News stories about World Wrestling Entertainment (NYSE:WWE) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. World Wrestling Entertainment earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.7390805942473 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Active Runner in Focus – World Wrestling Entertainment Inc (WWE) – Stock Press Daily (stockpressdaily.com)
- Exclusive: CM Punk Subpoena Request To WWE Could Cost Him $120000 – Fightful (fightful.com)
- World Wrestling Entertainment, Inc. (WWE) has a value of $21.55 per share While Diana Shipping Inc. (DSX) is stand … – Stocks Gallery (stocksgallery.com)
- WWE sets new Australian broadcast deal with Nine Network (seekingalpha.com)
- BRIEF-WWE reaches broadcast agreement with Nine Network (reuters.com)
Several brokerages recently issued reports on WWE. BidaskClub cut World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Benchmark Co. reissued a “buy” rating and issued a $25.00 price objective (down previously from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. Zacks Investment Research raised World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Monday, July 31st. ValuEngine raised World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley assumed coverage on World Wrestling Entertainment in a research note on Friday, June 30th. They set an “equal weight” rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.38.
World Wrestling Entertainment (NYSE WWE) opened at 20.90 on Friday. The stock has a 50 day moving average price of $21.02 and a 200-day moving average price of $20.91. The stock has a market capitalization of $1.61 billion, a P/E ratio of 63.72 and a beta of 0.82. World Wrestling Entertainment has a 1-year low of $16.77 and a 1-year high of $23.14.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. The company had revenue of $214.60 million during the quarter, compared to the consensus estimate of $209.28 million. World Wrestling Entertainment had a net margin of 3.29% and a return on equity of 13.07%. World Wrestling Entertainment’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. Equities research analysts expect that World Wrestling Entertainment will post $0.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 2.30%. World Wrestling Entertainment’s payout ratio is 154.84%.
In other World Wrestling Entertainment news, CRO Michelle D. Wilson sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $21.25, for a total value of $1,168,750.00. Following the completion of the transaction, the executive now owns 436,174 shares of the company’s stock, valued at approximately $9,268,697.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Casey Collins sold 13,383 shares of World Wrestling Entertainment stock in a transaction on Monday, July 31st. The stock was sold at an average price of $21.23, for a total transaction of $284,121.09. Following the sale, the executive vice president now directly owns 43,926 shares of the company’s stock, valued at $932,548.98. The disclosure for this sale can be found here. Insiders have sold a total of 73,133 shares of company stock valued at $1,554,711 in the last 90 days. 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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