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. Most recently, Yahoo Finance reported about the stock as it publicized that Endeavor Announces Q1 2024 Cash Dividend.

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Stocks Info

EDR belongs to the Communication Services sector of the NYSE while operating in the Entertainment industry. The current market capitalization of Endeavor Group Holdings Inc is $7.56B. A total of 2.65 million shares were traded on the day, compared to an average of 2.72M shares.

In the most recent transaction, Lublin Jason sold 20,832 shares of EDR for 24.71 per share on Mar 12 ’24. After the transaction, the Chief Financial Officer now owns 130,187 company shares. In a previous transaction on Feb 23 ’24, SHAPIRO MARK S sold 22,805 shares at 24.15 per share. EDR shares that the insider owns now total 102,966.

Among the insiders who sold shares, Lublin Jason disposed of 18,525 shares on Feb 23 ’24 at a per-share price of $24.15. This resulted in the Chief Financial Officer holding 130,187 shares of EDR after the transaction. In another insider transaction, KRAUSS SETH D sold 6,220 shares at $24.15 per share on Feb 23 ’24. Company shares held by the CAO & Senior Counsel now total 67,920.

Dividend

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 $0.18, resulting in a dividend yield of 0.72%, and it has a price to earnings (P/E) ratio of 22.42. EDR’s most recent ex-dividend date was 3/14/2024 when it declared a $0.06 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The EDR stock dividend was $0.06 per share in cash.

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. 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 $0.34 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.43 per share and a lower estimate of $0.18. The company reported an EPS of $0.34 in the last quarter, which was 21.40% higher than expectations of $0.28.

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 $16.02, 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 5.00.

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