World Wrestling Entertainment’s “” Rating Reaffirmed at Benchmark Co. (WWE)
World Wrestling Entertainment (NYSE:WWE)‘s stock had its “” rating reaffirmed by equities research analysts at Benchmark Co. in a research note issued to investors on Thursday. They currently have a $15.25 price target on the stock. Benchmark Co.’s price target would indicate a potential upside of 26.14% from the company’s current price.
Shares of World Wrestling Entertainment (NYSE:WWE) opened at 12.09 on Thursday. World Wrestling Entertainment has a 1-year low of $9.62 and a 1-year high of $31.98. The stock has a 50-day moving average of $11.93 and a 200-day moving average of $19.05. The company’s market cap is $908.6 million.
World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, July 31st. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.20) by $0.02. The company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $157.90 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that World Wrestling Entertainment will post $-0.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, September 11th.
A number of other firms have also recently commented on WWE. Analysts at Vertical Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 21st. Separately, analysts at Vertical Group downgraded shares of World Wrestling Entertainment to a “neutral” rating in a research note on Tuesday, May 20th. Finally, analysts at Hilliard Lyons upgraded shares of World Wrestling Entertainment from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $17.06.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company.
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