TKO Group Holdings, Inc. (TKO) To Go Ex-Dividend on March 16th

TKO Group Holdings, Inc. (NYSE:TKO) announced a quarterly dividend on Wednesday, March 4th. Investors of record on Monday, March 16th will be paid a dividend of 0.78 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, March 16th.

TKO Group has increased its dividend payment by an average of 0.4%annually over the last three years. TKO Group has a dividend payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect TKO Group to earn $3.15 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 99.0%.

TKO Group Trading Down 2.1%

NYSE:TKO opened at $211.71 on Friday. The company has a market capitalization of $41.30 billion, a P/E ratio of 94.09 and a beta of 0.66. The stock’s 50 day moving average price is $207.84 and its 200 day moving average price is $198.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. TKO Group has a 52 week low of $133.07 and a 52 week high of $226.94.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. TKO Group’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts forecast that TKO Group will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley set a $210.00 target price on shares of TKO Group in a research report on Thursday, December 18th. BTIG Research lowered their price objective on TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Susquehanna reissued a “positive” rating and issued a $251.00 price objective on shares of TKO Group in a research note on Monday, January 19th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 target price on shares of TKO Group in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. increased their price target on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $231.40.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.