Analysts expect that World Wrestling Entertainment, Inc. (NYSE:WWE) will announce sales of $204.50 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for World Wrestling Entertainment’s earnings, with estimates ranging from $203.50 million to $205.50 million. World Wrestling Entertainment posted sales of $199.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The company is scheduled to issue its next earnings results before the market opens on Thursday, July 27th.

On average, analysts expect that World Wrestling Entertainment will report full-year sales of $204.50 million for the current fiscal year, with estimates ranging from $766.80 million to $782.01 million. For the next financial year, analysts forecast that the company will report sales of $821.75 million per share, with estimates ranging from $800.40 million to $840.64 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow World Wrestling Entertainment.

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

Several research firms have recently weighed in on WWE. ValuEngine lowered 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 research note on Friday, June 30th. They set an “equal weight” rating and a $23.00 price target on the stock. TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research note on Thursday, May 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of World Wrestling Entertainment in a research note on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.98.

World Wrestling Entertainment (NYSE:WWE) opened at 21.21 on Friday. The stock has a 50 day moving average price of $20.63 and a 200-day moving average price of $20.62. The stock has a market cap of $1.62 billion, a P/E ratio of 78.56 and a beta of 0.82. World Wrestling Entertainment has a 12-month low of $16.77 and a 12-month high of $23.14.

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

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Hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in World Wrestling Entertainment by 8.3% in the first quarter. Swiss National Bank now owns 60,200 shares of the company’s stock valued at $1,338,000 after buying an additional 4,600 shares during the period. Comerica Bank boosted its position in shares of World Wrestling Entertainment by 3.9% in the first quarter. Comerica Bank now owns 42,417 shares of the company’s stock worth $913,000 after buying an additional 1,603 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in shares of World Wrestling Entertainment by 14.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 22,789 shares of the company’s stock worth $506,000 after buying an additional 2,858 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of World Wrestling Entertainment by 9.1% in the first quarter. Great West Life Assurance Co. Can now owns 51,529 shares of the company’s stock worth $1,144,000 after buying an additional 4,296 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its position in shares of World Wrestling Entertainment by 3.3% in the first quarter. North Star Investment Management Corp. now owns 63,000 shares of the company’s stock worth $1,400,000 after buying an additional 2,000 shares during the last quarter. 49.59% of the stock is currently owned by institutional investors and hedge funds.

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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