Wall Street analysts forecast that World Wrestling Entertainment, Inc. (NYSE:WWE) will announce sales of $205.85 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for World Wrestling Entertainment’s earnings. The lowest sales estimate is $201.50 million and the highest is $209.30 million. World Wrestling Entertainment posted sales of $194.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The business is scheduled to issue its next earnings report on Thursday, February 8th.
On average, analysts expect that World Wrestling Entertainment will report full year sales of $205.85 million for the current fiscal year, with estimates ranging from $767.75 million to $796.12 million. For the next year, analysts anticipate that the business will report sales of $836.33 million per share, with estimates ranging from $820.02 million to $849.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover World Wrestling Entertainment.
World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.08. The firm had revenue of $186.40 million for the quarter, compared to analyst estimates of $176.19 million. World Wrestling Entertainment had a net margin of 4.56% and a return on equity of 17.05%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share.
In related news, SVP Blake Timothy Bilstad sold 1,801 shares of World Wrestling Entertainment stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total value of $47,546.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 49.80% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinebridge Investments L.P. raised its holdings in World Wrestling Entertainment by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock worth $104,000 after acquiring an additional 51 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of World Wrestling Entertainment during the 3rd quarter worth about $176,000. Piedmont Investment Advisors LLC bought a new position in shares of World Wrestling Entertainment during the 3rd quarter worth about $201,000. NGAM Advisors L.P. bought a new position in shares of World Wrestling Entertainment during the 2nd quarter worth about $207,000. Finally, Aperio Group LLC increased its holdings in shares of World Wrestling Entertainment by 2.1% during the 2nd quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock worth $213,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 49.84% of the company’s stock.
World Wrestling Entertainment (NYSE:WWE) opened at $32.41 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.68 and a quick ratio of 2.62. The stock has a market cap of $2,468.20, a P/E ratio of 60.40, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87. World Wrestling Entertainment has a 12-month low of $18.00 and a 12-month high of $32.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, December 14th. World Wrestling Entertainment’s payout ratio is presently 106.67%.
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About World Wrestling Entertainment
World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.
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