Tencent Music Entertainment Group (TME) is currently priced at $9.14, showing a decrease of 22 cents (-2.35%) from the previous close at $9.36. The trading volume stands at $1.77 million, representing an 18.5% increase relative to the average volume.
The latest quarterly earnings report for TME was announced on Monday, March 16th. The earnings per share came in at 0.02926, slightly below the consensus estimate of 0.03181.
TME offers a forward dividend yield of 10.19%, with a dividend per share MRQ of 23.28 cents. The year-over-year dividend per share has increased to 31.3869 cents, while the trailing twelve months dividend per share remains at 23.28 cents.
Key financial metrics for TME show a gross profit margin of 56.41%, operating profit margin of 40.87%, and net profit margin of 25.49%. The return on assets is 2.12% and the return on equity is 2.7%. Notably, the quick ratio stands at 2.22, and the debt-equity ratio is 4.75.
With this data in mind, investors can assess TME's financial health and performance amidst the current market conditions.
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.