World Wrestling Entertainment Inc. [WWE] Revenue clocked in at $946.70 million, up 7.12% YTD: What’s Next?

World Wrestling Entertainment Inc. [NYSE: WWE] price plunged by -6.98 percent to reach at -$3.86. The company report on July 9, 2021 that WWE® to Report Second Quarter 2021 Results.

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WWE (NYSE: WWE) announced that it will report its second quarter 2021 results on Thursday, July 29, 2021 after the close of the market. The Company’s Chairman & CEO, Vincent K. McMahon, President & Chief Revenue Officer, Nick Khan, Chief Brand Officer, Stephanie McMahon, and Chief Financial Officer, Kristina Salen, will host a conference call beginning at 5:00 p.m. ET to discuss the results.

All interested parties are welcome to listen to a live web cast that will be hosted through the Company’s web site at corporate.wwe.com/investors. Participants can access the conference call by dialing 855-200-4993 (toll free) or 323-794-2092 from outside the U.S. (conference ID for both lines: 1324046). Please reserve a line approximately 10 minutes prior to the start time of the conference call.

A sum of 2260444 shares traded at recent session while its average daily volume was at 797.43K shares. World Wrestling Entertainment Inc. shares reached a high of $55.12 and dropped to a low of $50.415 until finishing in the latest session at $51.47.

The one-year WWE stock forecast points to a potential upside of 13.64. The average equity rating for WWE stock is currently 2.30, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on World Wrestling Entertainment Inc. [WWE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WWE shares is $59.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WWE stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for World Wrestling Entertainment Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 05, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price from $55 to $62. The new note on the price target was released on January 26, 2021, representing the official price target for World Wrestling Entertainment Inc. stock. Previously, the target price had yet another raise to $58, while Evercore ISI analysts kept a Outperform rating on WWE stock.

The Average True Range (ATR) for World Wrestling Entertainment Inc. is set at 2.01, with the Price to Sales ratio for WWE stock in the period of the last 12 months amounting to 4.11. The Price to Book ratio for the last quarter was 11.14, with the Price to Cash per share for the same quarter was set at 6.11. Price to Free Cash Flow for WWE in the course of the last twelve months was 15.47 with Quick ratio for the last quarter at 1.50.

WWE Stock Performance Analysis:

World Wrestling Entertainment Inc. [WWE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.63. With this latest performance, WWE shares dropped by -16.57% in over the last four-week period, additionally plugging by 2.57% over the last 6 months – not to mention a rise of 9.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WWE stock in for the last two-week period is set at 28.08, with the RSI for the last a single of trading hit 18.67, and the three-weeks RSI is set at 34.54 for World Wrestling Entertainment Inc. [WWE]. The present Moving Average for the last 50 days of trading for this stock 57.00, while it was recorded at 54.93 for the last single week of trading, and 50.57 for the last 200 days.

Insight into World Wrestling Entertainment Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and World Wrestling Entertainment Inc. [WWE] shares currently have an operating margin of +22.64 and a Gross Margin at +39.73. World Wrestling Entertainment Inc.’s Net Margin is presently recorded at +13.53.

Return on Total Capital for WWE is now 22.47, given the latest momentum, and Return on Invested Capital for the company is 18.21. Return on Equity for this stock inclined to 39.68, with Return on Assets sitting at 11.51. When it comes to the capital structure of this company, World Wrestling Entertainment Inc. [WWE] has a Total Debt to Total Equity ratio set at 185.18. Additionally, WWE Total Debt to Total Capital is recorded at 64.93, with Total Debt to Total Assets ending up at 55.50. Long-Term Debt to Equity for the company is recorded at 105.79, with the Long-Term Debt to Total Capital now at 37.10.

Reflecting on the efficiency of the workforce at the company, World Wrestling Entertainment Inc. [WWE] managed to generate an average of $146,412 per employee. Receivables Turnover for the company is 11.02 with a Total Asset Turnover recorded at a value of 0.85.World Wrestling Entertainment Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

WWE Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WWE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for World Wrestling Entertainment Inc. go to 15.75%.

World Wrestling Entertainment Inc. [WWE] Insider Position Details

There are presently around $2,775 million, in the hands of institutional investors. The top three institutional holders of WWE stocks are: LINDSELL TRAIN LTD with ownership of 11,075,514, which is approximately 6.329% of the company’s market cap and around 1.10% of the total institutional ownership; BLACKROCK INC., holding 5,040,458 shares of the stock with an approximate value of $259.43 million in WWE stocks shares; and VANGUARD GROUP INC, currently with $222.64 million in WWE stock with ownership of nearly 2.088% of the company’s market capitalization.

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Positions in World Wrestling Entertainment Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 141 institutional holders increased their position in World Wrestling Entertainment Inc. [NYSE:WWE] by around 10,525,301 shares. Additionally, 129 investors decreased positions by around 10,059,601 shares, while 28 investors held positions by with 33,332,432 shares. The mentioned changes placed institutional holdings at 53,917,334 shares, according to the latest SEC report filing. WWE stock had 37 new institutional investments in for a total of 3,577,618 shares, while 55 institutional investors sold positions of 7,796,716 shares during the same period.

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