Warner Music Group Corp. (WMG)
- Previous Close
31.55 - Open
31.46 - Bid 32.40 x 100
- Ask 32.46 x 500
- Day's Range
31.43 - 32.50 - 52 Week Range
23.62 - 38.05 - Volume
977,799 - Avg. Volume
1,524,019 - Market Cap (intraday)
16.779B - Beta (5Y Monthly) 1.46
- PE Ratio (TTM)
36.40 - EPS (TTM)
0.89 - Earnings Date May 9, 2024
- Forward Dividend & Yield 0.68 (2.10%)
- Ex-Dividend Date Feb 21, 2024
- 1y Target Est
37.73
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.com5,900
Full Time Employees
September 30
Fiscal Year Ends
Sector
Industry
Recent News: WMG
Performance Overview: WMG
Trailing total returns as of 4/26/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: WMG
Valuation Measures
Market Cap
16.78B
Enterprise Value
20.32B
Trailing P/E
36.40
Forward P/E
24.39
PEG Ratio (5yr expected)
1.12
Price/Sales (ttm)
2.66
Price/Book (mrq)
36.24
Enterprise Value/Revenue
3.23
Enterprise Value/EBITDA
17.24
Financial Highlights
Profitability and Income Statement
Profit Margin
7.42%
Return on Assets (ttm)
6.88%
Return on Equity (ttm)
113.14%
Revenue (ttm)
6.3B
Net Income Avi to Common (ttm)
461M
Diluted EPS (ttm)
0.89
Balance Sheet and Cash Flow
Total Cash (mrq)
754M
Total Debt/Equity (mrq)
697.40%
Levered Free Cash Flow (ttm)
726.25M
Research Analysis: WMG
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Research Reports: WMG
Analyst Report: Warner Music Group Corp.
Warner Music Group is the third largest of the three major global record labels, with Vivendi’s Universal Music first and Sony Music second. Warner’s larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm’s publishing arm, is the home to over 65,000 composers and songwriters with over 1 million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.
RatingPrice TargetAnalyst Report: Warner Music Group Corp.
Warner Music Group is the third largest of the three major global record labels, with Vivendi’s Universal Music in first and Sony Music in second. Warner’s larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm’s publishing arm, is the home to over 65,000 composers and songwriters with over 1 million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.
RatingPrice TargetDaily – Vickers Top Buyers & Sellers for 12/08/2023
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Analyst Report: Warner Music Group Corp.
Warner Music Group is the third largest of the three major global record labels, with Vivendi’s Universal Music in first and Sony Music in second. Warner’s larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm’s publishing arm, is the home to over 65,000 composers and songwriters with over 1 million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.
RatingPrice Target