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Warner Music Group Corp. (WMG)

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31.06 -0.02 (-0.06%)
As of 3:54 PM EDT. Market Open.
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DELL
  • Previous Close 31.08
  • Open 31.14
  • Bid 31.03 x 2500
  • Ask 31.11 x 1900
  • Day's Range 30.86 - 31.37
  • 52 Week Range 27.06 - 38.05
  • Volume 926,860
  • Avg. Volume 1,905,266
  • Market Cap (intraday) 16.087B
  • Beta (5Y Monthly) 1.37
  • PE Ratio (TTM) 29.87
  • EPS (TTM) 1.04
  • Earnings Date Nov 14, 2024 - Nov 18, 2024
  • Forward Dividend & Yield 0.72 (2.32%)
  • Ex-Dividend Date Aug 27, 2024
  • 1y Target Est 35.88

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 unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 150,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.

www.wmg.com

5,900

Full Time Employees

September 30

Fiscal Year Ends

Recent News: WMG

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Performance Overview: WMG

Trailing total returns as of 9/25/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

WMG
11.79%
S&P 500
19.95%

1-Year Return

WMG
3.42%
S&P 500
32.43%

3-Year Return

WMG
25.24%
S&P 500
28.41%

5-Year Return

WMG
15.04%
S&P 500
83.20%

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Statistics: WMG

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Valuation Measures

Annual
As of 9/24/2024
  • Market Cap

    16.09B

  • Enterprise Value

    19.74B

  • Trailing P/E

    29.88

  • Forward P/E

    21.51

  • PEG Ratio (5yr expected)

    1.21

  • Price/Sales (ttm)

    2.52

  • Price/Book (mrq)

    33.32

  • Enterprise Value/Revenue

    3.09

  • Enterprise Value/EBITDA

    15.89

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.56%

  • Return on Assets (ttm)

    7.42%

  • Return on Equity (ttm)

    125.05%

  • Revenue (ttm)

    6.38B

  • Net Income Avi to Common (ttm)

    539M

  • Diluted EPS (ttm)

    1.04

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    607M

  • Total Debt/Equity (mrq)

    669.76%

  • Levered Free Cash Flow (ttm)

    686.12M

Research Analysis: WMG

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Earnings Per Share

Consensus EPS
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

23.00 Low
35.88 Average
31.06 Current
44.00 High
 

Company Insights: WMG

Research Reports: WMG

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  • Raising target price to $27.00

    WARNER MUSIC GROUP CORP-CL A has an Investment Rating of SELL; a target price of $27.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Daily – Vickers Top Buyers & Sellers for 09/16/2024

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

     
  • Daily – Vickers Top Buyers & Sellers for 09/11/2024

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

     
  • What does Argus have to say about WMG?

    WARNER MUSIC GROUP CORP-CL A has an Investment Rating of SELL; a target price of $22.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Medium.

    Rating
    Price Target
     

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