World Wrestling Entertainment, Inc. (NYSE:WWE) – Equities research analysts at Northcoast Research lowered their Q3 2020 earnings per share estimates for shares of World Wrestling Entertainment in a report released on Monday, September 14th. Northcoast Research analyst J. Healy now forecasts that the company will earn $0.14 per share for the quarter, down from their previous estimate of $0.19. Northcoast Research also issued estimates for World Wrestling Entertainment’s Q4 2020 earnings at $0.26 EPS.
Several other analysts have also issued reports on the stock. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, August 25th. TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research report on Wednesday, June 17th. Citigroup lowered their price target on shares of 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. Guggenheim boosted their price target on shares of World Wrestling Entertainment from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Morgan Stanley boosted their price objective on shares of World Wrestling Entertainment from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. World Wrestling Entertainment has a consensus rating of “Buy” and an average price target of $55.07.
NYSE WWE opened at $41.08 on Tuesday. The company’s 50 day moving average is $44.08 and its 200-day moving average is $42.84. World Wrestling Entertainment has a 12-month low of $29.10 and a 12-month high of $76.44. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 1.14. The firm has a market cap of $3.20 billion, a P/E ratio of 24.60 and a beta of 1.44.
World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.37. World Wrestling Entertainment had a net margin of 14.18% and a return on equity of 48.59%. The company had revenue of $223.40 million for the quarter, compared to analyst estimates of $228.89 million.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 15th will be paid a $0.12 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.17%. World Wrestling Entertainment’s dividend payout ratio is presently 56.47%.
Hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC purchased a new position in World Wrestling Entertainment in the 2nd quarter worth approximately $28,000. Macquarie Group Ltd. purchased a new stake in shares of World Wrestling Entertainment in the 2nd quarter valued at $50,000. PNC Financial Services Group Inc. boosted its stake in shares of World Wrestling Entertainment by 24.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,465 shares of the company’s stock valued at $50,000 after purchasing an additional 288 shares in the last quarter. Stephenson National Bank & Trust boosted its stake in shares of World Wrestling Entertainment by 26.4% in the 2nd quarter. Stephenson National Bank & Trust now owns 1,946 shares of the company’s stock valued at $85,000 after purchasing an additional 407 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new stake in shares of World Wrestling Entertainment in the 2nd quarter valued at $99,000. 67.50% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Understanding Market Liquidity
Receive News & Ratings for World Wrestling Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Wrestling Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.