World Wrestling Entertainment, Inc. (WWE) Given Consensus Recommendation of “Hold” by Analysts
World Wrestling Entertainment, Inc. (NYSE:WWE) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.23.
Several equities analysts recently commented on the company. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research report on Sunday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research report on Tuesday, April 4th. Citigroup Inc. assumed coverage on World Wrestling Entertainment in a research report on Monday, March 27th. They set a “buy” rating and a $25.00 target price for the company. ValuEngine upgraded World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th.
Several large investors have recently added to or reduced their stakes in WWE. State of Alaska Department of Revenue raised its stake in World Wrestling Entertainment by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 7,601 shares of the company’s stock worth $154,000 after buying an additional 3,351 shares during the period. Creative Planning raised its position in World Wrestling Entertainment by 231.2% in the second quarter. Creative Planning now owns 11,646 shares of the company’s stock worth $237,000 after buying an additional 8,130 shares during the last quarter. Capital One National Association raised its position in World Wrestling Entertainment by 0.8% in the second quarter. Capital One National Association now owns 17,820 shares of the company’s stock worth $363,000 after buying an additional 143 shares during the last quarter. Goldman Sachs Group Inc. raised its position in World Wrestling Entertainment by 149.8% in the first quarter. Goldman Sachs Group Inc. now owns 340,153 shares of the company’s stock worth $7,559,000 after buying an additional 203,985 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in World Wrestling Entertainment during the first quarter worth approximately $2,633,000. 49.64% of the stock is owned by institutional investors.
World Wrestling Entertainment (NYSE:WWE) traded up 1.02% during mid-day trading on Monday, hitting $20.89. 319,671 shares of the stock were exchanged. The firm has a 50-day moving average price of $20.27 and a 200-day moving average price of $20.42. World Wrestling Entertainment has a 12-month low of $16.77 and a 12-month high of $23.14. The stock has a market capitalization of $1.60 billion, a P/E ratio of 77.37 and a beta of 0.82.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.03. World Wrestling Entertainment had a net margin of 2.79% and a return on equity of 11.35%. The company had revenue of $188.40 million for the quarter, compared to the consensus estimate of $183.41 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts predict that World Wrestling Entertainment will post $0.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Thursday, June 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, June 13th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 184.62%.
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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