Analysts expect that World Wrestling Entertainment, Inc. (NYSE:WWE) will announce $0.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for World Wrestling Entertainment’s earnings, with estimates ranging from $0.05 to $0.07. World Wrestling Entertainment posted earnings per share of $0.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 500%. The business is expected to report its next earnings results before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that World Wrestling Entertainment will report full year earnings of $0.46 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.51. For the next year, analysts forecast that the company will post earnings of $0.60 per share, with EPS estimates ranging from $0.57 to $0.63. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.03. World Wrestling Entertainment had a return on equity of 11.35% and a net margin of 2.79%. The business had revenue of $188.40 million for the quarter, compared to analysts’ expectations of $183.41 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. World Wrestling Entertainment’s quarterly revenue was up 10.1% compared to the same quarter last year.

Several brokerages recently weighed in on WWE. BTIG Research reaffirmed a “buy” rating and set a $25.00 price objective on shares of World Wrestling Entertainment in a research report on Sunday, April 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of World Wrestling Entertainment in a research report on Tuesday, April 4th. Citigroup Inc. began coverage on shares of World Wrestling Entertainment in a research report on Monday, March 27th. They set a “buy” rating and a $25.00 price objective on the stock. ValuEngine raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.98.

World Wrestling Entertainment (NYSE:WWE) traded down 0.38% during midday trading on Friday, reaching $21.21. 537,946 shares of the company’s stock traded hands. The company’s 50-day moving average price is $20.63 and its 200 day moving average price is $20.62. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 78.56 and a beta of 0.82. World Wrestling Entertainment has a 52 week low of $16.77 and a 52 week high of $23.14.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders 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 dividend yield of 2.26%. The ex-dividend date is Thursday, September 14th. World Wrestling Entertainment’s dividend payout ratio is 184.62%.

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Several institutional investors have recently added to or reduced their stakes in the stock. Lindsell Train Ltd raised its position in World Wrestling Entertainment by 1.5% in the first quarter. Lindsell Train Ltd now owns 6,796,233 shares of the company’s stock worth $151,012,000 after buying an additional 98,552 shares in the last quarter. BlackRock Inc. raised its position in World Wrestling Entertainment by 116,814.6% in the first quarter. BlackRock Inc. now owns 4,426,388 shares of the company’s stock worth $98,355,000 after buying an additional 4,422,602 shares in the last quarter. Morgan Stanley raised its position in World Wrestling Entertainment by 22.5% in the first quarter. Morgan Stanley now owns 1,807,629 shares of the company’s stock worth $40,165,000 after buying an additional 331,584 shares in the last quarter. State Street Corp raised its position in World Wrestling Entertainment by 9.3% in the first quarter. State Street Corp now owns 826,608 shares of the company’s stock worth $18,368,000 after buying an additional 70,057 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. raised its position in World Wrestling Entertainment by 5.5% in the first quarter. Eagle Boston Investment Management Inc. now owns 456,556 shares of the company’s stock worth $10,144,000 after buying an additional 23,764 shares in the last quarter. 49.59% of the stock is currently owned by institutional investors.

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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