Warner Music Group (WMG) Set to Announce Earnings on Thursday

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

Warner Music Group (NASDAQ:WMG) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates 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 Trading Down 1.0 %

NASDAQ WMG opened at $35.09 on Wednesday. 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 $18.17 billion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 2.15 and a beta of 1.43. The company has a debt-to-equity ratio of 6.50, a current ratio of 0.70 and a quick ratio of 0.67. The firm’s fifty day moving average price is $33.59 and its 200 day moving average price is $34.08.

Warner Music Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 22nd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.94%. Warner Music Group’s dividend payout ratio (DPR) is presently 77.27%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley assumed coverage on Warner Music Group in a research note on Monday. They set an “overweight” rating and a $43.00 price target for the company. Redburn Atlantic raised shares of Warner Music Group from a “sell” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $21.00 in a report on Monday, February 5th. Guggenheim cut their price target on shares of Warner Music Group from $46.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Loop Capital lifted their price objective on Warner Music Group from $36.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Warner Music Group presently has an average rating of “Moderate Buy” and an average target price 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.