News stories about World Wrestling Entertainment (NYSE:WWE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. World Wrestling Entertainment earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.0768087282768 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
Several research firms have recently issued reports on WWE. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of World Wrestling Entertainment in a research report on Tuesday, September 26th. BidaskClub lowered World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine upgraded World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of World Wrestling Entertainment in a report on Tuesday, October 17th. Finally, Benchmark Co. reiterated a “buy” rating and set a $25.00 target price (down from $26.00) on shares of World Wrestling Entertainment in a report on Sunday, July 30th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $25.25.
Shares of World Wrestling Entertainment (NYSE WWE) traded up $0.15 during midday trading on Friday, reaching $27.54. The company’s stock had a trading volume of 337,234 shares, compared to its average volume of 845,024. The firm has a market capitalization of $2,123.53, a P/E ratio of 51.96, a PEG ratio of 2.49 and a beta of 0.86. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83. World Wrestling Entertainment has a 1 year low of $18.00 and a 1 year high of $27.79.
World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $176.19 million. World Wrestling Entertainment had a return on equity of 35.49% and a net margin of 11.73%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. equities analysts forecast that World Wrestling Entertainment will post 0.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, December 14th. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 106.67%.
In related news, insider Kevin Dunn sold 72,286 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $20.81, for a total value of $1,504,271.66. Following the transaction, the insider now owns 379,559 shares of the company’s stock, valued at approximately $7,898,622.79. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Basil V. Jr. Devito sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $21.59, for a total transaction of $551,343.83. Following the completion of the transaction, the insider now directly owns 65,616 shares in the company, valued at approximately $1,416,649.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,899 shares of company stock valued at $2,153,189. Company insiders own 49.80% of the company’s stock.
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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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