TKO Group (NYSE:TKO) Posts Earnings Results, Beats Estimates By $0.13 EPS

TKO Group (NYSE:TKO) released its quarterly earnings results on Wednesday. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13, FiscalAI reports. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion.

TKO Group Stock Performance

Shares of TKO traded up $6.05 during mid-day trading on Wednesday, hitting $193.25. The stock had a trading volume of 1,754,614 shares, compared to its average volume of 1,217,411. The firm has a market cap of $36.58 billion, a P/E ratio of 67.81 and a beta of 0.66. The business has a fifty day moving average price of $182.51 and a 200-day moving average price of $193.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. TKO Group has a 52 week low of $170.14 and a 52 week high of $226.94.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 15th. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Roth Capital reissued a “buy” rating and set a $230.00 target price (up from $228.00) on shares of TKO Group in a research report on Tuesday, August 4th. Benchmark restated a “hold” rating on shares of TKO Group in a research note on Tuesday, August 4th. Seaport Research Partners reaffirmed a “buy” rating on shares of TKO Group in a report on Friday, October 9th. Sanford C. Bernstein increased their price target on TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Finally, BTIG Research reiterated a “buy” rating and set a $237.00 price target on shares of TKO Group in a report on Wednesday, October 21st. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $228.65.

Insider Transactions at TKO Group

In related news, Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $197.17, for a total value of $1,890,663.13. Following the completion of the sale, the director owned 39,344 shares of the company’s stock, valued at approximately $7,757,456.48. This trade represents a 19.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ariel Emanuel sold 24,702 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $4,801,821.78. Following the completion of the sale, the chief executive officer owned 174,334 shares in the company, valued at $33,888,786.26. This represents a 12.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 97,325 shares of company stock worth $18,798,012 over the last quarter. 64.30% of the stock is currently owned by corporate insiders.

TKO Group Company Profile

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.