Roth Capital Weighs in on TKO Group Holdings, Inc.’s Q4 2024 Earnings (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) – Stock analysts at Roth Capital dropped their Q4 2024 earnings per share estimates for shares of TKO Group in a research note issued on Monday, August 12th. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $0.36 per share for the quarter, down from their previous estimate of $0.47. The consensus estimate for TKO Group’s current full-year earnings is $4.03 per share.

Several other research firms have also weighed in on TKO. Redburn Atlantic assumed coverage on TKO Group in a research report on Thursday, July 18th. They issued a “buy” rating and a $129.00 price objective for the company. TD Cowen lifted their target price on TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley boosted their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. UBS Group raised their price objective on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $119.07.

TKO Group Price Performance

Shares of NYSE TKO opened at $117.11 on Wednesday. The company has a market capitalization of $19.94 billion, a PE ratio of -115.95 and a beta of 1.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group has a twelve month low of $72.33 and a twelve month high of $120.40. The firm has a fifty day simple moving average of $109.10 and a 200 day simple moving average of $98.30.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The company had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. TKO Group’s revenue was up 178.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share.

Hedge Funds Weigh In On TKO Group

Several large investors have recently bought and sold shares of TKO. Fifth Third Bancorp boosted its holdings in TKO Group by 34.0% during the first quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock worth $47,000 after purchasing an additional 138 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in TKO Group by 8.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock worth $152,000 after acquiring an additional 150 shares during the period. Bank of Montreal Can raised its stake in shares of TKO Group by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after purchasing an additional 184 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of TKO Group by 10.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock worth $341,000 after buying an additional 286 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in TKO Group by 1.8% during the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company’s stock valued at $1,486,000 after buying an additional 300 shares during the period. 89.79% of the stock is currently owned by institutional investors.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now directly owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 53.80% of the stock is owned by insiders.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.