What the Smart Investors Know About Warner Music

Shares of Warner Music have moved 0.0% today, and are now trading at a price of $31.25. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 8,404 compared to the stock's average volume of 1,205,072.

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. Based in New York, United States the company has 6,200 full time employees and a market cap of $16,385,250,304. Warner Music currently offers its equity investors a dividend that yields 2.0% per year.

The company is now trading -17.89% away from its average analyst target price of $38.06 per share. The 17 analysts following the stock have set target prices ranging from $32.0 to $52.0, and on average give Warner Music a rating of buy.

Over the last year, WMG shares have gone down by -0.3%, which represents a difference of 3.0% when compared to the S&P 500. The stock's 52 week high is $38.76 per share and its 52 week low is $21.57. Based on Warner Music's average gross margin growth of 0.9% over the last four years, its core business remains strong and the stock price may recover in the long term.

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2022-09-30 5,919,000 3,080,000 47.96 -0.64
2021-09-30 5,301,000 2,742,000 48.27 1.13
2020-09-30 4,463,000 2,333,000 47.73 2.98
2019-09-30 4,475,000 2,401,000 46.35 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.