Warner Tunes Group (NASDAQ:WMG – Get Ranking) will concern its quarterly earnings data before the current market opens on Tuesday, August 9th. Analysts be expecting the business to announce earnings of $.19 per share for the quarter. Traders that desire to pay attention to the company’s convention call can do so applying this connection.
Warner Audio Team (NASDAQ:WMG – Get Ranking) last posted its quarterly earnings facts on Tuesday, May 10th. The enterprise documented $.18 earnings for every share for the quarter, missing the consensus estimate of $.21 by ($.03). The firm experienced earnings of $1.38 billion all through the quarter, when compared to analyst estimates of $1.37 billion. Warner Songs Team had a net margin of 6.45% and a return on fairness of 362.14%. Warner Songs Group’s revenue was up 10.1% when compared to the exact quarter past 12 months. All through the exact interval in the previous yr, the enterprise posted $.22 earnings for each share. On ordinary, analysts count on Warner New music Group to write-up $1 EPS for the existing fiscal calendar year and $1 EPS for the next fiscal calendar year.
Warner Music Group Value Efficiency
WMG stock opened at $31.50 on Friday. The enterprise has a present ratio of .61, a quick ratio of .58 and a financial debt-to-fairness ratio of 22.13. The business has a 50 working day uncomplicated going normal of $27.25 and a 200-working day basic shifting regular of $32.15. Warner Tunes Team has a twelve month reduced of $23.74 and a twelve month high of $50.23. The company has a marketplace capitalization of $16.22 billion, a P/E ratio of 44.37, a PEG ratio of 1.30 and a beta of 1.56.
Warner Audio Team Announces Dividend
The business enterprise also not long ago declared a quarterly dividend, which was compensated on Wednesday, June 1st. Buyers of file on Monday, May possibly 23rd have been issued a dividend of $.15 for each share. This represents a $.60 annualized dividend and a dividend generate of 1.90%. The ex-dividend date of this dividend was Friday, May perhaps 20th. Warner Songs Group’s dividend payout ratio is presently 84.51%.
Institutional Traders Weigh In On Warner Tunes Team
A variety of institutional investors have recently built variations to their positions in WMG. Mirabella Economical Solutions LLP bought a new situation in Warner New music Team through the 1st quarter worth $230,000. Captrust Monetary Advisors lifted its holdings in shares of Warner Audio Group by 106.5% in the initial quarter. Captrust Money Advisors now owns 7,344 shares of the company’s inventory valued at $278,000 after purchasing an supplemental 3,787 shares through the period. PNC Economic Solutions Team Inc. boosted its position in shares of Warner Music Group by 1,416.9% in the 1st quarter. PNC Economic Services Group Inc. now owns 8,267 shares of the company’s stock valued at $313,000 following purchasing an further 7,722 shares all through the period. Fairview Capital Investment decision Administration LLC boosted its placement in shares of Warner New music Team by 59.2% in the 1st quarter. Fairview Capital Financial investment Administration LLC now owns 9,550 shares of the company’s stock valued at $361,000 soon after paying for an more 3,550 shares through the interval. Finally, Citigroup Inc. boosted its position in shares of Warner Songs Group by 66.3% in the 1st quarter. Citigroup Inc. now owns 10,016 shares of the company’s stock valued at $379,000 just after acquiring an added 3,994 shares through the time period. 22.29% of the inventory is presently owned by institutional buyers.
Wall Road Analysts Forecast Progress
A amount of investigation companies have commented on WMG. TheStreet downgraded Warner Songs Group from a “c-” rating to a “d+” ranking in a report on Thursday, July 14th. Truist Economic lowered their target rate on Warner Songs Group from $40.00 to $35.00 and set a “buy” rating for the firm in a report on Tuesday, July 19th. Citigroup lowered their concentrate on selling price on Warner New music Group from $31.00 to $27.00 and established a “neutral” score for the organization in a report on Thursday, July 7th. Morgan Stanley dropped their value focus on on Warner Songs Team from $37.00 to $34.00 and established an “overweight” score for the company in a exploration report on Monday, July 25th. Eventually, Barclays dropped their selling price target on Warner Tunes Team from $37.00 to $33.00 and set an “overweight” ranking for the corporation in a investigate report on Tuesday, July 5th. Two analysts have rated the stock with a market rating, two have assigned a keep rating and 10 have issued a acquire ranking to the stock. According to MarketBeat, Warner Audio Group at the moment has a consensus score of “Moderate Buy” and an regular target selling price of $40.38.
Warner New music Group Enterprise Profile
Warner New music Team Corp. operates as a songs enjoyment organization in the United States, the United Kingdom, Germany, and internationally. The organization operates by means of Recorded Audio and Music Publishing segments. The Recorded Audio phase is included in the discovery and progress of recording artists, as properly as connected marketing and advertising, advertising, distribution, sale, and licensing of tunes established by this sort of recording artists marketplaces its songs catalog as a result of compilations and reissuances of previously launched audio and movie titles, as very well as formerly unreleased materials and conducts its procedure primarily by a collection of report labels, these kinds of 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’ Documents, Warner Classics, and Warner Audio Nashville.
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