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Thursday, June 8, 2023

World Wrestling Entertainment Inc. (WWE) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for World Wrestling Entertainment Inc. (WWE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $2.06, or 1.90%, to $110.20. The World Wrestling Entertainment Inc. has recorded 10,470 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that WWE® Reports First Quarter 2023 Results.

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Stocks Info

World Wrestling Entertainment Inc. is listed on the NYSE in the Communication Services sector while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $108.14 and fluctuated between $108.61 as its day high and $106.20 as its day low. The current market capitalization of World Wrestling Entertainment Inc. is $7.94B. A total of 1.02 million shares were traded on the day, compared to an average of 1.26M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, WWE has seen 15 BUY and 0 SELL insider trades, representing the acquisition of 235,364 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 15 SELLs from insiders. Insiders purchased 456,790 shares during that period but sold 142,558.

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.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. World Wrestling Entertainment Inc. pays an annual dividend of $0.48, resulting in a dividend yield of 0.44%, and it has a price to earnings (P/E) ratio of 48.67. WWE’s most recent ex-dividend date was 6/14/2023 when it declared a $0.12 quarterly dividend that was paid in cash on 6/26/2023. Previously, the company paid the dividend on 3/27/2023 with an ex-dividend date of 3/14/2023. The WWE stock dividend was $0.12 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for WWE in the last 3 months, the mean price target is $109.44 with high estimates of $130.00 and low estimates of $80.00. In terms of 52-week highs and lows, WWE has a high of $110.24 and a low of $55.09.

As of this writing, WWE has an earnings estimate of $0.42 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.48 per share and a lower estimate of $0.39. The company reported an EPS of $0.65 in the last quarter, which was 30.00% higher than expectations of $0.5.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. WWE’s latest balance sheet shows that the firm has $415.80M in Cash & Short Term Investments as of fiscal 2021. There were $619.60M in debt and $413.60M in liabilities at the time. Its Book Value Per Share was $6.95, while its Total Shareholder’s Equity was $381.30M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.78. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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