Warner Music Group Corp. (WMG)
| Market Cap | 20.31B |
| Revenue (ttm) | 5.30B |
| Net Income (ttm) | 304.00M |
| Shares Out | 514.54M |
| EPS (ttm) | 0.58 |
| PE Ratio | 67.59 |
| Forward PE | 40.16 |
| Dividend | $0.54 (1.37%) |
| Ex-Dividend Date | Nov 22, 2021 |
| Volume | 576,792 |
| Open | 39.47 |
| Previous Close | 40.27 |
| Day's Range | 39.00 - 40.13 |
| 52-Week Range | 31.50 - 50.23 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 48.67 (+23.3%) |
| Earnings Date | Nov 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...
Financial Performance
Financial StatementsAnalyst 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.
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 Premarket Movers Bucking the Bull Trend on Tuesday Morning
Find out what's holding these industry leaders back.
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...
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...
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...
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
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.
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...
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...
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.
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....
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...
Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2021
Financial Highlights
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...
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...
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...
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...
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 ...
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 ...
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 ...
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...
Why Warner Music Group Stock Jumped 13% on Tuesday
The music giant got a big Wall Street upgrade.
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...
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...
David Bowie Estate and Warner Music Announce Landmark, Career-Spanning Partnership
Global Deal Sets WMG as Definitive Home for Icon's Body of Work