Equities analysts forecast that World Wrestling Entertainment, Inc. (NYSE:WWE) will report sales of $206.02 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for World Wrestling Entertainment’s earnings. The lowest sales estimate is $202.00 million and the highest is $209.30 million. World Wrestling Entertainment reported sales of $194.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, February 8th.
On average, analysts expect that World Wrestling Entertainment will report full-year sales of $206.02 million for the current fiscal year, with estimates ranging from $767.75 million to $799.33 million. For the next financial year, analysts anticipate that the company will post sales of $834.92 million per share, with estimates ranging from $807.00 million to $851.23 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for World Wrestling Entertainment.
Several brokerages recently commented on WWE. JPMorgan Chase & Co. began coverage on shares of World Wrestling Entertainment in a report on Wednesday, December 6th. They issued an “overweight” rating on the stock. Citigroup downgraded shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, December 22nd. Wells Fargo & Co upgraded shares of World Wrestling Entertainment from a “market perform” rating to an “outperform” rating in a report on Thursday, January 4th. BTIG Research lifted their target price on shares of World Wrestling Entertainment to $36.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. World Wrestling Entertainment has a consensus rating of “Buy” and an average price target of $33.86.
Several large investors have recently bought and sold shares of the company. Lindsell Train Ltd increased its holdings in shares of World Wrestling Entertainment by 2.1% during the 3rd quarter. Lindsell Train Ltd now owns 7,232,868 shares of the company’s stock worth $170,334,000 after purchasing an additional 150,000 shares during the period. BlackRock Inc. increased its holdings in shares of World Wrestling Entertainment by 1.4% during the 2nd 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 during the period. EastBay Asset Management LLC increased its holdings in shares of World Wrestling Entertainment by 153.2% during the 2nd 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 during the period. State Street Corp increased its holdings in shares of World Wrestling Entertainment by 5.5% during the 2nd quarter. State Street Corp now owns 872,209 shares of the company’s stock worth $17,763,000 after purchasing an additional 45,601 shares during the period. Finally, Davidson Kempner Capital Management LP increased its holdings in shares of World Wrestling Entertainment by 286.7% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 725,000 shares of the company’s stock worth $14,768,000 after purchasing an additional 537,500 shares during the period. Institutional investors own 49.95% of the company’s stock.
World Wrestling Entertainment (WWE) opened at $34.52 on Monday. The company has a market cap of $2,661.73, a price-to-earnings ratio of 76.71, a P/E/G ratio of 2.61 and a beta of 0.93. World Wrestling Entertainment has a twelve month low of $19.12 and a twelve month high of $35.85. The company has a quick ratio of 2.62, a current ratio of 2.68 and a debt-to-equity ratio of 0.83.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.39%. World Wrestling Entertainment’s payout ratio is 106.67%.
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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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