Equities research analysts expect World Wrestling Entertainment, Inc. (NYSE:WWE) to post earnings of $0.06 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for World Wrestling Entertainment’s earnings, with estimates ranging from $0.05 to $0.07. World Wrestling Entertainment reported earnings per share of $0.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 500%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that World Wrestling Entertainment will report full year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.51. For the next year, analysts expect that the business will report earnings of $0.60 per share, with EPS estimates ranging from $0.57 to $0.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $188.40 million during the quarter, compared to analyst estimates of $183.41 million. World Wrestling Entertainment had a return on equity of 11.35% and a net margin of 2.79%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS.

Several brokerages have recently weighed in on WWE. ValuEngine downgraded shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley began coverage on shares of World Wrestling Entertainment in a report on Friday, June 30th. They issued an “equal weight” rating and a $23.00 target price on the stock. TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a report on Thursday, May 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of World Wrestling Entertainment in a report on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. World Wrestling Entertainment has an average rating of “Hold” and an average price target of $23.98.

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Shares of World Wrestling Entertainment (WWE) traded down 0.38% on Friday, hitting $21.21. 537,946 shares of the company’s stock were exchanged. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 78.56 and a beta of 0.82. The company’s 50-day moving average price is $20.63 and its 200 day moving average price is $20.62. World Wrestling Entertainment has a 12-month low of $16.77 and a 12-month high of $23.14.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio is currently 184.62%.

A number of hedge funds have recently added to or reduced their stakes in the company. Comerica Bank increased its stake in World Wrestling Entertainment by 9.8% in the fourth quarter. Comerica Bank now owns 40,814 shares of the company’s stock worth $795,000 after buying an additional 3,643 shares in the last quarter. State Street Corp increased its stake in World Wrestling Entertainment by 7.7% in the fourth quarter. State Street Corp now owns 756,551 shares of the company’s stock worth $13,922,000 after buying an additional 54,238 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in World Wrestling Entertainment by 305.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,266 shares of the company’s stock worth $3,666,000 after buying an additional 150,137 shares in the last quarter. New York State Teachers Retirement System increased its stake in World Wrestling Entertainment by 9.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,700 shares of the company’s stock worth $270,000 after buying an additional 1,300 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in World Wrestling Entertainment by 10.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,700 shares of the company’s stock worth $381,000 after buying an additional 1,880 shares in the last quarter. 49.59% of the stock is currently owned by hedge funds and other institutional investors.

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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