World Wrestling Entertainment, Inc. (NYSE:WWE) – Stock analysts at KeyCorp issued their Q1 2019 earnings per share estimates for shares of World Wrestling Entertainment in a research report issued on Sunday. KeyCorp analyst E. Wingren forecasts that the company will post earnings per share of $0.17 for the quarter. KeyCorp currently has a “Overweight” rating and a $48.00 price objective on the stock. KeyCorp also issued estimates for World Wrestling Entertainment’s Q3 2019 earnings at $0.38 EPS.
World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $211.60 million during the quarter, compared to analyst estimates of $208.51 million. World Wrestling Entertainment had a net margin of 4.07% and a return on equity of 20.50%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share.
Shares of World Wrestling Entertainment (WWE) traded up $0.17 on Tuesday, hitting $35.53. 334,230 shares of the stock were exchanged, compared to its average volume of 872,655. The stock has a market capitalization of $2,686.41, a price-to-earnings ratio of 86.03, a P/E/G ratio of 2.58 and a beta of 0.93. World Wrestling Entertainment has a 1 year low of $19.12 and a 1 year high of $36.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.83 and a quick ratio of 2.77.
A number of institutional investors have recently made changes to their positions in WWE. Cubist Systematic Strategies LLC bought a new position in World Wrestling Entertainment in the third quarter worth about $176,000. LS Investment Advisors LLC increased its holdings in shares of World Wrestling Entertainment by 31.6% during the fourth quarter. LS Investment Advisors LLC now owns 6,296 shares of the company’s stock valued at $193,000 after acquiring an additional 1,512 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of World Wrestling Entertainment during the third quarter valued at about $201,000. FDx Advisors Inc. acquired a new position in shares of World Wrestling Entertainment during the third quarter valued at about $219,000. Finally, Summit Securities Group LLC acquired a new position in shares of World Wrestling Entertainment during the third quarter valued at about $236,000. Institutional investors and hedge funds own 49.59% of the company’s stock.
In related news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $28.68, for a total value of $95,791,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,340,000 shares of the company’s stock, valued at $95,791,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 49.80% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Thursday, March 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, March 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is presently 117.08%.
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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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