$205.85 Million in Sales Expected for World Wrestling Entertainment, Inc. (WWE) This Quarter

Equities analysts expect that World Wrestling Entertainment, Inc. (NYSE:WWE) will post $205.85 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for World Wrestling Entertainment’s earnings, with the lowest sales estimate coming in at $201.50 million and the highest estimate coming in at $209.30 million. World Wrestling Entertainment posted sales of $194.90 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that World Wrestling Entertainment will report full-year sales of $205.85 million for the current year, with estimates ranging from $767.75 million to $796.12 million. For the next year, analysts anticipate that the firm will post sales of $836.27 million per share, with estimates ranging from $820.02 million to $849.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover World Wrestling Entertainment.

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

A number of research firms have recently issued reports on WWE. JPMorgan Chase & Co. began coverage on shares of World Wrestling Entertainment in a research note on Wednesday, December 6th. They set an “overweight” rating for the company. Citigroup cut shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, December 22nd. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research note on Tuesday, September 26th. Wells Fargo & Co upgraded shares of World Wrestling Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 4th. Finally, BTIG Research raised their target price on shares of World Wrestling Entertainment to $36.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. World Wrestling Entertainment currently has an average rating of “Hold” and an average target price of $30.43.

World Wrestling Entertainment (WWE) traded up $0.38 during midday trading on Friday, hitting $33.20. 436,900 shares of the stock were exchanged, compared to its average volume of 848,050. 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 firm has a market cap of $2,530.65, a PE ratio of 73.78, a PEG ratio of 2.61 and a beta of 0.86. World Wrestling Entertainment has a one year low of $19.12 and a one year high of $33.33.

In other World Wrestling Entertainment news, SVP Blake Timothy Bilstad sold 1,801 shares of World Wrestling Entertainment stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total value of $47,546.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent K. Mcmahon sold 3,340,000 shares of World Wrestling Entertainment stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the completion of the sale, the chief executive officer now owns 3,340,000 shares of the company’s stock, valued at approximately $95,791,200. The disclosure for this sale can be found here. 49.80% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in shares of World Wrestling Entertainment in the 4th quarter valued at approximately $2,821,000. Schwab Charles Investment Management Inc. raised its position in shares of World Wrestling Entertainment by 10.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 185,045 shares of the company’s stock valued at $5,659,000 after buying an additional 17,320 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of World Wrestling Entertainment in the 3rd quarter valued at approximately $201,000. Cubist Systematic Strategies LLC acquired a new position in shares of World Wrestling Entertainment in the 3rd quarter valued at approximately $176,000. Finally, Caxton Associates LP raised its position in shares of World Wrestling Entertainment by 28.6% in the 3rd quarter. Caxton Associates LP now owns 135,000 shares of the company’s stock valued at $3,179,000 after buying an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 49.75% of the company’s stock.

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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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