Somewhat Positive Press Coverage Somewhat Unlikely to Affect World Wrestling Entertainment (WWE) Share Price
News articles about World Wrestling Entertainment (NYSE:WWE) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. World Wrestling Entertainment earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.8661184026313 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- ETFs with exposure to World Wrestling Entertainment, Inc. : November 14, 2017 (finance.yahoo.com)
- WrestleMania® Generates Record $181 Million for Orlando Region (finance.yahoo.com)
- WrestleMania generates $181M+ in economic impact for Orlando (finance.yahoo.com)
- Cody Rhodes On Making More Money Now Than In WWE, Jericho Vs. Omega, WWE Owning ‘Cody Rhodes’ Name (wrestlinginc.com)
- Analysts Anticipate World Wrestling Entertainment, Inc. (WWE) Will Announce Quarterly Sales of $205.40 Million (americanbankingnews.com)
Several equities research analysts have weighed in on WWE shares. Benchmark Co. increased their price target on World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of World Wrestling Entertainment in a research report on Tuesday, September 26th. Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of World Wrestling Entertainment in a research report on Tuesday, October 17th. Finally, ValuEngine raised World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. World Wrestling Entertainment currently has a consensus rating of “Buy” and an average price target of $25.25.
World Wrestling Entertainment (NYSE:WWE) traded up $0.01 during trading hours on Thursday, hitting $27.39. The stock had a trading volume of 572,795 shares, compared to its average volume of 552,144. World Wrestling Entertainment has a 52-week low of $18.00 and a 52-week high of $27.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.68 and a quick ratio of 2.62. The firm has a market cap of $2,110.00, a PE ratio of 51.81, a PEG ratio of 2.64 and a beta of 0.86.
World Wrestling Entertainment (NYSE:WWE) last posted its earnings results on Thursday, October 26th. The company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a return on equity of 17.05% and a net margin of 4.56%. The firm had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $176.19 million. During the same period last year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 13.5% on a year-over-year basis. equities research analysts expect that World Wrestling Entertainment will post 0.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, December 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 104.35%.
In related news, SVP Blake Timothy Bilstad sold 1,801 shares of World Wrestling Entertainment stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total value of $47,546.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Basil V. Jr. Devito sold 25,537 shares of World Wrestling Entertainment stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $21.59, for a total value of $551,343.83. Following the completion of the sale, the insider now owns 65,616 shares in the company, valued at $1,416,649.44. The disclosure for this sale can be found here. Insiders have sold a total of 101,899 shares of company stock worth $2,153,189 over the last 90 days. Insiders own 49.80% of the company’s stock.
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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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