Equities research analysts forecast that World Wrestling Entertainment, Inc. (NYSE:WWE) will report earnings of $0.20 per share for the current fiscal quarter, according to Zacks. 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 posted earnings of $0.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 42.9%. The firm is expected to announce its next quarterly earnings report before the market opens 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 year, with EPS estimates ranging from $0.45 to $0.48. For the next financial year, analysts anticipate that the company will post earnings of $0.64 per share, with EPS estimates ranging from $0.57 to $0.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow World Wrestling Entertainment.

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

WWE has been the subject of a number of recent research reports. Zacks Investment Research raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Benchmark Co. reissued a “buy” rating and issued a $25.00 price objective (down previously from $26.00) on shares of World Wrestling Entertainment in a research note on Sunday, July 30th. BidaskClub downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of World Wrestling Entertainment in a research note on Tuesday, September 26th. Finally, KeyCorp reissued a “hold” rating on shares of World Wrestling Entertainment in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.38.

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In other news, EVP Casey Collins sold 13,383 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $21.23, for a total transaction of $284,121.09. Following the transaction, the executive vice president now directly owns 43,926 shares of the company’s stock, valued at $932,548.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO Michelle D. Wilson sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $21.25, for a total value of $1,168,750.00. Following the transaction, the executive now directly owns 436,174 shares in the company, valued at $9,268,697.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 173,231 shares of company stock worth $3,660,354. Insiders own 49.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Lindsell Train Ltd increased its position in shares of World Wrestling Entertainment by 4.2% during the second quarter. Lindsell Train Ltd now owns 7,082,868 shares of the company’s stock worth $144,278,000 after purchasing an additional 286,635 shares in the last quarter. BlackRock Inc. increased its position in shares of World Wrestling Entertainment by 1.4% during the second quarter. BlackRock Inc. now owns 4,487,555 shares of the company’s stock worth $91,410,000 after purchasing an additional 61,167 shares in the last quarter. Morgan Stanley increased its position in shares of World Wrestling Entertainment by 22.5% during the first quarter. Morgan Stanley now owns 1,807,629 shares of the company’s stock worth $40,165,000 after purchasing an additional 331,584 shares in the last quarter. EastBay Asset Management LLC increased its position in shares of 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 purchasing an additional 809,130 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. increased its position in shares of 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 purchasing an additional 460,117 shares in the last quarter. 49.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of World Wrestling Entertainment (NYSE WWE) traded down 2.14% on Tuesday, hitting $22.00. The stock had a trading volume of 260,146 shares. The company has a market cap of $1.70 billion, a P/E ratio of 67.07 and a beta of 0.84. World Wrestling Entertainment has a 52-week low of $16.77 and a 52-week high of $23.88. The company has a 50-day moving average of $22.67 and a 200-day moving average of $21.29.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, December 14th. World Wrestling Entertainment’s payout ratio is presently 154.84%.

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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