News coverage about World Wrestling Entertainment (NYSE:WWE) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. World Wrestling Entertainment earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.4914827914154 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.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Steve Austin remembers driving monster truck on WWE Monday Night Raw (givemesport.com)
- World Wrestling Entertainment, Inc. (WWE) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- LaBar: No Stone Cold, No WWE RAW 25 (wrestlinginc.com)
- Speculation on former TNA Champion possibly returning to WWE (givemesport.com)
- $0.19 EPS Expected for World Wrestling Entertainment, Inc. (WWE) This Quarter (americanbankingnews.com)
WWE has been the subject of a number of recent analyst reports. Benchmark increased their price objective on World Wrestling Entertainment from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Citigroup lowered World Wrestling Entertainment from a “buy” rating to a “neutral” rating and increased their price objective for the company from $29.00 to $33.00 in a research report on Saturday, December 30th. Guggenheim set a $40.00 price objective on World Wrestling Entertainment and gave the company a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded World Wrestling Entertainment from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research report on Monday, October 30th. Finally, FBN Securities lowered World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.43.
Shares of World Wrestling Entertainment (NYSE WWE) opened at $33.85 on Friday. The company has a market capitalization of $2,530.65, a price-to-earnings ratio of 75.22, a P/E/G ratio of 2.61 and a beta of 0.86. World Wrestling Entertainment has a 12 month low of $19.12 and a 12 month high of $34.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.62 and a current ratio of 2.68.
World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.08. World Wrestling Entertainment had a return on equity of 17.05% and a net margin of 4.56%. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $176.19 million. During the same quarter last year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. analysts expect that World Wrestling Entertainment will post 0.61 earnings per share for the current fiscal year.
In related news, SVP Blake Timothy Bilstad sold 1,801 shares of World Wrestling Entertainment stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $26.40, for a total transaction of $47,546.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent K. Mcmahon sold 3,340,000 shares of World Wrestling Entertainment stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $28.68, for a total value of $95,791,200.00. Following the transaction, the chief executive officer now owns 3,340,000 shares of the company’s stock, valued at approximately $95,791,200. The disclosure for this sale can be found here. 49.80% of the stock is currently owned by insiders.
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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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