Warner Music Group Corp. is set to announce its latest quarterly earnings on Wednesday, May 6th, with a consensus estimate EPS of $0.29.
Warner Music Group Corp. (WMG) is currently priced at $28.47, experiencing a decrease of 19.81 cents (-0.691%) from the previous close. The asset has seen six consecutive days of decline, with a 6.68% decrease from the streak's start at $30.51.
WMG has been on a downward streak for six days, resulting in a $2.04 absolute decrease and a 6.68% percentage decrease, starting at $30.51.
The company's latest quarterly earnings, reported on Wednesday, February 4th, had a consensus EPS estimate of $0.39.
Warner Music Group Corp. offers a forward dividend yield of 2.67%, with a dividend per share MRQ of 19 cents and a year-over-year increase of 5.7143 cents.
Morgan Stanley issued an "Overweight" grade for WMG on April 21, maintaining its previous grade with a price of $30.51.
The company's cash flow shows a net change of $219 million, with operating cash flow at $440 million and capital expenditure of -$50 million.
WMG reported a net income of $176 million, with an EPS of 34 cents and a gross profit of $754 million.
Key ratios for WMG include a net profit margin of 9.57%, return on equity of 24.44%, and a price-to-earnings ratio of 22.61.
The balance sheet indicates total assets of $10 billion, total liabilities of $9.18 billion, and net debt of $4 billion.
This comprehensive financial report provides insights into Warner Music Group Corp.'s current financial standing and performance metrics.
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company 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 100,000 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.