Equities research analysts expect World Wrestling Entertainment, Inc. (NYSE:WWE) to announce earnings per share of $0.19 for the current quarter, Zacks reports. Three analysts have made estimates for World Wrestling Entertainment’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.17. World Wrestling Entertainment reported earnings per share of $0.10 in the same quarter last year, which would indicate a positive year-over-year growth rate of 90%. The business is expected to announce its next earnings results on Thursday, February 8th.

On average, analysts expect that World Wrestling Entertainment will report full year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.57. For the next financial year, analysts forecast that the business will report earnings of $0.63 per share, with EPS estimates ranging from $0.42 to $0.79. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The business had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Benchmark raised their price objective on shares of World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, September 12th. FBN Securities cut shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 30th. Finally, KeyCorp restated a “hold” rating on shares of World Wrestling Entertainment in a research report on Tuesday, October 17th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. World Wrestling Entertainment has a consensus rating of “Buy” and a consensus target price of $25.25.

In other news, SVP Blake Timothy Bilstad sold 1,801 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total value of $47,546.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 49.80% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. boosted its stake in shares of World Wrestling Entertainment by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock valued at $104,000 after purchasing an additional 51 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in World Wrestling Entertainment during the 3rd quarter worth approximately $176,000. Piedmont Investment Advisors LLC bought a new position in World Wrestling Entertainment during the 3rd quarter worth approximately $201,000. NGAM Advisors L.P. bought a new position in World Wrestling Entertainment during the 2nd quarter worth approximately $207,000. Finally, Aperio Group LLC boosted its stake in World Wrestling Entertainment by 2.1% during the 2nd quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock worth $213,000 after acquiring an additional 220 shares during the last quarter. 49.84% of the stock is currently owned by institutional investors.

Shares of World Wrestling Entertainment (NYSE:WWE) traded up $1.34 during trading on Thursday, hitting $31.88. 1,786,000 shares of the company were exchanged, compared to its average volume of 557,602. The firm has a market cap of $2,460.00, a PE ratio of 57.62, a P/E/G ratio of 2.66 and a beta of 0.87. The company has a quick ratio of 2.62, a current ratio of 2.68 and a debt-to-equity ratio of 0.83. World Wrestling Entertainment has a 1-year low of $18.00 and a 1-year high of $32.10.

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 paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 104.35%.

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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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Earnings History and Estimates for World Wrestling Entertainment (NYSE:WWE)

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