World Wrestling Entertainment (WWE) Scheduled to Post Earnings on Thursday

World Wrestling Entertainment (NYSE:WWEGet Rating) is set to post its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect World Wrestling Entertainment to post earnings of $0.68 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

World Wrestling Entertainment (NYSE:WWEGet Rating) last posted its quarterly earnings results on Thursday, February 3rd. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.24. World Wrestling Entertainment had a return on equity of 49.31% and a net margin of 16.47%. The business had revenue of $310.30 million for the quarter, compared to analysts’ expectations of $319.28 million. During the same period last year, the firm earned $0.24 earnings per share. On average, analysts expect World Wrestling Entertainment to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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Shares of WWE stock opened at $59.59 on Thursday. World Wrestling Entertainment has a 12-month low of $46.81 and a 12-month high of $70.72. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average price is $59.84 and its 200-day moving average price is $55.40. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 27.98 and a beta of 1.26.

WWE has been the topic of several research reports. Zacks Investment Research cut World Wrestling Entertainment from a “strong-buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a report on Wednesday, April 6th. TheStreet cut World Wrestling Entertainment from a “b-” rating to a “c+” rating in a report on Thursday, January 27th. Benchmark lifted their target price on World Wrestling Entertainment from $68.00 to $71.00 in a report on Friday, February 4th. JPMorgan Chase & Co. lifted their target price on World Wrestling Entertainment from $58.00 to $64.00 in a report on Thursday, April 21st. Finally, StockNews.com assumed coverage on World Wrestling Entertainment in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, World Wrestling Entertainment presently has a consensus rating of “Hold” and an average price target of $63.88.

In other World Wrestling Entertainment news, EVP Bradley Blum sold 9,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was sold at an average price of $60.14, for a total transaction of $589,372.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 41.10% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC purchased a new stake in shares of World Wrestling Entertainment in the fourth quarter valued at approximately $57,000. Lombard Odier Asset Management USA Corp purchased a new stake in shares of World Wrestling Entertainment in the fourth quarter valued at approximately $291,000. MML Investors Services LLC purchased a new stake in shares of World Wrestling Entertainment in the fourth quarter valued at approximately $312,000. Wealthsource Partners LLC boosted its holdings in shares of World Wrestling Entertainment by 2.8% in the fourth quarter. Wealthsource Partners LLC now owns 7,996 shares of the company’s stock valued at $395,000 after purchasing an additional 215 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of World Wrestling Entertainment by 3.4% in the fourth quarter. Amalgamated Bank now owns 33,164 shares of the company’s stock valued at $1,636,000 after purchasing an additional 1,083 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

About World Wrestling Entertainment (Get Rating)

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 through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment.

Further Reading

Earnings History for World Wrestling Entertainment (NYSE:WWE)

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