Warner Music Group Corp. (NASDAQ:WMG – Get Rating) – Equities research analysts at Jefferies Financial Group lowered their FY2025 EPS estimates for Warner Music Group in a research note issued to investors on Sunday, July 17th. Jefferies Financial Group analyst A. Uerkwitz now forecasts that the company will post earnings per share of $1.80 for the year, down from their previous forecast of $1.83. The consensus estimate for Warner Music Group’s current full-year earnings is $0.87 per share. Jefferies Financial Group also issued estimates for Warner Music Group’s FY2026 earnings at $2.19 EPS.
Several other equities research analysts also recently issued reports on WMG. Guggenheim raised their price objective on shares of Warner Music Group from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, June 3rd. JPMorgan Chase & Co. dropped their price target on shares of Warner Music Group from $40.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. TheStreet downgraded shares of Warner Music Group from a “c-” rating to a “d+” rating in a research report on Thursday, July 14th. Truist Financial dropped their price target on shares of Warner Music Group from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Redburn Partners reiterated a “sell” rating on shares of Warner Music Group in a research report on Monday, April 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.85.
Warner Music Group Trading Up 4.8 %
Shares of WMG stock opened at $28.32 on Wednesday. The firm has a 50 day moving average price of $27.04 and a two-hundred day moving average price of $33.07. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 22.13. The company has a market capitalization of $14.58 billion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 1.04 and a beta of 1.41. Warner Music Group has a 12-month low of $23.74 and a 12-month high of $50.23.
Warner Music Group (NASDAQ:WMG – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Warner Music Group had a return on equity of 362.14% and a net margin of 6.45%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share.
Warner Music Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Monday, May 23rd were paid a $0.15 dividend. The ex-dividend date was Friday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 2.12%. Warner Music Group’s dividend payout ratio (DPR) is 84.51%.
Institutional Trading of Warner Music Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Westpac Banking Corp bought a new stake in shares of Warner Music Group during the fourth quarter worth $27,000. MBM Wealth Consultants LLC bought a new stake in shares of Warner Music Group in the first quarter worth $57,000. Exchange Traded Concepts LLC grew its stake in shares of Warner Music Group by 17.6% in the second quarter. Exchange Traded Concepts LLC now owns 5,889 shares of the company’s stock worth $143,000 after purchasing an additional 882 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in shares of Warner Music Group in the first quarter worth $230,000. Finally, Stephens Inc. AR grew its stake in shares of Warner Music Group by 8.0% in the fourth quarter. Stephens Inc. AR now owns 5,847 shares of the company’s stock worth $252,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 22.29% of the company’s stock.
About Warner Music Group
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 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.
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