Endeavor Group Holdings, Inc. (NYSE:EDR) Receives Average Rating of “Hold” from Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.86.

Several research analysts have issued reports on EDR shares. StockNews.com started coverage on Endeavor Group in a research note on Wednesday. They set a “hold” rating for the company. Piper Sandler lowered Endeavor Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 13th.

Endeavor Group Price Performance

EDR opened at $27.48 on Thursday. Endeavor Group has a 1-year low of $17.65 and a 1-year high of $27.62. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of 49.95 and a beta of 0.78. The business has a 50 day moving average of $27.35 and a 200-day moving average of $26.46.

Endeavor Group (NYSE:EDR) last issued its earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. As a group, sell-side analysts anticipate that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group’s payout ratio is 43.64%.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares in the last quarter. Arizona State Retirement System grew its stake in Endeavor Group by 1.8% in the second quarter. Arizona State Retirement System now owns 50,444 shares of the company’s stock valued at $1,364,000 after acquiring an additional 898 shares during the period. The Manufacturers Life Insurance Company grew its stake in Endeavor Group by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,346 shares during the period. Comerica Bank lifted its holdings in shares of Endeavor Group by 11.7% in the first quarter. Comerica Bank now owns 17,529 shares of the company’s stock valued at $451,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its holdings in Endeavor Group by 9.6% during the first quarter. Mirador Capital Partners LP now owns 22,125 shares of the company’s stock worth $569,000 after acquiring an additional 1,941 shares during the period. 71.37% of the stock is owned by institutional investors and hedge funds.

Endeavor Group Company Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.