Wall Street brokerages expect World Wrestling Entertainment, Inc. (NYSE:WWE) to report $242.98 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for World Wrestling Entertainment’s earnings. The highest sales estimate is $252.33 million and the lowest is $237.20 million. World Wrestling Entertainment reported sales of $214.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.2%. The business is scheduled to announce its next earnings report on Thursday, July 26th.

On average, analysts expect that World Wrestling Entertainment will report full-year sales of $868.35 million for the current year, with estimates ranging from $861.64 million to $877.60 million. For the next fiscal year, analysts anticipate that the firm will post sales of $948.42 million per share, with estimates ranging from $939.84 million to $954.62 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, May 3rd. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $187.70 million for the quarter, compared to analysts’ expectations of $194.34 million. World Wrestling Entertainment had a net margin of 5.81% and a return on equity of 23.28%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS.

Several equities analysts have issued reports on the stock. KeyCorp reissued a “buy” rating and issued a $71.00 price objective (up from $49.00) on shares of World Wrestling Entertainment in a research note on Monday. Needham & Company LLC boosted their price objective on shares of World Wrestling Entertainment from $45.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 22nd. MKM Partners boosted their price objective on shares of World Wrestling Entertainment to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 22nd. JPMorgan Chase & Co. boosted their price objective on shares of World Wrestling Entertainment to $46.00 and gave the company a “neutral” rating in a research note on Friday, May 18th. Finally, Benchmark reissued a “hold” rating on shares of World Wrestling Entertainment in a research note on Friday, May 4th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $48.91.

World Wrestling Entertainment traded down $0.68, hitting $61.98, during trading on Monday, according to Marketbeat. The stock had a trading volume of 43,401 shares, compared to its average volume of 1,754,129. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.18 and a current ratio of 3.26. The stock has a market capitalization of $4.75 billion, a P/E ratio of 96.40 and a beta of 0.98. World Wrestling Entertainment has a twelve month low of $20.09 and a twelve month high of $62.98.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.77%. World Wrestling Entertainment’s dividend payout ratio is presently 73.85%.

Institutional investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC boosted its position in shares of World Wrestling Entertainment by 31.6% in the 4th quarter. LS Investment Advisors LLC now owns 6,296 shares of the company’s stock worth $193,000 after buying an additional 1,512 shares in the last quarter. Comerica Bank increased its position in World Wrestling Entertainment by 66.1% during the 4th quarter. Comerica Bank now owns 68,442 shares of the company’s stock worth $2,292,000 after purchasing an additional 27,235 shares in the last quarter. Two Sigma Investments LP increased its position in World Wrestling Entertainment by 30.6% during the 4th quarter. Two Sigma Investments LP now owns 142,011 shares of the company’s stock worth $4,343,000 after purchasing an additional 33,311 shares in the last quarter. California Public Employees Retirement System increased its position in World Wrestling Entertainment by 13.2% during the 4th quarter. California Public Employees Retirement System now owns 63,145 shares of the company’s stock worth $1,931,000 after purchasing an additional 7,345 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in World Wrestling Entertainment during the 4th quarter worth approximately $462,000. Institutional investors and hedge funds own 60.00% of the company’s stock.

About World Wrestling Entertainment

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

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Earnings History and Estimates for World Wrestling Entertainment (NYSE:WWE)

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