Warner Music Group Expected to Earn Q3 2020 Earnings of $0.11 Per Share (NYSE:WMG)

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Warner Music Group (NYSE:WMG) – Equities researchers at SunTrust Banks issued their Q3 2020 earnings per share (EPS) estimates for shares of Warner Music Group in a research note issued to investors on Monday, June 29th. SunTrust Banks analyst M. Thornton forecasts that the company will post earnings of $0.11 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $35.00 target price on the stock. SunTrust Banks also issued estimates for Warner Music Group’s Q4 2020 earnings at $0.16 EPS, FY2020 earnings at $0.36 EPS, FY2021 earnings at $0.63 EPS, FY2022 earnings at $1.03 EPS, FY2023 earnings at $1.36 EPS and FY2024 earnings at $1.61 EPS.

Other equities analysts also recently issued reports about the company. Goldman Sachs Group started coverage on Warner Music Group in a research report on Monday. They set a “neutral” rating and a $33.00 price objective for the company. Loop Capital started coverage on Warner Music Group in a research report on Monday. They set a “hold” rating and a $33.00 price objective for the company. Barclays started coverage on Warner Music Group in a research report on Monday. They set an “equal weight” rating and a $28.00 price objective for the company. Guggenheim started coverage on Warner Music Group in a research report on Monday. They set a “buy” rating and a $36.00 price objective for the company. Finally, Atlantic Securities started coverage on Warner Music Group in a report on Wednesday, June 3rd. They issued a “neutral” rating and a $23.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.64.

Shares of Warner Music Group stock opened at $31.43 on Wednesday. Warner Music Group has a one year low of $26.99 and a one year high of $34.76.

About Warner Music Group

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

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