Warner Music Group (NASDAQ:WMG – Get Score) had its worth goal dropped by funding analysts at Citigroup from $31.00 to $27.00 in a analysis report issued on Thursday, The Fly reviews. The agency presently has a “impartial” score on the inventory. Citigroup’s worth goal factors to a possible upside of 6.80% from the corporate’s earlier shut.
Different analysis analysts have additionally issued reviews concerning the inventory. Guggenheim upped their goal worth on shares of Warner Music Group from $30.00 to $34.00 and gave the inventory a “purchase” score in a analysis report on Friday, June third. Redburn Companions restated a “promote” score on shares of Warner Music Group in a analysis report on Monday, April twenty fifth. Deutsche Financial institution Aktiengesellschaft initiated protection on shares of Warner Music Group in a analysis report on Friday, March eleventh. They set a “purchase” score and a $42.00 goal worth on the inventory. Barclays lowered their goal worth on shares of Warner Music Group from $37.00 to $33.00 and set an “obese” score on the inventory in a analysis report on Tuesday. Lastly, Truist Monetary lowered their worth goal on shares of Warner Music Group from $45.00 to $40.00 in a analysis report on Monday, Might ninth. Two funding analysts have rated the inventory with a promote score, two have issued a maintain score and 9 have assigned a purchase score to the corporate. In response to MarketBeat, Warner Music Group at present has a median score of “Reasonable Purchase” and a median worth goal of $42.92.
Shares of Warner Music Group inventory opened at $25.28 on Thursday. Warner Music Group has a 52-week low of $23.74 and a 52-week excessive of $50.23. The corporate has a fast ratio of 0.58, a present ratio of 0.61 and a debt-to-equity ratio of twenty-two.13. The corporate’s 50-day easy transferring common is $27.42 and its 200-day easy transferring common is $34.03. The agency has a market cap of $13.01 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.41.
Warner Music Group (NASDAQ:WMG – Get Score) final issued its quarterly earnings outcomes on Tuesday, Might tenth. The corporate reported $0.18 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.21 by ($0.03). Warner Music Group had a return on fairness of 362.14% and a internet margin of 6.45%. The agency had income of $1.38 billion for the quarter, in comparison with analyst estimates of $1.37 billion. Throughout the identical quarter final 12 months, the agency earned $0.22 earnings per share. The corporate’s income was up 10.1% in comparison with the identical quarter final 12 months. Equities analysis analysts anticipate that Warner Music Group will put up 0.89 EPS for the present 12 months.
Massive buyers have not too long ago purchased and bought shares of the enterprise. Financial institution of America Corp DE elevated its place in shares of Warner Music Group by 3.7% within the first quarter. Financial institution of America Corp DE now owns 120,622 shares of the corporate’s inventory value $4,566,000 after buying an extra 4,253 shares within the final quarter. Neuberger Berman Group LLC acquired a brand new stake in shares of Warner Music Group within the first quarter value $6,843,000. Mirabella Monetary Companies LLP acquired a brand new stake in shares of Warner Music Group within the first quarter value $230,000. RBO & Co. LLC elevated its place in shares of Warner Music Group by 7.6% within the first quarter. RBO & Co. LLC now owns 280,945 shares of the corporate’s inventory value $10,634,000 after buying an extra 19,800 shares within the final quarter. Lastly, Eaton Vance Administration acquired a brand new stake in shares of Warner Music Group within the first quarter value $1,173,000. 22.29% of the inventory is at present owned by institutional buyers.
Warner Music Group Firm Profile (Get Score)
Warner Music Group Corp. operates as a music leisure firm in america, the UK, Germany, and internationally. The corporate operates by way of Recorded Music and Music Publishing segments. The Recorded Music section is concerned within the discovery and growth of recording artists, in addition to associated advertising and marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog by way of compilations and reissuances of beforehand launched music and video titles, in addition to beforehand unreleased supplies; and conducts its operation primarily by way of a set of file labels, reminiscent of Warner Information and Atlantic Information, in addition to Asylum, Large Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin’ Information, Warner Classics, and Warner Music Nashville.
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