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Friday, September 29, 2023

Is Endeavor Group Holdings Inc. (NYSE: EDR) No Longer A Good Investment?

After Hours

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. After-hours trades for Endeavor Group Holdings Inc. (EDR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.17, or 0.78%, to $21.98. The Endeavor Group Holdings Inc. has recorded 4,575 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Endeavor and WWE® Deal to Create TKO Group Holdings Expected to Close September 12.

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Stocks Info

EDR belongs to the Communication Services sector of the NYSE while operating in the Entertainment industry. At the end of the last regular session, the stock closed at $21.81 and fluctuated between $22.05 as its day high and $21.65 as its day low. The current market capitalization of Endeavor Group Holdings Inc. is $10.35B. A total of 1.65 million shares were traded on the day, compared to an average of 2.32M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EDR has seen 3 BUY and 1 SELL insider trades, representing the acquisition of 27,054 and the disposition of 154,495 shares. Over the last 12 months, there were 15 BUYs and 18 SELLs from insiders. Insiders purchased 2,086,242 shares during that period but sold 1,781,140.

In the most recent transaction, Emanuel Ariel sold 236,487 shares of EDR for 24.09 per share on Aug 28. After the transaction, the Chief Executive Officer now owns 279,597 company shares. In a previous transaction on Aug 28, Whitesell Patrick sold 56,797 shares at 24.13 per share. EDR shares that Executive Chairman owns now total 72,797.

Among the insiders who sold shares, Lublin Jason disposed of 5,821 shares on Aug 28 at a per-share price of $24.13. This resulted in the Chief Financial Officer holding 55,705 shares of EDR after the transaction. In another insider transaction, SHAPIRO MARK S sold 3,060 shares at $24.13 per share on Aug 28. Company shares held by the insider now total 3,035.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Endeavor Group Holdings Inc. pays an annual dividend of $0.24, resulting in a dividend yield of 1.10%, and it has a price to earnings (P/E) ratio of 37.86. EDR’s most recent ex-dividend date was 9/14/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 9/29/2023.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EDR in the last 3 months, the mean price target is $32.83 with high estimates of $41.00 and low estimates of $28.00. In terms of 52-week highs and lows, EDR has a high of $26.26 and a low of $18.58.

As of this writing, EDR has an earnings estimate of $0.3 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.1. The company reported an EPS of $0.32 in the last quarter, which was 10.30% higher than expectations of $0.29.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. EDR’s latest balance sheet shows that the firm has $1.56B in Cash & Short Term Investments as of fiscal 2021. There were $6.14B in debt and $2.71B in liabilities at the time. Its Book Value Per Share was $8.32, while its Total Shareholder’s Equity was $2.33B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 EDR is Buy with a score of 4.86.

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