World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) stock has received an average recommendation of “Hold” from the thirteen brokers currently covering the company, reports Marketbeat.com. One equities research analyst has rated the stock with a sell rating, four with a hold rating and five with a buy rating. The average 12-month target price set by analysts who have covered the stock for the past year is $78.70.
WWE has been the subject of a number of recent analyst reports. Wolfe Research upgraded World Wrestling Entertainment from a peer perform rating to an outperform rating and on Thursday, August 8th Northcoast Research downgraded World Wrestling Entertainment in a research note of one on Thursday, August 18th “Buy” rating to a “Neutral” rating. They determined that the move was an evaluation call. Citigroup raised its price target for World Wrestling Entertainment to $86.00 in a research note on Tuesday. Loop Capital upgraded World Wrestling Entertainment’s rating from a “hold” to a “buy” rating in a research note on Wednesday, August 3 and lowered its price target on the stock to $90.00 from $159.00 . Finally, Barclays raised its price target on World Wrestling Entertainment to $69.00 from $61.00 and gave the stock a breakeven weight rating in a research note on Wednesday, August 17.
Institutional trade in World Wrestling Entertainment
Major investors recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in World Wrestling Entertainment by 270.3% in the first quarter. Quadrant Capital Group LLC now owns 437 shares of the company’s stock valued at $27,000 after purchasing an additional 319 shares last quarter. Allworth Financial LP increased its stake in World Wrestling Entertainment by 84.4% in the third quarter. Allworth Financial LP now owns 402 shares of the company’s stock valued at $28,000 after purchasing an additional 184 shares last quarter. Signaturefd LLC increased its stake in World Wrestling Entertainment by 67.6% in the first quarter. Signaturefd LLC now owns 491 shares of the company’s stock valued at $31,000 after purchasing an additional 198 shares last quarter. Wipfli Financial Advisors LLC acquired a new $32,000 stake in World Wrestling Entertainment during the third quarter. Finally, Parallel Advisors LLC increased its stake in World Wrestling Entertainment by 74.8% during the first quarter. Parallel Advisors LLC now owns 589 shares of the company’s stock valued at $37,000 after purchasing an additional 252 shares last quarter. 69.94% of the shares are currently owned by institutional investors and hedge funds.
World Wrestling Entertainment value for money
WWE stock opened at $77.00 on Friday. World Wrestling Entertainment has a 1 year low of $46.91 and a 1 year high of $79.83. The company has a debt to equity ratio of 0.82, a quick ratio of 1.46 and a current ratio of 1.46. The 50-day moving average price of the stock is $73.54 and the 200-day moving average price is $68.17. The company has a market cap of $5.73 billion, a P/E of 29.62 and a beta of 1.11.
World Wrestling Entertainment (NYSE:WWE – Get Rating) last released its earnings results on Tuesday, August 16th. The company reported earnings per share (EPS) of $0.59 for the quarter, beating analyst consensus estimates of $0.56 by $0.03. World Wrestling Entertainment had a return on equity of 54.64% and a net margin of 17.29%. The company had revenue of $328.20 million for the quarter, compared to analyst estimates of $322.38 million. In the same quarter last year, the company earned $0.42 per share. World Wrestling Entertainment revenue increased 23.6% year over year. On average, sell-side analysts expect World Wrestling Entertainment to report earnings per share of 2.57 for the current fiscal year.
World Wrestling Entertainment announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 27th. Investors of record on Thursday, December 15 will receive a dividend of $0.12. The ex-dividend date of this dividend is Wednesday December 14th. That equates to an annualized dividend of $0.48 and a yield of 0.62%. World Wrestling Entertainment’s payout percentage is currently 18.46%.
Company profile of World Wrestling Entertainment
World Wrestling Entertainment, Inc, an integrated media and entertainment company, is engaged in the sports entertainment business in North America, Europe, the Middle East, Africa, Asia Pacific and Latin America. It operates through three segments: Media, Live Events and Consumer Goods. The Media segment is engaged in the production and monetization of long and short video content across various platforms including WWE Network, broadcast and pay television, as well as digital and social media and filmed entertainment.
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