World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) shares have received an average rating of “Hold” from the thirteen analysts currently covering the company, reports MarketBeat.com. One 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 among brokers who have covered the stock over the past year is $78.40.
Several research analysts have commented on the stock. StockNews.com reported on World Wrestling Entertainment stocks in a research note on Wednesday, October 12. They give the company a “hold” rating. Benchmark raised its price target for World Wrestling Entertainment shares to $83.00 from $80.00 and issued a buy rating on the stock in a research note on Wednesday, August 17. Barclays raised its price target on World Wrestling Entertainment stock to $69.00 from $61.00 and the stock on Wednesday 17th MKM Partners increased its price target on World Wrestling Entertainment stock to 90.00 from $84.00 $ and gave the company a buy rating in a research note on Wednesday, October 19. Finally, Loop Capital raised shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and lowered its price target for the company to $90.00 from $159.00 in a research note on Wednesday, March 3 Aug.
World Wrestling Entertainment trade up 0.7%
WWE shares opened at $76.99 on Monday. The company’s 50-day moving average is $70.63 and its 200-day moving average is $66.12. World Wrestling Entertainment has a 52-week low of $46.91 and a 52-week high of $77.60. The stock has a market cap of $5.73 billion, a P/E of 29.27 and a beta of 1.11. The company has a debt to equity ratio of 0.88, a quick ratio of 1.58 and a current ratio of 1.60.
World Wrestling Entertainment (NYSE:WWE – Get Rating) last released its quarterly earnings data on Tuesday, August 16th. The company reported $0.59 per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $328.20 million for the quarter, compared to analyst estimates of $322.38 million. World Wrestling Entertainment had a net margin of 18.12% and a return on equity of 55.00%. World Wrestling Entertainment’s quarterly revenue increased 23.6% compared to the same quarter last year. In the same period last year, the company generated earnings per share of $0.42. Sell-side analysts expect World Wrestling Entertainment to report earnings per share of 2.49 for the current fiscal year.
World Wrestling Entertainment announces dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Investors of record were paid a dividend of $0.12 on Thursday September 15th. The ex-dividend date of this dividend was Wednesday September 14th. That equates to an annualized dividend of $0.48 and a dividend yield of 0.62%. World Wrestling Entertainment’s RTP is currently 18.25%.
Institutional trade in World Wrestling Entertainment
Institutional investors and hedge funds have recently changed their positions in the company. 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. 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. 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. Parallel Advisors LLC increased its stake in World Wrestling Entertainment by 74.8% in 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. Finally, during the first quarter, Ninety One SA PTY Ltd purchased a new position in World Wrestling Entertainment valued at approximately $46,000. 69.94% of the shares are currently owned by institutional investors.
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.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider World Wrestling Entertainment, you should hear this.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and World Wrestling Entertainment wasn’t on the list.
While World Wrestling Entertainment is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here