Somewhat Favorable Media Coverage Somewhat Unlikely to Impact World Wrestling Entertainment (WWE) Stock Price
Press coverage about World Wrestling Entertainment (NYSE:WWE) has trended somewhat positive on Thursday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. World Wrestling Entertainment earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.080658580317 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- WWE superstars learn about Montgomery Bus Boycott at National Civil Rights Museum (al.com)
- 5 WWE rivalries that ended wrestler’s careers (sportskeeda.com)
- Equities Analysts Offer Predictions for World Wrestling Entertainment, Inc.’s Q2 2018 Earnings (WWE) (americanbankingnews.com)
- World Wrestling Entertainment (WWE) Given “Buy” Rating at MKM Partners (americanbankingnews.com)
- Insider Selling: World Wrestling Entertainment, Inc. (WWE) SVP Sells 1,419 Shares of Stock (americanbankingnews.com)
A number of equities analysts recently issued reports on the stock. MKM Partners reissued a “buy” rating and issued a $44.00 price objective (up previously from $41.00) on shares of World Wrestling Entertainment in a report on Tuesday. KeyCorp raised shares of World Wrestling Entertainment from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a report on Monday. Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Benchmark reissued a “buy” rating and issued a $40.00 price objective (up previously from $28.00) on shares of World Wrestling Entertainment in a report on Friday, February 9th. Finally, Morgan Stanley raised shares of World Wrestling Entertainment from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective on the stock in a report on Tuesday, January 30th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.89.
World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, February 8th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. World Wrestling Entertainment had a net margin of 4.07% and a return on equity of 20.50%. The company had revenue of $211.60 million for the quarter, compared to analysts’ expectations of $208.51 million. During the same quarter last year, the business earned $0.10 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. equities analysts forecast that World Wrestling Entertainment will post 0.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Wednesday, March 14th. World Wrestling Entertainment’s payout ratio is 117.08%.
In other news, CEO Vincent K. Mcmahon sold 3,340,000 shares of World Wrestling Entertainment stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the sale, the chief executive officer now owns 3,340,000 shares in the company, valued at $95,791,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Blake Timothy Bilstad sold 1,419 shares of World Wrestling Entertainment stock in a transaction that occurred on Sunday, February 11th. The shares were sold at an average price of $35.53, for a total transaction of $50,417.07. Following the sale, the senior vice president now owns 24,121 shares in the company, valued at approximately $857,019.13. The disclosure for this sale can be found here. 49.80% of the stock is currently owned by company insiders.
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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