World Wrestling Entertainment, Inc. (NYSE:WWE) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.12 per share on Thursday, December 26th. This represents a $0.48 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, December 12th.
Shares of World Wrestling Entertainment stock traded down $0.43 on Tuesday, hitting $62.26. 25,553 shares of the company’s stock traded hands, compared to its average volume of 1,110,309. The firm’s 50-day moving average price is $60.90 and its two-hundred day moving average price is $69.21. The stock has a market capitalization of $4.92 billion, a PE ratio of 55.49 and a beta of 1.34. World Wrestling Entertainment has a one year low of $52.69 and a one year high of $100.45. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.17 and a quick ratio of 1.15.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.07. World Wrestling Entertainment had a net margin of 5.38% and a return on equity of 15.29%. The business had revenue of $186.30 million during the quarter, compared to analysts’ expectations of $192.19 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts forecast that World Wrestling Entertainment will post 0.9 earnings per share for the current fiscal year.
A number of analysts recently commented on the stock. Evercore ISI assumed coverage on shares of World Wrestling Entertainment in a research report on Wednesday, September 4th. They issued an “outperform” rating and a $90.00 price objective for the company. Benchmark reduced their target price on shares of World Wrestling Entertainment from $90.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wells Fargo & Co reduced their target price on shares of World Wrestling Entertainment from $94.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $88.00 target price (down from $100.00) on shares of World Wrestling Entertainment in a research note on Wednesday, October 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of World Wrestling Entertainment in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $90.63.
About World Wrestling Entertainment
World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.
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