World Wrestling Entertainment Inc. Reaches New 12-Month High at $11.55 (WWE)
World Wrestling Entertainment (NYSE:WWE) set a new 52-week high during trading hours on Thursday, AR Network reports. The company traded as high as $11.55 and last traded at $11.53, with a volume of 137,184 shares. The stock had previously closed at $11.24.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of World Wrestling Entertainment from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 20th. They now have a $10.00 price target on the stock. Separately, analysts at Roth Capital upgraded shares of World Wrestling Entertainment from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $13.00 price target on the stock, up previously from $10.00.
In other World Wrestling Entertainment news, EVP Stephanie Levesque sold 6,849 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.87, for a total transaction of $74,448.63. Following the sale, the executive vice president now directly owns 51,945 shares in the company, valued at approximately $564,642. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
World Wrestling Entertainment has a 52 week low of $7.50 and a 52 week high of $11.55. The stock’s 50-day moving average is $10.37 and its 200-day moving average is $9.94. The company has a market cap of $865.8 million and a price-to-earnings ratio of 67.71.
World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.07. The company had revenue of $152.30 million for the quarter, compared to the consensus estimate of $138.40 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts expect that World Wrestling Entertainment will post $0.14 EPS for the current fiscal year.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company, principally engaged in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands.
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