World Wrestling Entertainment (NYSE:WWE) released its earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01, Morningstar.com reports. The company had revenue of $211.60 million for the quarter, compared to the consensus estimate of $208.51 million. World Wrestling Entertainment had a return on equity of 17.05% and a net margin of 4.56%. World Wrestling Entertainment’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share.
Shares of World Wrestling Entertainment (NYSE WWE) traded up $1.00 during trading on Friday, hitting $34.84. The stock had a trading volume of 842,870 shares, compared to its average volume of 848,296. World Wrestling Entertainment has a fifty-two week low of $19.12 and a fifty-two week high of $36.91. The stock has a market capitalization of $2,690.00, a P/E ratio of 84.98, a price-to-earnings-growth ratio of 2.57 and a beta of 0.93. The company has a quick ratio of 2.62, a current ratio of 2.68 and a debt-to-equity ratio of 0.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Thursday, March 15th will be given a $0.12 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.38%. World Wrestling Entertainment’s payout ratio is 117.07%.
In other news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,340,000 shares in the company, valued at $95,791,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 49.80% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC lifted its position in shares of World Wrestling Entertainment by 31.6% in the fourth quarter. LS Investment Advisors LLC now owns 6,296 shares of the company’s stock valued at $193,000 after acquiring an additional 1,512 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of World Wrestling Entertainment by 7.1% in the second quarter. Thrivent Financial For Lutherans now owns 23,290 shares of the company’s stock valued at $474,000 after acquiring an additional 1,550 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of World Wrestling Entertainment by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 31,110 shares of the company’s stock valued at $634,000 after acquiring an additional 1,846 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of World Wrestling Entertainment by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 37,585 shares of the company’s stock worth $1,149,000 after purchasing an additional 2,281 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of World Wrestling Entertainment by 0.8% in the third quarter. Principal Financial Group Inc. now owns 314,605 shares of the company’s stock worth $7,409,000 after purchasing an additional 2,378 shares during the last quarter. Institutional investors and hedge funds own 49.95% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “World Wrestling Entertainment (WWE) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2018/02/09/world-wrestling-entertainment-wwe-releases-quarterly-earnings-results-beats-estimates-by-0-01-eps.html.
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.
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.