Analysts expect that World Wrestling Entertainment, Inc. (NYSE:WWE) will announce $0.06 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for World Wrestling Entertainment’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.05. World Wrestling Entertainment posted earnings per share of $0.01 in the same quarter last year, which would indicate a positive year over year growth rate of 500%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 27th.

According to Zacks, analysts expect that World Wrestling Entertainment will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.43 to $0.45. For the next financial year, analysts expect that the business will post earnings of $0.63 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, May 4th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.03. World Wrestling Entertainment had a net margin of 2.79% and a return on equity of 11.35%. The company had revenue of $188.40 million for the quarter, compared to the consensus estimate of $183.41 million. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis.

Several brokerages recently issued reports on WWE. Citigroup Inc. began coverage on shares of World Wrestling Entertainment in a research report on Monday, March 27th. They set a “buy” rating and a $25.00 target price for the company. TheStreet upgraded shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research report on Tuesday, April 4th. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research report on Sunday, April 2nd. Finally, ValuEngine upgraded shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.11.

A number of hedge funds and other institutional investors have recently bought and sold shares of WWE. Goldman Sachs Group Inc. increased its position in World Wrestling Entertainment by 149.8% in the first quarter. Goldman Sachs Group Inc. now owns 340,153 shares of the company’s stock valued at $7,559,000 after buying an additional 203,985 shares in the last quarter. Jane Street Group LLC bought a new position in World Wrestling Entertainment during the first quarter valued at approximately $2,633,000. Highbridge Capital Management LLC bought a new position in World Wrestling Entertainment during the first quarter valued at approximately $2,792,000. Nomura Holdings Inc. bought a new position in World Wrestling Entertainment during the first quarter valued at approximately $415,000. Finally, State Street Corp increased its position in World Wrestling Entertainment by 9.3% in the first quarter. State Street Corp now owns 826,608 shares of the company’s stock valued at $18,368,000 after buying an additional 70,057 shares in the last quarter. 49.64% of the stock is currently owned by institutional investors.

World Wrestling Entertainment (WWE) traded down 1.26% on Tuesday, hitting $20.38. 284,282 shares of the stock were exchanged. World Wrestling Entertainment has a 12 month low of $16.77 and a 12 month high of $23.14. The company has a 50-day moving average of $20.25 and a 200-day moving average of $20.39. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 75.48 and a beta of 0.79.

The business also recently declared a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Thursday, June 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Tuesday, June 13th. World Wrestling Entertainment’s dividend payout ratio is presently 184.62%.

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World Wrestling Entertainment Company Profile

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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