Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) have been assigned an average recommendation of “Buy” from the eighteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $56.00.
WWE has been the subject of several research reports. TheStreet upgraded World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research note on Wednesday, June 17th. Needham & Company LLC raised their price target on shares of World Wrestling Entertainment from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Benchmark raised their price target on shares of World Wrestling Entertainment from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “strong-buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research note on Saturday, June 27th. Finally, Guggenheim reissued a “buy” rating and issued a $60.00 price target on shares of World Wrestling Entertainment in a research note on Friday, April 24th.
In other news, EVP Paul Levesque sold 23,255 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $43.80, for a total value of $1,018,569.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin Dunn sold 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $45.46, for a total transaction of $1,500,180.00. The disclosure for this sale can be found here. Insiders have sold 72,613 shares of company stock worth $3,260,094 over the last ninety days. 40.20% of the stock is owned by insiders.
WWE traded up $1.08 on Tuesday, reaching $46.25. The stock had a trading volume of 381,000 shares, compared to its average volume of 578,695. The business’s 50-day moving average price is $45.23 and its two-hundred day moving average price is $46.85. The company has a market cap of $3.58 billion, a P/E ratio of 36.71 and a beta of 1.49. World Wrestling Entertainment has a 12-month low of $29.10 and a 12-month high of $78.76. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.
World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.06. World Wrestling Entertainment had a return on equity of 40.28% and a net margin of 10.45%. The firm had revenue of $291.00 million during the quarter, compared to analyst estimates of $259.45 million. During the same quarter in the previous year, the business earned ($0.11) EPS. World Wrestling Entertainment’s revenue for the quarter was up 59.5% compared to the same quarter last year. As a group, analysts predict that World Wrestling Entertainment will post 1.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, June 12th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 56.47%.
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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