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

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. The stock was recently discussed on Yahoo Finance as it revealed that Endeavor Announces Q4 2023 Cash Dividend.

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Stocks Info

As a NYSE listed company, EDR 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 $24.57 and fluctuated between $24.66 as its day high and $23.69 as its day low. The current market capitalization of Endeavor Group Holdings Inc is $7.38B. A total of 7.19 million shares were traded on the day, compared to an average of 3.32M shares.

Insider Activity

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, EDR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 16 SELLs from insiders. Insiders purchased 1,301,207 shares during that period but sold 1,009,205.

In the most recent transaction, Fullerton William K. sold 1,148 shares of EDR for 23.22 per share on Jan 18. After the transaction, the Global Controller and CAO now owns 82,394 company shares. In a previous transaction on Jan 02, Fullerton William K. sold 8,407 shares at 23.37 per share. EDR shares that Global Controller and CAO owns now total 81,094.

Among the insiders who sold shares, KRAUSS SETH D disposed of 2,431 shares on Jan 02 at a per-share price of $23.37. This resulted in the CAO & Senior Counsel holding 45,615 shares of EDR after the transaction. In another insider transaction, Lublin Jason sold 20,832 shares at $24.30 per share on Dec 05. Company shares held by the Chief Financial Officer now total 55,705.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. EDR’s most recent ex-dividend date was 12/14/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The EDR stock dividend was $0.06 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. In terms of 52-week highs and lows, EDR has a high of $26.26 and a low of $17.65.

As of this writing, EDR has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.36 per share and a lower estimate of -$0.01. The company reported an EPS of $1.39 in the last quarter, which was 379.30% higher than expectations of $0.29.

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. 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 $15.86, while its Total Shareholder’s Equity was $2.33B.

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, 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 5.00.

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