World Wrestling Entertainment, Inc. (NYSE:WWE) – Equities researchers at KeyCorp issued their Q1 2019 EPS estimates for shares of World Wrestling Entertainment in a research note issued on Sunday. KeyCorp analyst E. Wingren forecasts that the company will post earnings per share of $0.17 for the quarter. KeyCorp has a “Overweight” rating and a $48.00 price target 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 announced its quarterly earnings data on Thursday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $211.60 million for the quarter, compared to analysts’ expectations of $208.51 million. World Wrestling Entertainment had a return on equity of 20.50% and a net margin of 4.07%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share.
Shares of World Wrestling Entertainment (NYSE WWE) traded up $0.47 during midday trading on Tuesday, hitting $36.54. The stock had a trading volume of 241,069 shares, compared to its average volume of 860,532. The firm has a market capitalization of $2,810.00, a PE ratio of 86.94, a P/E/G ratio of 2.37 and a beta of 0.93. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.77 and a current ratio of 2.83. World Wrestling Entertainment has a twelve month low of $19.12 and a twelve month high of $36.91.
Several institutional investors and hedge funds have recently bought and sold shares of WWE. Davidson Kempner Capital Management LP increased its position in shares of World Wrestling Entertainment by 286.7% during the second 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 in the last quarter. Elk Creek Partners LLC acquired a new stake in shares of World Wrestling Entertainment during the third quarter worth about $11,725,000. Jane Street Group LLC acquired a new stake in shares of World Wrestling Entertainment during the fourth quarter worth about $11,159,000. Renaissance Technologies LLC increased its position in shares of World Wrestling Entertainment by 71.3% during the fourth quarter. Renaissance Technologies LLC now owns 853,800 shares of the company’s stock worth $26,109,000 after purchasing an additional 355,400 shares in the last quarter. Finally, Sirios Capital Management L P increased its position in shares of World Wrestling Entertainment by 104.7% during the third quarter. Sirios Capital Management L P now owns 599,734 shares of the company’s stock worth $14,124,000 after purchasing an additional 306,719 shares in the last quarter. Institutional investors and hedge funds own 49.59% of the company’s stock.
In other news, SVP Blake Timothy Bilstad sold 1,419 shares of World Wrestling Entertainment stock in a transaction dated Sunday, February 11th. The stock was sold at an average price of $35.53, for a total transaction of $50,417.07. Following the sale, the senior vice president now owns 24,121 shares in the company, valued at $857,019.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value of $95,791,200.00. Following the sale, the chief executive officer now owns 3,340,000 shares in the company, valued at approximately $95,791,200. The disclosure for this sale can be found here. 49.80% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders 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 1.31%. The ex-dividend date is Wednesday, March 14th. World Wrestling Entertainment’s dividend payout ratio is presently 114.29%.
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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