World Wrestling Entertainment (WWE) Receiving Somewhat Favorable Press Coverage, Report Shows
Headlines about World Wrestling Entertainment (NYSE:WWE) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. World Wrestling Entertainment earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.6931824862455 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s analysis:
- Jim Cramer Advises His Viewers On World Wrestling Entertainment And Six Flags – Benzinga (benzinga.com)
- World Wrestling Entertainment Inc (WWE) Awesome Oscillator Trending Lower – FLBC News (flbcnews.com)
- World Wrestling Entertainment, Inc. (WWE) SVP Sells $101,840.00 in Stock (americanbankingnews.com)
A number of brokerages recently issued reports on WWE. BidaskClub lowered World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, July 31st. Benchmark Co. reaffirmed a “buy” rating and set a $25.00 price target (down previously from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. ValuEngine raised World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley started coverage on World Wrestling Entertainment in a research report on Friday, June 30th. They set an “equal weight” rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.38.
World Wrestling Entertainment (NYSE WWE) traded down 1.08% during mid-day trading on Friday, reaching $21.06. The company had a trading volume of 505,647 shares. World Wrestling Entertainment has a 12-month low of $16.77 and a 12-month high of $23.14. The stock has a 50-day moving average of $20.94 and a 200 day moving average of $20.85. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 64.21 and a beta of 0.82.
World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, July 27th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. World Wrestling Entertainment had a return on equity of 13.07% and a net margin of 3.29%. The business had revenue of $214.60 million during the quarter, compared to the consensus estimate of $209.28 million. During the same period last year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect that World Wrestling Entertainment will post $0.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio is currently 154.84%.
In other World Wrestling Entertainment news, SVP Mark Kowal sold 4,750 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $21.44, for a total value of $101,840.00. Following the completion of the sale, the senior vice president now directly owns 17,011 shares of the company’s stock, valued at $364,715.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Michelle D. Wilson sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $21.25, for a total value of $1,168,750.00. Following the completion of the sale, the executive now directly owns 436,174 shares of the company’s stock, valued at $9,268,697.50. The disclosure for this sale can be found here. Insiders sold 73,133 shares of company stock valued at $1,554,711 over the last three months. Company insiders own 49.80% of the company’s stock.
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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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