Warner Music Group (WMG) to Release Earnings on Tuesday

Warner Music Group (NYSE:WMG) is scheduled to be announcing its earnings results before the market opens on Tuesday, August 4th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Shares of WMG stock opened at $30.15 on Friday. Warner Music Group has a twelve month low of $26.99 and a twelve month high of $34.76. The stock’s fifty day moving average price is $30.24.

In related news, major shareholder Ai Entertainment Holdings Llc sold 11,161,101 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $25.00, for a total transaction of $279,027,525.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

A number of equities research analysts recently weighed in on WMG shares. Goldman Sachs Group started coverage on Warner Music Group in a research report on Monday, June 29th. They set a “neutral” rating and a $33.00 price objective on the stock. Royal Bank of Canada started coverage on Warner Music Group in a research report on Monday, June 29th. They set an “outperform” rating and a $40.00 price objective on the stock. Sanford C. Bernstein started coverage on Warner Music Group in a research report on Tuesday, June 23rd. They set a “market perform” rating and a $33.00 price objective on the stock. Citigroup assumed coverage on Warner Music Group in a research report on Monday, June 29th. They set a “neutral” rating and a $33.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Warner Music Group in a research report on Monday, June 29th. They issued an “equal weight” rating and a $32.00 price target on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Warner Music Group presently has a consensus rating of “Hold” and an average price target of $33.64.

About Warner Music Group

There is no company description available for Warner Music Group Corp.

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