TKO Group (NYSE:TKO) Posts Earnings Results, Misses Expectations By $0.20 EPS

TKO Group (NYSE:TKO) posted its quarterly earnings data on Wednesday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20), Zacks reports. TKO Group had a net margin of 5.27% and a return on equity of 2.57%.

TKO Group Stock Performance

Shares of NYSE TKO traded down $2.84 during midday trading on Wednesday, hitting $206.55. 1,379,646 shares of the company’s stock were exchanged, compared to its average volume of 874,676. TKO Group has a 12 month low of $133.07 and a 12 month high of $218.11. The company’s 50 day moving average price is $207.38 and its 200 day moving average price is $197.21. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $40.29 billion, a PE ratio of 79.14 and a beta of 0.65.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, December 15th. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio is presently 119.54%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Pivotal Research upped their price objective on TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised their price target on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Roth Mkm restated a “buy” rating and set a $240.00 target price on shares of TKO Group in a report on Thursday, February 12th. Wolfe Research reiterated an “outperform” rating and issued a $227.00 price target on shares of TKO Group in a research note on Monday, December 15th. Finally, Susquehanna reissued a “positive” rating and set a $251.00 price target on shares of TKO Group in a research report on Monday, January 19th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $230.20.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 14,363 shares of TKO Group stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $2,901,038.74. Following the completion of the transaction, the insider directly owned 118,400 shares of the company’s stock, valued at $23,914,432. The trade was a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew M. Schleimer sold 11,978 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the sale, the chief financial officer owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. This represents a 30.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 169,202 shares of company stock worth $34,316,033. 53.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently made changes to their positions in TKO. IFC & Insurance Marketing Inc. acquired a new stake in TKO Group during the 4th quarter worth approximately $38,000. CYBER HORNET ETFs LLC bought a new position in TKO Group during the 2nd quarter worth $34,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of TKO Group by 48.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock worth $39,000 after buying an additional 63 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in shares of TKO Group in the fourth quarter valued at about $41,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of TKO Group in the second quarter valued at about $36,000. Institutional investors own 89.79% of the company’s stock.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.