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

Warner Music Group (NASDAQ:WMG) is scheduled to be announcing 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Warner Music Group (NASDAQ:WMG) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. Warner Music Group had a net margin of 7.42% and a return on equity of 128.86%. 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 1.3 %

Shares of NASDAQ:WMG opened at $33.43 on Thursday. The company has a market capitalization of $17.31 billion, a PE ratio of 37.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.46. 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 business has a fifty day moving average price of $33.60 and a two-hundred day moving average price of $34.04. Warner Music Group has a 1 year low of $23.62 and a 1 year high of $38.05.

Warner Music Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 22nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.68 dividend on an annualized basis and a yield of 2.03%. Warner Music Group’s dividend payout ratio (DPR) is presently 77.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on 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 report on Friday, April 5th. Loop Capital upped their price target on Warner Music Group from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Finally, Redburn Atlantic raised Warner Music Group from a “sell” rating to a “neutral” rating and upped their price target for the company from $17.00 to $21.00 in a research report on Monday, February 5th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.88.

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.