Analysts expect World Wrestling Entertainment, Inc. (NYSE:WWE) to report earnings per share of $0.20 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for World Wrestling Entertainment’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.18. World Wrestling Entertainment reported earnings of $0.14 per share in the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The business is expected to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that World Wrestling Entertainment will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.45 to $0.48. For the next financial year, analysts forecast that the firm will report earnings of $0.64 per share, with EPS estimates ranging from $0.57 to $0.74. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, July 27th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $214.60 million for the quarter, compared to the consensus estimate of $209.28 million. World Wrestling Entertainment had a return on equity of 13.07% and a net margin of 3.29%. World Wrestling Entertainment’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS.

Several analysts recently issued reports on the stock. ValuEngine lowered shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, July 31st. Benchmark Co. restated a “buy” rating and issued a $25.00 target price (down previously from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. Finally, Morgan Stanley initiated coverage on shares of World Wrestling Entertainment in a research report on Friday, June 30th. They issued an “equal weight” rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.38.

Shares of World Wrestling Entertainment (NYSE:WWE) traded up 1.72% on Friday, hitting $22.44. The stock had a trading volume of 752,848 shares. The firm has a market capitalization of $1.73 billion, a P/E ratio of 68.41 and a beta of 0.79. The company has a 50 day moving average of $21.38 and a 200-day moving average of $20.98. World Wrestling Entertainment has a 12-month low of $16.77 and a 12-month high of $23.14.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.14%. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 154.84%.

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In other news, EVP Casey Collins sold 13,383 shares of World Wrestling Entertainment stock in a transaction on Monday, July 31st. The shares were sold at an average price of $21.23, for a total transaction of $284,121.09. Following the transaction, the executive vice president now owns 43,926 shares in the company, valued at $932,548.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Basil V. Jr. Devito sold 25,537 shares of World Wrestling Entertainment stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $21.59, for a total transaction of $551,343.83. Following the transaction, the insider now owns 65,616 shares in the company, valued at approximately $1,416,649.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,231 shares of company stock worth $3,660,354. 49.80% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of WWE. BlackRock Inc. lifted its holdings in shares of World Wrestling Entertainment by 116,814.6% during the first quarter. BlackRock Inc. now owns 4,426,388 shares of the company’s stock worth $98,355,000 after purchasing an additional 4,422,602 shares during the period. EastBay Asset Management LLC raised its stake in World Wrestling Entertainment by 153.2% during the second quarter. EastBay Asset Management LLC now owns 1,337,130 shares of the company’s stock worth $27,237,000 after buying an additional 809,130 shares during the last quarter. Davidson Kempner Capital Management LP raised its stake in World Wrestling Entertainment by 286.7% during the second quarter. Davidson Kempner Capital Management LP now owns 725,000 shares of the company’s stock worth $14,768,000 after buying an additional 537,500 shares during the last quarter. Eagle Boston Investment Management Inc. raised its stake in World Wrestling Entertainment by 100.8% during the second quarter. Eagle Boston Investment Management Inc. now owns 916,673 shares of the company’s stock worth $19,516,000 after buying an additional 460,117 shares during the last quarter. Finally, Heartland Advisors Inc. bought a new position in World Wrestling Entertainment during the second quarter worth $6,938,000. Institutional investors own 49.50% of the company’s stock.

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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