World Wrestling Entertainment (NYSE:WWE) Earns Coverage Optimism Rating of 0.05

News articles about World Wrestling Entertainment (NYSE:WWE) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. World Wrestling Entertainment earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.0764095296809 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s rankings:

World Wrestling Entertainment (NYSE WWE) traded up $0.52 during mid-day trading on Monday, reaching $35.36. The company had a trading volume of 992,220 shares, compared to its average volume of 859,424. The company has a current ratio of 2.83, a quick ratio of 2.77 and a debt-to-equity ratio of 0.83. The firm has a market cap of $2,730.00, a P/E ratio of 84.19, a P/E/G ratio of 2.58 and a beta of 0.93. World Wrestling Entertainment has a fifty-two week low of $19.12 and a fifty-two week high of $36.91.

World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $211.60 million during the quarter, compared to analyst estimates of $208.51 million. World Wrestling Entertainment had a return on equity of 20.50% and a net margin of 4.07%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. equities analysts predict that World Wrestling Entertainment will post 0.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, March 14th. World Wrestling Entertainment’s dividend payout ratio is currently 114.29%.

WWE has been the topic of a number of analyst reports. Guggenheim set a $40.00 price target on World Wrestling Entertainment and gave the company a “buy” rating in a research report on Thursday, January 11th. BTIG Research boosted their price objective on World Wrestling Entertainment to $36.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Benchmark boosted their price objective on World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Needham & Company LLC boosted their price objective on World Wrestling Entertainment from $25.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Saturday, February 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. World Wrestling Entertainment currently has an average rating of “Buy” and an average target price of $35.57.

In other World Wrestling Entertainment news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,340,000 shares of the company’s stock, valued at approximately $95,791,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 49.80% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for World Wrestling Entertainment (NYSE:WWE)

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