A number of other equities analysts also recently issued reports on WWE. BTIG Research increased their price objective on shares of World Wrestling Entertainment to $36.00 and gave the company a buy rating in a research note on Monday, January 8th. Needham & Company LLC reiterated a buy rating and set a $25.00 price objective on shares of World Wrestling Entertainment in a research note on Tuesday, September 26th. Wells Fargo & Co upgraded shares of World Wrestling Entertainment from a market perform rating to an outperform rating in a research note on Thursday, January 4th. KeyCorp reiterated a hold rating on shares of World Wrestling Entertainment in a research note on Tuesday, October 17th. Finally, Benchmark increased 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 note on Tuesday, October 31st. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $30.43.
World Wrestling Entertainment (NYSE:WWE) opened at $32.18 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.62 and a current ratio of 2.68. World Wrestling Entertainment has a one year low of $18.71 and a one year high of $33.28. The stock has a market cap of $2,481.30, a P/E ratio of 60.72, a PEG ratio of 2.56 and a beta of 0.86.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $176.19 million. During the same period last year, the firm earned $0.14 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. analysts predict that World Wrestling Entertainment will post 0.58 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Friday, December 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.48 annualized dividend and a yield of 1.49%. World Wrestling Entertainment’s dividend payout ratio (DPR) is 106.67%.
In other World Wrestling Entertainment news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $28.68, for a total value of $95,791,200.00. Following the completion of the transaction, the chief executive officer now owns 3,340,000 shares of the company’s stock, valued at $95,791,200. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Blake Timothy Bilstad sold 1,801 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total transaction of $47,546.40. The disclosure for this sale can be found here. 49.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. raised its holdings in shares of World Wrestling Entertainment by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock worth $104,000 after buying an additional 51 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of World Wrestling Entertainment in the third quarter worth $176,000. Piedmont Investment Advisors LLC purchased a new position in shares of World Wrestling Entertainment in the third quarter worth $201,000. FDx Advisors Inc. purchased a new position in shares of World Wrestling Entertainment in the third quarter worth $219,000. Finally, Summit Securities Group LLC purchased a new position in shares of World Wrestling Entertainment in the third quarter worth $236,000. 49.75% of the stock is owned by institutional investors and hedge funds.
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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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