World Wrestling Entertainment, Inc. (WWE) Expected to Announce Earnings of $0.19 Per Share

Equities analysts expect World Wrestling Entertainment, Inc. (NYSE:WWE) to announce $0.19 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for World Wrestling Entertainment’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.22. World Wrestling Entertainment posted earnings per share of $0.10 in the same quarter last year, which would suggest a positive year over year growth rate of 90%. The business is scheduled to announce its next earnings results on Thursday, February 8th.

On average, analysts expect that World Wrestling Entertainment will report full-year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.57. For the next year, analysts anticipate that the company will report earnings of $0.63 per share, with EPS estimates ranging from $0.42 to $0.79. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last posted its earnings results on Thursday, October 26th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. World Wrestling Entertainment had a return on equity of 17.05% and a net margin of 4.56%. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $176.19 million. During the same quarter in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was up 13.5% on a year-over-year basis.

WWE has been the topic of a number of research analyst reports. Benchmark upped their target price on World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Citigroup downgraded World Wrestling Entertainment from a “buy” rating to a “neutral” rating and upped their target price for the stock from $29.00 to $33.00 in a report on Saturday, December 30th. Guggenheim set a $40.00 target price on World Wrestling Entertainment and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a report on Monday, October 30th. Finally, FBN Securities downgraded World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a report on Monday, October 30th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. World Wrestling Entertainment has an average rating of “Hold” and a consensus target price of $30.43.

World Wrestling Entertainment (NYSE:WWE) opened at $31.89 on Wednesday. World Wrestling Entertainment has a twelve month low of $19.09 and a twelve month high of $33.28. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2,481.30, a P/E ratio of 70.87, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Friday, December 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. World Wrestling Entertainment’s dividend payout ratio is currently 106.67%.

In other news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $28.68, for a total value of $95,791,200.00. Following the sale, the chief executive officer now directly owns 3,340,000 shares of the company’s stock, valued at approximately $95,791,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Blake Timothy Bilstad sold 1,801 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total value of $47,546.40. The disclosure for this sale can be found here. Insiders own 49.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new stake in shares of World Wrestling Entertainment in the 3rd quarter worth approximately $201,000. Cubist Systematic Strategies LLC bought a new stake in shares of World Wrestling Entertainment in the 3rd quarter worth approximately $176,000. Caxton Associates LP boosted its position in shares of World Wrestling Entertainment by 28.6% in the 3rd quarter. Caxton Associates LP now owns 135,000 shares of the company’s stock worth $3,179,000 after purchasing an additional 30,000 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of World Wrestling Entertainment by 15.8% in the 3rd quarter. Engineers Gate Manager LP now owns 42,105 shares of the company’s stock worth $992,000 after purchasing an additional 5,752 shares in the last quarter. Finally, Sirios Capital Management L P boosted its position in shares of World Wrestling Entertainment by 104.7% in the 3rd quarter. Sirios Capital Management L P now owns 599,734 shares of the company’s stock worth $14,124,000 after purchasing an additional 306,719 shares in the last quarter. 49.75% of the stock is currently owned by hedge funds and other institutional investors.

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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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