TKO Group (TKO) Set to Announce Quarterly Earnings on Wednesday

TKO Group (NYSE:TKO) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. TKO Group has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business’s quarterly revenue was up 178.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. On average, analysts expect TKO Group to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TKO Group Stock Performance

Shares of TKO opened at $118.17 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $121.24 and a two-hundred day simple moving average of $112.10. The stock has a market cap of $20.16 billion, a price-to-earnings ratio of -123.09 and a beta of 1.06. TKO Group has a 52 week low of $72.33 and a 52 week high of $130.95.

Insiders Place Their Bets

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 53.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TKO shares. TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Morgan Stanley raised their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. The Goldman Sachs Group raised their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Pivotal Research started coverage on TKO Group in a report on Friday, September 13th. They set a “buy” rating and a $170.00 price target for the company. Finally, Guggenheim raised their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.43.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.