TKO Group (NYSE:TKO) Reaches New 12-Month High at $105.05

Shares of TKO Group Holdings, Inc. (NYSE:TKO) hit a new 52-week high on Tuesday . The company traded as high as $105.05 and last traded at $104.48, with a volume of 29163 shares changing hands. The stock had previously closed at $104.13.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Roth Mkm assumed coverage on TKO Group in a research report on Tuesday, September 12th. They issued a “buy” rating and a $132.00 price target for the company. Seaport Res Ptn upgraded TKO Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 12th. UBS Group began coverage on TKO Group in a research report on Friday. They issued a “buy” rating for the company. Finally, Guggenheim began coverage on TKO Group in a research note on Tuesday, September 12th. They set a “buy” rating and a $130.00 price objective on the stock.

TKO Group Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 3.78 and a quick ratio of 3.76. The company has a market cap of $8.66 billion, a P/E ratio of 51.04 and a beta of 1.14.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $410.30 million for the quarter, compared to analyst estimates of $398.54 million. TKO Group had a net margin of 12.65% and a return on equity of 34.50%. Research analysts expect that TKO Group Holdings, Inc. will post 2.65 EPS for the current year.

TKO Group Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 22nd will be paid a dividend of $3.86 per share. The ex-dividend date of this dividend is Thursday, September 21st. TKO Group’s payout ratio is currently 23.53%.

Insiders Place Their Bets

In other TKO Group news, Director Jonathan Kraft purchased 5,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $101.53 per share, with a total value of $507,650.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $507,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 38.90% of the stock is owned by corporate insiders.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces live events, as well as broadcasts to TV households across approximately 170 countries. Its digital offerings include UFC FIGHT PASS, a streaming service for combat sports. The company is also involved in sports entertainment business, including entertainment on television programming, premium live events, digital media, and publishing platforms.