Q3 2024 EPS Estimates for TKO Group Holdings, Inc. Cut by Analyst (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) – Investment analysts at Seaport Res Ptn lowered their Q3 2024 EPS estimates for TKO Group in a research note issued on Sunday, August 11th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of $0.63 for the quarter, down from their prior forecast of $0.82. The consensus estimate for TKO Group’s current full-year earnings is $4.03 per share. Seaport Res Ptn also issued estimates for TKO Group’s Q4 2024 earnings at $0.30 EPS, Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $3.56 EPS.

Several other analysts have also weighed in on TKO. JPMorgan Chase & Co. lifted their price objective on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. UBS Group upped their price objective on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 9th. Redburn Atlantic initiated coverage on TKO Group in a research note on Thursday, July 18th. They issued a “buy” rating and a $129.00 target price for the company. Roth Mkm upped their price target on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Morgan Stanley raised their price objective on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.07.

TKO Group Price Performance

Shares of TKO opened at $117.11 on Wednesday. The firm has a market cap of $19.94 billion, a PE ratio of -115.95 and a beta of 1.04. TKO Group has a 52-week low of $72.33 and a 52-week high of $120.40. The business’s 50 day moving average price is $109.10 and its two-hundred day moving average price is $98.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same period last year, the business posted $0.91 earnings per share. The business’s revenue was up 178.9% on a year-over-year basis.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp grew its stake in TKO Group by 34.0% in the 1st quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock valued at $47,000 after purchasing an additional 138 shares during the period. Picton Mahoney Asset Management grew its position in TKO Group by 8.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock valued at $152,000 after buying an additional 150 shares during the period. Bank of Montreal Can increased its holdings in TKO Group by 2.8% during the second quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after buying an additional 184 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in TKO Group by 10.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock worth $341,000 after acquiring an additional 286 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in TKO Group by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company’s stock valued at $1,486,000 after acquiring an additional 300 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the transaction, the director now directly owns 220,018 shares in the company, valued at $23,218,499.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 53.80% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.