World Wrestling Entertainment, Inc. (NYSE:WWE) issued its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01, MarketWatch Earnings reports. The business had revenue of $214.60 million for the quarter, compared to analyst estimates of $209.28 million. World Wrestling Entertainment had a net margin of 2.79% and a return on equity of 11.35%. World Wrestling Entertainment’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share.

World Wrestling Entertainment (NYSE WWE) traded up 0.97% on Thursday, reaching $21.89. 1,284,669 shares of the company’s stock traded hands. The company has a market cap of $1.67 billion, a PE ratio of 81.07 and a beta of 0.82. The firm’s 50 day moving average price is $20.73 and its 200 day moving average price is $20.71. World Wrestling Entertainment has a 12 month low of $16.77 and a 12 month high of $23.14.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 15th will be issued 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 yield of 2.19%. World Wrestling Entertainment’s payout ratio is 184.62%.

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WWE has been the topic of several research analyst reports. BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research note on Sunday, April 2nd. ValuEngine raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research note on Thursday, May 4th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research note on Tuesday, April 4th. Finally, Morgan Stanley initiated 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 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.98.

Several hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its stake in shares of World Wrestling Entertainment by 4.9% in the second quarter. Great West Life Assurance Co. Can now owns 54,053 shares of the company’s stock worth $1,101,000 after buying an additional 2,524 shares during the period. NGAM Advisors L.P. acquired a new stake in shares of World Wrestling Entertainment during the second quarter worth approximately $207,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of World Wrestling Entertainment by 43.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,620 shares of the company’s stock worth $257,000 after buying an additional 3,830 shares during the period. Aperio Group LLC boosted its stake in shares of World Wrestling Entertainment by 2.1% in the second quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock worth $213,000 after buying an additional 220 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of World Wrestling Entertainment by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 7,601 shares of the company’s stock worth $154,000 after buying an additional 3,351 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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.

Earnings History for World Wrestling Entertainment (NYSE:WWE)

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