TKO Group (NYSE:TKO) Announces Quarterly Earnings Results

TKO Group (NYSE:TKO) posted its earnings results on Monday. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07), FiscalAI reports. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%.

TKO Group Stock Performance

TKO stock traded up $1.71 on Monday, reaching $183.52. 1,808,571 shares of the company were exchanged, compared to its average volume of 1,277,292. TKO Group has a 12 month low of $152.29 and a 12 month high of $226.94. The stock’s fifty day moving average price is $194.93 and its 200 day moving average price is $197.73. The firm has a market capitalization of $35.62 billion, a PE ratio of 68.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.79 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. TKO Group’s dividend payout ratio is 117.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TKO shares. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Sanford C. Bernstein decreased their target price on TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Roth Capital set a $228.00 price target on shares of TKO Group in a research report on Monday, May 4th. Guggenheim reduced their price objective on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $233.53.

Insider Activity at TKO Group

In other news, CFO Andrew M. Schleimer purchased 2,696 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the purchase, the chief financial officer directly owned 30,240 shares of the company’s stock, valued at approximately $5,607,705.60. The trade was a 9.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel acquired 10,805 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the acquisition, the chief executive officer directly owned 154,655 shares in the company, valued at $28,625,093.95. This represents a 7.51% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 24,308 shares of company stock valued at $4,499,679 and sold 42,257 shares valued at $7,946,068. Company insiders own 64.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after buying an additional 887,401 shares during the period. XN LP lifted its holdings in shares of TKO Group by 6.3% during the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after acquiring an additional 169,574 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of TKO Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after acquiring an additional 395,040 shares during the period. UBS Group AG boosted its position in shares of TKO Group by 31.7% during the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock valued at $257,326,000 after acquiring an additional 307,000 shares in the last quarter. Finally, Soros Fund Management LLC increased its stake in TKO Group by 2.5% in the fourth quarter. Soros Fund Management LLC now owns 635,583 shares of the company’s stock valued at $132,837,000 after acquiring an additional 15,576 shares during the period. 89.79% of the stock is owned by institutional investors.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.