StockNews.com’s financial analysts were the first in the industry to cover World Wrestling Entertainment. On Thursday, their findings were included in a research report distributed to customers and investors.
The corporation advised its shareholders to “sell” their stock in the company.
World Wrestling Entertainment (NYSE: WWE) made the company’s most recent quarterly financial data available to the public on Thursday, February 2.
The company reported earnings of $0.52 per share for the quarter, which was $0.08 less than the consensus estimate of $0.60 per share among market analysts. World Wrestling Entertainment had a return on equity of 47.41% and a net margin of 15.15%.
The company is based in the United States. However, despite analysts’ predictions that the company would bring in $333.25 million in revenue during the quarter, the company could only bring in $325.30 million.
The company generated earnings of $0.70 per share during the same period the year before. Compared to the same period the previous year, the third quarter of this year saw a revenue increase of 4.8% for the company.
According to projections made by industry experts, World Wrestling Entertainment is expected to generate revenue of $2.79 per share during the current fiscal year.
NYSE: WWE had its first day of trading on Thursday, and the opening price was $83.56.
The debt-to-equity ratio is 0.75, the current ratio is 1.45, and the quick ratio is 1.44.
All of these numbers are very close to each other.
The company has experienced a moving average of $77.78 over the past 200 days, while the moving average for the past 50 days is $86.01.
Throughout the year, the lowest point that World Wrestling Entertainment ever reached was $55.09, and the highest point that it ever reached was $93.63.
The company has a P/E ratio of 36.49 and a beta value of 1.18.
The market capitalization of the company is currently sitting at $6.22 billion at the moment.
World Wrestling Entertainment (WWE) has been the subject of numerous articles. Roth Capital reaffirmed its recommendation to investors that they “buy” shares of World Wrestling Entertainment in a research report published on February 3 and made available to the public.
Morgan Stanley increased their price target for World Wrestling Entertainment in a report that was released on January 17.
A rating of “equal weight” has been assigned to the company, even though the new price target has been increased to $105.00 from the previous price target of $80.00. Guggenheim increased their price objective on World Wrestling Entertainment shares from $94.00 to $105.00 in a research note published on Friday, February 3. World Wrestling Entertainment’s stock was rated “peer perform” rather than “outperform” in a research report issued on Monday, January 30.
This decreased from the stock’s previous rating of “outperform.”
Last but not least, in research released on Tuesday, January 17, Wells Fargo & Company increased their price objective for shares of World Wrestling Entertainment from $52.00 to $100.00 while simultaneously changing their rating on the stock from “underweight” to “equal weight.” The organization was advised to purchase from five different financial experts, to maintain their current position from five different analysts, and to dispose of their current holdings from one financial expert.
According to the information provided by the website Bloomberg.com, the current recommendation for the company is “Hold,” and the price target has been set at $91.70.
As a direct result of recent occurrences, several hedge funds and institutional investors have adjusted their holdings of WWE stock.
Allworth Financial LP increased the amount of World Wrestling Entertainment (WWE) stock owned by 84.4% during the third quarter.
Allworth Financial LP now holds 402 shares of the company’s stock, valued at $28,000, following the acquisition of 184 additional shares during the most recent quarter. Wipfli Financial Advisors LLC increased its holdings in World Wrestling Entertainment during the third quarter by investing approximately $32,000.
During the fourth quarter of World Wrestling Entertainment’s fiscal year, Dark Forest Capital Management LP provided the company with an investment of $36,000.
In the third quarter, WD Rutherford LLC increased its stake in World Wrestling Entertainment by purchasing additional shares, bringing the total value of the company’s investment to approximately $51,000.
And finally, during the fourth quarter of 2016, Spire Wealth Management opened a new stake in World Wrestling Entertainment by purchasing approximately $53,000 worth of stock.
Institutional investors and hedge funds own 69.60% of the company’s shares. Other shareholders make up the remaining 30.10%.
World Wrestling Entertainment, INC is a multi-faceted media and entertainment company that creates and distributes content online and offline.
The company’s three primary operating areas are the consumer goods market, live events, and the media industry.
The production and sale of longer and shorter forms of video content are considered part of the media category.
This includes both longer and shorter forms of streaming video.
These platforms consist of filmed entertainment in addition to the WWE Network, broadcast television, paid television, digital media, and social media platforms.