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Warner Music Group (WMG)
NASDAQ:WMG
Holding WMG?
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WMG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$28.12 - $37.67
Previous Close$30.91
Volume1.59M
Average Volume (3M)2.34M
Market Cap
$16.01B
Enterprise Value$19.70B
Total Cash (Recent Filing)$754.00M
Total Debt (Recent Filing)$4.30B
Price to Earnings (P/E)30.6
Beta1.08
Next Earnings
Aug 08, 2024EPS Estimate
$0.27Last Dividend Ex-Date
May 22, 2024Dividend Yield2.2%
Share Statistics
EPS (TTM)1.01
Shares Outstanding517,913,500
10 Day Avg. Volume4,856,967
30 Day Avg. Volume2,340,992
Standard Deviation0.12
R-Squared0.35
Alpha-0.00922
Financial Highlights & Ratios
Price to Book (P/B)33.74
Price to Sales (P/S)0.70
Price to Cash Flow (P/CF)13.30
P/FCF Ratio17.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.13
Enterprise Value/Gross Profit6.89
Enterprise Value/Ebitda16.84
Forecast
1Y Price Target
$36.64Price Target Upside16.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Warner Music Group News
Bulls Say, Bears Say
Bulls Say
Digital GrowthDigital has grown at approximately 95% the rate of UMG since '16.
EarningsTotal F2Q revenue grew 7% to $1.5bn, in line with consensus. Excluding the effect of the BMG termination, revenue would have grown 9%.
Streaming RevenueForward commentary supports double-digit streaming revenue growth, continued margin expansion, and robust Free Cash Flow generation.
Bears Say
GrowthThe recent ad-supported results are a setback to the improving underlying growth story.
MarginsThere are headwinds to margins from rising marginal costs such as artists' negotiating leverage and mid-tier artist expansion.
RevenueAd-supported revenue grew a tepid 4.4%, a material deceleration from 10% in the prior quarter.
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Ownership Overview
7.96% Insiders
38.19% Mutual Funds
17.04% Other Institutional Investors
36.80% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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WMG FAQ
What was Warner Music Group’s price range in the past 12 months?
Warner Music Group lowest stock price was $28.12 and its highest was $37.66 in the past 12 months.
What is Warner Music Group’s market cap?
Currently, no data Available
When is Warner Music Group’s upcoming earnings report date?
Warner Music Group’s upcoming earnings report date is Aug 08, 2024 which is 105 days ago.
How were Warner Music Group’s earnings last quarter?
Warner Music Group released its earnings results on May 09, 2024. The company reported $0.351 earnings per share for the quarter, beating the consensus estimate of $0.204 by $0.147.
Is Warner Music Group overvalued?
According to Wall Street analysts Warner Music Group’s price is currently Undervalued.
Does Warner Music Group pay dividends?
Warner Music Group pays a Quarterly dividend of $0.17 which represents an annual dividend yield of 2.2%. See more information on Warner Music Group dividends here
What is Warner Music Group’s EPS estimate?
Warner Music Group’s EPS estimate is $0.27.
How many shares outstanding does Warner Music Group have?
Warner Music Group has 141,598,720 shares outstanding.
What happened to Warner Music Group’s price movement after its last earnings report?
Warner Music Group reported an EPS of $0.351 in its last earnings report, beating expectations of $0.204. Following the earnings report the stock price went down -8.629%.
Which hedge fund is a major shareholder of Warner Music Group?
Among the largest hedge funds holding Warner Music Group’s share is Southeastern Asset Management Inc. It holds Warner Music Group’s shares valued at 76M.
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Warner Music Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$36.64 (16.17% Upside)
$36.64 (16.17% Upside)
Blogger Sentiment
Bullish
WMG Sentiment 83%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 386.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
11.67%
12-Months-Change
Fundamentals
Return on Equity
152.41%
Trailing 12-Months
Asset Growth
9.00%
Trailing 12-Months
Company Description
Warner Music Group
With about $3.5 billion in revenue, Warner Music Group is one of the largest music companies in the world. More than 80% of Warner's revenue comes from recorded music, while the remainder is generated from music publishing.
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WMG Company Deck
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WMG Earnings Call
Q2 2024
0:00 / 0:00
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WMG Stock 12 Month Forecast
Average Price Target
$36.64
▲(16.17% Upside)
Technical Analysis
Alphabet Class A
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IMAX
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Live Nation Entertainment
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Lions Gate Entertainment Class A
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Best Analysts Covering WMG
1 Year
1 Year Success Rate
8/10 ratings generated profit
1 Year Average Return
+6.18%
reiterated a buy rating 8 months ago
Copying Michael Morris's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +6.18% per trade.
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