keep playing as industry leaders see continued growth.

Other symbols:SONY
1 month ago - InvestorPlace

WMG Acquisition Corp. Announces Launch of Senior Secured Notes Offering

NEW YORK, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that through its wholly owned subsidiary WMG Acquisition Corp. (the “Company”) it has...

2 months ago - GlobeNewsWire

Why This Warner Music Group Analyst Is Turning Bearish

Although Warner Music Group Corp (NASDAQ:WMG) is poised to continue benefiting from secular tailwinds in the music industry and its longer-term growth story remains intact, the stock seems “fairly value...

2 months ago - Benzinga

Recap: Warner Music Group Q4 Earnings

Warner Music Group (NASDAQ:WMG) reported its Q4 earnings results on Monday, November 15, 2021 at 08:00 AM. Here's what investors need to know about the announcement.

2 months ago - Benzinga

Why Are Warner Music Shares Trading Higher Monday Premarket?

Warner Music Group Corp (NASDAQ: WMG) reported fourth-quarter FY21 revenue growth of 22% year-on-year to $1.38 billion, beating the consensus of $1.35 billion. Recorded Music revenue grew 22% Y/Y to $1....

2 months ago - Benzinga

Warner Music Group swings to a profit from narrow loss

Warner Music Group Corp. WMG, -0.51% on Monday said its fourth-quarter net income rose to $28 million, or 5 cents a share, from a loss of $1 million, or breakeven on a per-share basis, in the year-ago p...

2 months ago - Market Watch

Warner Music Group Corp. Announces Quarterly Cash Dividend

NEW YORK, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.15 per s...

2 months ago - GlobeNewsWire

Warner Music Group Corp. To Conduct Earnings Conference Call on Monday, November 15, 2021

NEW YORK, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (Nasdaq: WMG) will release its financial results on Monday, November 15, 2021, for the fourth quarter and fiscal year ended September...

2 months ago - GlobeNewsWire

3 Companies Growing Revenue Per Share Quickly

The S&P 500 stocks saw their aggregate trailing 12-month real revenue per share increase at a compound annual growth rate of approximately 3.12% over the past five years. The benchmark index for the U.S...

Other symbols:GNSSRMAX
3 months ago - GuruFocus

Mattel and Warner Music Group's Arts Music Division Partner With iHeartMedia to Bring Barbie to the Airwaves

NEW YORK & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) and Warner Music Group's (NASDAQ: WMG) Arts Music division announced they are partnering with iHeartMedia (NASDAQ: IHRT) to lau...

Other symbols:IHRTMAT
3 months ago - Business Wire

CEO And Recorded Music Of Warner Music Group Makes $20M Sale

Max Lousada, CEO And Recorded Music at Warner Music Group (NASDAQ:WMG), made a large insider sell on September 29, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities ...

3 months ago - Benzinga

Barclays' Reasons For Preferring Warner Music Over Universal Music

Barclays analyst Kannan Venkateshwar upgraded Warner Music Group Corp (NASDAQ:WMG) to Overweight from Equal Weight with a price target of $48, up from $38, implying an 11.1% Upside.  The ongoing growth ...

3 months ago - Benzinga

Access Industries Offloads Warner Music Shares Worth $103M At Discount

Warner Music Group Corp (NASDAQ: WMG) priced 2.34 million shares sold by Access Industries, LLC affiliates at $44 per share for $102.96 million in a secondary public offering. The offer price implies a ...

3 months ago - Benzinga

Warner Music Group Announces Sale of 2,340,000 Shares of Common Stock by Affiliates of Access Industries

NEW YORK, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (the “Company”) (Nasdaq: WMG) today announced the sale of an aggregate of 2,340,000 shares of the Company's common stock by affiliat...

3 months ago - GlobeNewsWire

Why Warner Music Group Stock Jumped 13% on Tuesday

The music giant got a big Wall Street upgrade.

3 months ago - The Motley Fool

Credit Suisse Sees 19.2% Upside In This Stock As Streaming Industry Gains Steam

Credit Suisse analyst Meghan Durkin upgraded  Warner Music Group Corp (NASDAQ:WMG) to Outperform from Neutral with a price target of $48, up from $37, implying a 19.2% upside.  Warner is well-positioned...

3 months ago - Benzinga

Warner Music Group Corp. to Participate in Goldman Sachs 30th Annual Communacopia Conference

NEW YORK, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) announced today that Steve Cooper, Chief Executive Officer, will participate in a question and answe...

4 months ago - GlobeNewsWire

David Bowie Estate and Warner Music Announce Landmark, Career-Spanning Partnership

Global Deal Sets WMG as Definitive Home for Icon's Body of Work

4 months ago - GlobeNewsWire