Endeavor Group Holdings, Inc. (NYSE:EDR) to Issue $0.06 Quarterly Dividend

Endeavor Group Holdings, Inc. (NYSE:EDR) announced a quarterly dividend on Friday, February 14th,RTT News reports. Investors of record on Friday, February 28th will be given a dividend of 0.06 per share on Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.68%.

Endeavor Group has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Endeavor Group to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 18.0%.

Endeavor Group Stock Performance

Shares of EDR stock opened at $35.18 on Friday. The company’s fifty day moving average price is $31.29 and its 200-day moving average price is $29.49. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $24.07 billion, a PE ratio of -17.16 and a beta of 0.74. Endeavor Group has a 12 month low of $23.14 and a 12 month high of $35.99.

Insiders Place Their Bets

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the transaction, the chief accounting officer now directly owns 53,124 shares in the company, valued at $1,624,531.92. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 60,208 shares of Endeavor Group stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the insider now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,535,485 shares of company stock worth $239,160,243. 63.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EDR has been the subject of a number of recent analyst reports. Seaport Res Ptn lowered Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday. StockNews.com downgraded Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.86.

Endeavor Group Company Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.