Research Analysts Set Expectations for World Wrestling Entertainment, Inc.’s Q3 2017 Earnings (NYSE:WWE)

World Wrestling Entertainment, Inc. (NYSE:WWE) – Stock analysts at KeyCorp issued their Q3 2017 EPS estimates for shares of World Wrestling Entertainment in a research note issued to investors on Thursday. KeyCorp analyst E. Wingren anticipates that the company will earn $0.21 per share for the quarter. KeyCorp also issued estimates for World Wrestling Entertainment’s Q4 2017 earnings at $0.19 EPS and Q3 2018 earnings at $0.27 EPS.

Other research analysts have also issued reports about the stock. TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research note on Thursday, May 4th. Zacks Investment Research raised shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday. Benchmark Co. reissued a “buy” rating and set a $25.00 target price (down from $26.00) on shares of World Wrestling Entertainment in a research note on Sunday. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research note on Tuesday, April 4th. Finally, Morgan Stanley initiated coverage on shares of World Wrestling Entertainment in a research note on Friday, June 30th. They set an “equal weight” rating and a $23.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $24.11.

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Shares of World Wrestling Entertainment (WWE) opened at 21.16 on Monday. World Wrestling Entertainment has a 52 week low of $16.77 and a 52 week high of $23.14. The firm has a 50-day moving average of $20.80 and a 200 day moving average of $20.73. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 64.51 and a beta of 0.82.

World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. World Wrestling Entertainment had a net margin of 3.29% and a return on equity of 13.07%. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $209.28 million. During the same period in the previous year, the business earned $0.01 EPS. The company’s revenue was up 7.8% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its stake in shares of World Wrestling Entertainment by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 7,601 shares of the company’s stock valued at $154,000 after buying an additional 3,351 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of World Wrestling Entertainment by 4.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,790 shares of the company’s stock valued at $195,000 after buying an additional 380 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of World Wrestling Entertainment by 7.1% in the first quarter. Mason Street Advisors LLC now owns 9,003 shares of the company’s stock valued at $200,000 after buying an additional 600 shares in the last quarter. NGAM Advisors L.P. purchased a new stake in shares of World Wrestling Entertainment during the second quarter valued at approximately $207,000. Finally, Aperio Group LLC increased its stake in shares of World Wrestling Entertainment by 2.1% in the second quarter. Aperio Group LLC now owns 10,469 shares of the company’s stock valued at $213,000 after buying an additional 220 shares in the last quarter. Institutional investors own 49.46% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 15th will be issued a $0.12 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 2.27%. World Wrestling Entertainment’s dividend payout ratio is currently 154.84%.

About World Wrestling Entertainment

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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