On August 27, 2023, investment analysts at StockNews.com released a research report providing coverage on the shares of World Wrestling Entertainment (WWE) to their clients and investors. The brokerage issued a “hold” rating for WWE.
As of Friday’s trading session, WWE opened at $113.69. The company currently holds a market capitalization of $9.45 billion, with a price-earnings ratio of 55.73 and a beta value of 1.14. Over the past 50 days, WWE’s moving average stood at $108.00, while its two-hundred day moving average was recorded at $100.13. The business maintains a quick ratio of 3.76 and a current ratio of 3.78, along with a debt-to-equity ratio of 0.42. In terms of its yearly performance, WWE has seen lows at $65.04 and highs at $118.04.
World Wrestling Entertainment operates as an integrated media and entertainment company engaged in sports entertainment across various regions such as North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Consisting of three segments—Media, Live Events, and Consumer Products—the company focuses on producing and monetizing long-form and short-form video content through platforms like WWE Network, broadcast television, pay television, digital media outlets, social media platforms as well as filmed entertainment.
In its most recent quarterly earnings announcement on August 2nd, World Wrestling Entertainment reported earnings per share (EPS) of $0.91 for the quarter—a slightly lower figure than the consensus estimate of $0.93 per share by ($0.02). With respect to profitability measures for the period, WWE achieved a return on equity of 34%. Moreover, it maintained a net margin of 12.65%. In terms of revenue generation during this period under review by analysts’ estimates, WWE recorded $410.30 million against the consensus estimate of $398.54 million.
Looking ahead, analysts predict that World Wrestling Entertainment will likely post an EPS of 2.67 for the current year, providing a glimpse into the company’s anticipated performance.
Disclaimer: The information provided in this article is based solely on facts available as of August 27, 2023, and should not be considered as financial advice or a recommendation to buy or sell any securities. Investors are encouraged to conduct their own research and consult with professionals before making investment decisions.
World Wrestling Entertainment, Inc.
WWE
Strong Buy
Updated on: 28/08/2023
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World Wrestling Entertainment’s Performance Sparks Interest and Uncertainty Among Analysts and Investors
World Wrestling Entertainment (WWE) has been attracting attention from various research firms, with many providing their insights on the company’s performance. Wells Fargo & Company recently raised its price objective for WWE shares from $100.00 to $109.00 in a research note dated May 3rd, 2023. Meanwhile, Morgan Stanley reaffirmed its “overweight” rating on WWE and set a price target of $125.00 on August 3rd. These findings have sparked curiosity and interest among investors.
Citigroup also conducted a thorough analysis and increased its price objective for WWE from $115.00 to $125.00 in a research report released on May 11th, 2023. Loop Capital followed suit by raising its target price from $105.00 to $125.00 in a research report published on May 4th, 2023. Such positive sentiments towards the company’s potential have left some observers perplexed but intrigued.
Adding to the intrigue is VNET Group’s decision to maintain its rating on World Wrestling Entertainment in a report issued on May 4th, 2023. With four equities research analysts giving it a hold rating and three rating it as a buy, there seems to be varying opinions regarding the future prospects of WWE stock.
According to Bloomberg data, the consensus rating for WWE is currently listed as “Hold,” with an average target price of $110.13 per share as of August 27, 2023. These evaluations further contribute to the enigma surrounding WWE’s trajectory in the eyes of market experts.
Beyond analyst evaluations, changes within institutional investment circles have also piqued interest in WWE stock. CWM LLC demonstrated significant confidence by increasing its stake in the company by 84.1% during the second quarter of this year alone – an impressive move that suggests favorable expectations for future returns.
Dark Forest Capital Management LP acquired new shares of World Wrestling Entertainment during the fourth quarter of 2022, a decision that potentially holds promising outcomes. Other players in the institutional investor arena, such as WealthPLAN Partners LLC and KBC Group NV, also made investments in WWE during the second quarter of 2023.
Lastly, Fred Alger Management LLC boosted its holdings by 85.7% during the first quarter of this year, indicating their confidence in WWE’s potential for growth. These moves have undoubtedly added to the busiest surrounding WWE and raised eyebrows within investment circles.
It is important to note that approximately 69.13% of WWE’s stock is currently owned by institutional investors. This statistic underscores the significant impact these players have on the company’s direction and potential growth.
As we approach the end of August 2023, World Wrestling Entertainment continues to captivate attention from research firms and institutional investors alike. The conflicting ratings from analysts and differing opinions within investment circles further amplify both curiosity and uncertainty surrounding WWE’s future trajectory. Investors will undoubtedly keep a close eye on developments regarding this intriguing organization.
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