Several other analysts have also recently commented on WWE. Needham & Company LLC restated a buy rating and set a $25.00 price target on shares of World Wrestling Entertainment in a report on Tuesday, September 26th. BidaskClub cut shares of World Wrestling Entertainment from a buy rating to a hold rating in a report on Wednesday, August 9th. ValuEngine raised shares of World Wrestling Entertainment from a sell rating to a hold rating in a research report on Friday, September 1st. Benchmark Co. reaffirmed a buy rating and set a $25.00 price objective (down previously from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. Finally, Zacks Investment Research raised shares of World Wrestling Entertainment from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. World Wrestling Entertainment currently has a consensus rating of Buy and a consensus price target of $25.25.
Shares of World Wrestling Entertainment (WWE) traded up $0.12 on Tuesday, hitting $26.50. 393,227 shares of the stock traded hands, compared to its average volume of 647,492. The firm has a market cap of $2,020.00, a PE ratio of 49.77, a P/E/G ratio of 2.54 and a beta of 0.86. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.68 and a quick ratio of 2.62. World Wrestling Entertainment has a 12 month low of $16.77 and a 12 month high of $26.87.
World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, October 26th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The company had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $176.19 million. During the same period last year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. equities research analysts forecast that World Wrestling Entertainment will post 0.52 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, December 14th. World Wrestling Entertainment’s dividend payout ratio is 104.35%.
In related news, insider Kevin Dunn sold 72,286 shares of the business’s stock in a transaction 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 transaction, the insider now owns 379,559 shares of the company’s stock, valued at $7,898,622.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Blake Timothy Bilstad sold 1,801 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total transaction of $47,546.40. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock worth $2,255,029 in the last ninety days. 49.80% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. EastBay Asset Management LLC boosted its stake in World Wrestling Entertainment by 153.2% during the second quarter. EastBay Asset Management LLC now owns 1,337,130 shares of the company’s stock worth $27,237,000 after buying an additional 809,130 shares in the last quarter. NGAM Advisors L.P. acquired a new stake in World Wrestling Entertainment during the second quarter worth $207,000. Prudential Financial Inc. boosted its stake in shares of World Wrestling Entertainment by 0.6% in the 1st quarter. Prudential Financial Inc. now owns 65,268 shares of the company’s stock valued at $1,450,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of World Wrestling Entertainment in the 1st quarter valued at $576,000. Finally, Sterling Capital Management LLC boosted its stake in shares of World Wrestling Entertainment by 81.4% in the 2nd quarter. Sterling Capital Management LLC now owns 18,064 shares of the company’s stock valued at $368,000 after purchasing an additional 8,105 shares in the last quarter. Hedge funds and other institutional investors own 49.59% of the company’s stock.
World Wrestling Entertainment Company Profile
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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