World Wrestling Entertainment, Inc. (NYSE:WWE) – Northcoast Research dropped their FY2020 earnings estimates for World Wrestling Entertainment in a research report issued to clients and investors on Monday, September 14th. Northcoast Research analyst J. Healy now expects that the company will post earnings of $1.26 per share for the year, down from their prior estimate of $1.35.
WWE has been the topic of several other reports. Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, August 25th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of World Wrestling Entertainment in a research report on Friday, July 31st. Morgan Stanley boosted their price target on World Wrestling Entertainment from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Citigroup reduced their price target on World Wrestling Entertainment from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, Loop Capital raised World Wrestling Entertainment from a “sell” rating to a “hold” rating and boosted their price target for the stock from $38.00 to $42.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.07.
NYSE WWE opened at $41.15 on Wednesday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 24.64 and a beta of 1.44. World Wrestling Entertainment has a 1-year low of $29.10 and a 1-year high of $76.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.29 and a quick ratio of 1.27. The business’s 50-day simple moving average is $44.16 and its 200-day simple moving average is $42.89.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.37. The business had revenue of $223.40 million for the quarter, compared to analyst estimates of $228.89 million. World Wrestling Entertainment had a return on equity of 48.59% and a net margin of 14.18%.
A number of large investors have recently bought and sold shares of the stock. Two Sigma Advisers LP raised its position in World Wrestling Entertainment by 1,306.4% during the second quarter. Two Sigma Advisers LP now owns 120,947 shares of the company’s stock valued at $5,255,000 after buying an additional 112,347 shares during the period. Handelsbanken Fonder AB acquired a new position in World Wrestling Entertainment during the second quarter valued at $280,000. Nuveen Asset Management LLC raised its position in World Wrestling Entertainment by 5.7% during the second quarter. Nuveen Asset Management LLC now owns 366,776 shares of the company’s stock valued at $15,937,000 after buying an additional 19,932 shares during the period. ArrowMark Colorado Holdings LLC increased its position in World Wrestling Entertainment by 6.0% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 21,200 shares of the company’s stock worth $921,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in World Wrestling Entertainment by 7.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 212,299 shares of the company’s stock worth $9,225,000 after purchasing an additional 13,915 shares during the last quarter. 67.50% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, September 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 56.47%.
World Wrestling Entertainment Company Profile
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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