Endeavor Group Holdings Inc [NYSE: EDR] surged by $0.79 during the normal trading session on while it closed the day at $25.39. The company report on December 1, 2023 at 8:00 AM that Endeavor Announces Q4 2023 Cash Dividend.
Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has declared a quarterly cash dividend in an aggregate amount of approximately $27 million. The dividend to Endeavor’s Class A common stockholders, following the distribution from Endeavor Operating Company to the Company, will be $0.06 per share. The dividend will be paid on December 29, 2023 to Class A common stockholders of record as of December 15, 2023.
Future declarations of quarterly dividends are subject to the determination and discretion of Endeavor based on its consideration of various factors, such as its results of operations, financial condition, market conditions, earnings, cash flow requirements, restrictions in our debt agreements and legal requirements and other factors that Endeavor deems relevant.
Endeavor Group Holdings Inc stock has also gained 7.45% of its value over the past 7 days. However, EDR stock has inclined by 41.29% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.00% and gained 7.00% year-on date.
The market cap for EDR stock reached $7.63 billion, with 290.54 million shares outstanding and 190.42 million shares in the current float. Compared to the average trading volume of 3.37M shares, EDR reached a trading volume of 11028872 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Endeavor Group Holdings Inc [EDR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDR shares is $29.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EDR stock is a recommendation set at 1.10. 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.
TD Cowen have made an estimate for Endeavor Group Holdings Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 12, 2023.
The Average True Range (ATR) for Endeavor Group Holdings Inc is set at 0.71, with the Price to Sales ratio for EDR stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 5.49. Price to Free Cash Flow for EDR in the course of the last twelve months was 45.50 with Quick ratio for the last quarter at 1.09.
EDR stock trade performance evaluation
Endeavor Group Holdings Inc [EDR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.45. With this latest performance, EDR shares gained by 8.92% in over the last four-week period, additionally plugging by 7.00% over the last 6 months – not to mention a rise of 19.31% 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 EDR stock in for the last two-week period is set at 65.20, with the RSI for the last a single of trading hit 70.06, and the three-weeks RSI is set at 62.24 for Endeavor Group Holdings Inc [EDR]. The present Moving Average for the last 50 days of trading for this stock 23.99, while it was recorded at 24.11 for the last single week of trading, and 23.08 for the last 200 days.
Endeavor Group Holdings Inc [EDR]: An insightful look at the core fundamentals
Endeavor Group Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.09.
Earnings per share (EPS) analysis for Endeavor Group Holdings Inc [EDR] stock
With the latest financial reports released by the company, Endeavor Group Holdings Inc posted 1.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 463.20%. 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 EDR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Endeavor Group Holdings Inc go to 26.20%.
Endeavor Group Holdings Inc [EDR]: Institutional Ownership
The top three institutional holders of EDR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in EDR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in EDR stock with ownership which is approximately 5.8325%.
