Equities research analysts predict that World Wrestling Entertainment, Inc. (NYSE:WWE) will announce earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for World Wrestling Entertainment’s earnings, with estimates ranging from $0.17 to $0.22. World Wrestling Entertainment posted earnings of $0.10 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 90%. The firm is expected to report its next earnings report on Thursday, February 8th.

On average, analysts expect that World Wrestling Entertainment will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.54 to $0.57. For the next year, analysts anticipate that the company will report earnings of $0.63 per share, with EPS estimates ranging from $0.42 to $0.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. World Wrestling Entertainment had a return on equity of 17.05% and a net margin of 4.56%. The company had revenue of $186.40 million for the quarter, compared to the consensus estimate of $176.19 million. During the same quarter in the previous year, the business earned $0.14 EPS. World Wrestling Entertainment’s revenue was up 13.5% compared to the same quarter last year.

A number of research analysts have weighed in on WWE shares. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a report on Tuesday, September 26th. Zacks Investment Research downgraded World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of World Wrestling Entertainment in a report on Tuesday, October 17th. FBN Securities downgraded World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a report on Monday, October 30th. Finally, Benchmark upped their target price on World Wrestling Entertainment from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.43.

World Wrestling Entertainment (WWE) opened at $31.89 on Wednesday. World Wrestling Entertainment has a twelve month low of $19.09 and a twelve month high of $33.28. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2,481.30, a PE ratio of 70.87, a P/E/G ratio of 2.56 and a beta of 0.86.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Friday, December 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. World Wrestling Entertainment’s dividend payout ratio is currently 106.67%.

In other news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $28.68, for a total value of $95,791,200.00. Following the sale, the chief executive officer now directly owns 3,340,000 shares of the company’s stock, valued at approximately $95,791,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Blake Timothy Bilstad sold 1,801 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total value of $47,546.40. The disclosure for this sale can be found here. Insiders own 49.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. lifted its position in World Wrestling Entertainment by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock valued at $104,000 after acquiring an additional 51 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in World Wrestling Entertainment in the 3rd quarter valued at approximately $176,000. Piedmont Investment Advisors LLC bought a new position in World Wrestling Entertainment in the 3rd quarter valued at approximately $201,000. FDx Advisors Inc. bought a new position in World Wrestling Entertainment in the 3rd quarter valued at approximately $219,000. Finally, Summit Securities Group LLC bought a new position in World Wrestling Entertainment in the 3rd quarter valued at approximately $236,000. 49.75% of the stock is currently owned by institutional investors and hedge funds.

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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.

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