World Wrestling Entertainment Inc. (WWE) Sets New 12-Month High at $21.55
World Wrestling Entertainment Inc. (NYSE:WWE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.55 and last traded at $21.27, with a volume of 214,392 shares traded. The stock had previously closed at $21.19.
WWE has been the topic of a number of analyst reports. TheStreet raised shares of World Wrestling Entertainment from a “hold” rating to a “buy” rating in a research report on Wednesday, May 11th. Pacific Crest reaffirmed a “buy” rating and issued a $21.00 price objective on shares of World Wrestling Entertainment in a research report on Sunday, May 15th. Zacks Investment Research downgraded shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. KeyCorp cut their price objective on shares of World Wrestling Entertainment from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, June 16th. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of World Wrestling Entertainment in a research report on Friday, June 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $21.54.
The company’s 50 day moving average is $20.40 and its 200 day moving average is $18.27. The firm has a market capitalization of $1.60 billion and a price-to-earnings ratio of 67.251.
World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The firm had revenue of $199 million for the quarter, compared to analyst estimates of $182.56 million. The business’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, equities analysts predict that World Wrestling Entertainment Inc. will post $0.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.27%.
In other news, EVP Casey Collins sold 11,071 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $20.21, for a total transaction of $223,744.91. Following the sale, the executive vice president now owns 37,956 shares of the company’s stock, valued at $767,090.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin Dunn sold 56,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $20.55, for a total transaction of $1,150,800.00. Following the sale, the insider now directly owns 387,173 shares in the company, valued at approximately $7,956,405.15. The disclosure for this sale can be found here.
World Wrestling Entertainment, Inc (WWE) is a media and entertainment company. 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.