Warner Music Group (WMG) Scheduled to Post Earnings on Thursday

Warner Music Group (NASDAQ:WMG) will announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Warner Music Group (NASDAQ:WMG) last announced its earnings results on Wednesday, February 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.68 billion. Warner Music Group had a return on equity of 128.86% and a net margin of 7.42%. On average, analysts expect Warner Music Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Warner Music Group Stock Up 3.8 %

Shares of WMG opened at $35.45 on Tuesday. The stock’s 50-day moving average price is $33.59 and its two-hundred day moving average price is $34.08. Warner Music Group has a 12 month low of $23.62 and a 12 month high of $38.05. The company has a market capitalization of $18.36 billion, a PE ratio of 40.28, a PEG ratio of 2.15 and a beta of 1.43. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 6.50.

Warner Music Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 22nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, February 21st. Warner Music Group’s dividend payout ratio is currently 77.27%.

Analyst Ratings Changes

Several research firms have issued reports on WMG. Morgan Stanley assumed coverage on shares of Warner Music Group in a report on Monday. They set an “overweight” rating and a $43.00 price target for the company. Guggenheim dropped their price target on Warner Music Group from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Redburn Atlantic upgraded Warner Music Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $17.00 to $21.00 in a report on Monday, February 5th. Finally, Loop Capital boosted their target price on shares of Warner Music Group from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Warner Music Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.18.

Warner Music Group Company Profile

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.