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Wednesday, February 1, 2023

Analysts Point To World Wrestling Entertainment Inc. (NYSE: WWE) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for World Wrestling Entertainment Inc. (WWE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.55, or 0.62%, to $89.95. The World Wrestling Entertainment Inc. has recorded 11,927 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that WWE Engages Outside Advisors to Support Review of Strategic Alternatives.

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Stocks Info

As a NYSE listed company, WWE falls under the Communication Services sector while operating within the Entertainment industry segment. At the end of the last regular session, the stock closed at $89.40 and fluctuated between $90.61 as its day high and $87.77 as its day low. The current market capitalization of World Wrestling Entertainment Inc. is $6.65B. A total of 1.39 million shares were traded on the day, compared to an average of 868.94K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, WWE has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 27,944 and the disposition of 12,950 shares. Over the last 12 months, there were 36 BUYs and 16 SELLs from insiders. Insiders purchased 251,791 shares during that period but sold 152,354.

In the most recent transaction, DUNN KEVIN sold 15,000 shares of WWE for 66.70 per share on May 27. After the transaction, the Executive Producer & Chief Glo now owns 271,171 company shares. In a previous transaction on Mar 23, Blum Bradley sold 9,800 shares at 60.14 per share. WWE shares that EVP, Operations owns now total 30,737.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. World Wrestling Entertainment Inc. pays an annual dividend of $0.48, resulting in a dividend yield of 0.54%, and it has a price to earnings (P/E) ratio of 35.66. WWE’s most recent ex-dividend date was 12/14/2022 when it declared a $0.12 quarterly dividend that was paid in cash on 12/27/2022. Previously, the company paid the dividend on 9/26/2022 with an ex-dividend date of 9/14/2022. The WWE stock dividend was $0.12 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WWE in the last 3 months, the mean price target is $88.70 with high estimates of $111.00 and low estimates of $52.00. In terms of 52-week highs and lows, WWE has a high of $93.63 and a low of $47.71.

As of this writing, WWE has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.54 per share and a lower estimate of $0.42. The company reported an EPS of $0.77 in the last quarter, which was 22.20% higher than expectations of $0.63.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WWE is Hold with a score of 3.67. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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