Tencent Music Entertainment Group (TME) Projected to Post Earnings on Tuesday

Tencent Music Entertainment Group (NYSE:TME) is anticipated to release its Q1 2025 earnings data before the market opens on Tuesday, May 13th. Analysts expect Tencent Music Entertainment Group to post earnings of $0.19 per share and revenue of $1.00 billion for the quarter.

Tencent Music Entertainment Group Stock Down 0.9%

TME stock opened at $14.08 on Monday. Tencent Music Entertainment Group has a twelve month low of $9.41 and a twelve month high of $15.77. The company has a market cap of $24.16 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 0.77 and a beta of 0.46. The business’s 50-day simple moving average is $13.38 and its 200 day simple moving average is $12.33. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.09.

Tencent Music Entertainment Group Increases Dividend

The company also recently announced an annual dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 3rd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This is an increase from Tencent Music Entertainment Group’s previous annual dividend of $0.12. This represents a yield of 0.9%. Tencent Music Entertainment Group’s dividend payout ratio (DPR) is 28.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Tencent Music Entertainment Group in a report on Tuesday, March 18th. Nomura Securities raised Tencent Music Entertainment Group to a “strong-buy” rating in a report on Tuesday, April 8th. Mizuho lifted their price objective on Tencent Music Entertainment Group from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised Tencent Music Entertainment Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.

About Tencent Music Entertainment Group

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 music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.