News headlines about World Wrestling Entertainment (NYSE:WWE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. World Wrestling Entertainment earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.2343181797449 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Strong fan support leads to “superstar lineup” for Kentville Ultimate Championship Wrestling show (novanewsnow.com)
- Week in Wrestling: UFC Champ Stipe Miocic On Brock Lesnar and Ronda Rousey; WrestleMania 34 Update (si.com)
- Triple H Speaks To Students In WWE College Class (Photos), Shinsuke Nakamura – Natalya Promo, Stock (wrestlinginc.com)
- Saudi Arabia to Host World Wrestling Entertainment for the Next 10 Years (albawaba.com)
- More Live Sports Are Coming To Facebook – U.S. News & World Report (usnews.com)
A number of equities analysts recently weighed in on WWE shares. Guggenheim set a $40.00 price target on World Wrestling Entertainment and gave the stock a “buy” rating in a report on Thursday, January 11th. BTIG Research upped their price target on World Wrestling Entertainment to $36.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Benchmark reissued a “buy” rating and set a $40.00 target price (up previously from $28.00) on shares of World Wrestling Entertainment in a report on Friday, February 9th. Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Saturday, February 3rd. Finally, Needham & Company LLC increased their target price on World Wrestling Entertainment from $25.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.89.
World Wrestling Entertainment (NYSE:WWE) traded up $0.10 during trading hours on Wednesday, hitting $37.34. The company had a trading volume of 551,586 shares, compared to its average volume of 1,000,000. The firm has a market capitalization of $2,880.00, a PE ratio of 66.68 and a beta of 0.84. World Wrestling Entertainment has a 12-month low of $19.12 and a 12-month high of $39.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.77 and a current ratio of 2.83.
World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $211.60 million during the quarter, compared to analyst estimates of $208.51 million. World Wrestling Entertainment had a return on equity of 20.50% and a net margin of 4.07%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. sell-side analysts forecast that World Wrestling Entertainment will post 0.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Thursday, March 15th will be given a $0.12 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.48 annualized dividend and a yield of 1.29%. World Wrestling Entertainment’s payout ratio is 85.71%.
In other news, SVP Mark Kowal sold 2,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $36.70, for a total transaction of $73,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent K. Mcmahon sold 3,340,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $28.68, for a total value of $95,791,200.00. Following the transaction, the chief executive officer now owns 3,340,000 shares of the company’s stock, valued at $95,791,200. The disclosure for this sale can be found here. Insiders sold 3,343,419 shares of company stock valued at $95,915,017 over the last quarter. 45.10% of the stock is currently owned by company insiders.
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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