Equities analysts expect that World Wrestling Entertainment, Inc. (NYSE:WWE) will announce earnings of $0.19 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for World Wrestling Entertainment’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.22. World Wrestling Entertainment posted earnings of $0.10 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 90%. The firm is scheduled to announce its next earnings results on Thursday, February 8th.
On average, analysts expect that World Wrestling Entertainment will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.45 to $0.57. For the next fiscal year, analysts forecast that the business will report earnings of $0.61 per share, with EPS estimates ranging from $0.42 to $0.79. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for World Wrestling Entertainment.
World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, October 26th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.08. The business had revenue of $186.40 million for the quarter, compared to analyst estimates of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS.
WWE has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Benchmark Co. boosted their price target on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, September 12th. FBN Securities lowered shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 30th. Finally, KeyCorp restated a “hold” rating on shares of World Wrestling Entertainment in a research report on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.25.
World Wrestling Entertainment (WWE) traded up $0.20 during trading hours on Wednesday, reaching $27.30. 510,200 shares of the company’s stock were exchanged, compared to its average volume of 550,629. The firm has a market capitalization of $2,089.60, a price-to-earnings ratio of 51.13, a PEG ratio of 2.61 and a beta of 0.86. World Wrestling Entertainment has a 52-week low of $17.59 and a 52-week high of $27.62. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.62 and a current ratio of 2.68.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, December 14th. World Wrestling Entertainment’s dividend payout ratio is presently 106.67%.
In other World Wrestling Entertainment news, SVP Mark Kowal sold 2,275 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $21.99, for a total value of $50,027.25. Following the completion of the sale, the senior vice president now owns 14,736 shares of the company’s stock, valued at $324,044.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin Dunn sold 72,286 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.81, for a total transaction of $1,504,271.66. Following the completion of the sale, the insider now directly owns 379,559 shares of the company’s stock, valued at approximately $7,898,622.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,899 shares of company stock valued at $2,153,189. 49.80% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of WWE. BlackRock Inc. increased its stake in World Wrestling Entertainment by 116,814.6% in the first quarter. BlackRock Inc. now owns 4,426,388 shares of the company’s stock valued at $98,355,000 after purchasing an additional 4,422,602 shares in the last quarter. EastBay Asset Management LLC increased its stake in World Wrestling Entertainment by 153.2% in the second quarter. EastBay Asset Management LLC now owns 1,337,130 shares of the company’s stock valued at $27,237,000 after purchasing an additional 809,130 shares in the last quarter. Davidson Kempner Capital Management LP increased its stake in World Wrestling Entertainment by 286.7% in the second quarter. Davidson Kempner Capital Management LP now owns 725,000 shares of the company’s stock valued at $14,768,000 after purchasing an additional 537,500 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in World Wrestling Entertainment by 100.8% in the second quarter. Eagle Boston Investment Management Inc. now owns 916,673 shares of the company’s stock valued at $19,516,000 after purchasing an additional 460,117 shares in the last quarter. Finally, Heartland Advisors Inc. bought a new stake in World Wrestling Entertainment in the second quarter valued at approximately $6,938,000. 49.59% of the stock is owned by hedge funds and other institutional investors.
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About World Wrestling Entertainment
World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.
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