World Wrestling Entertainment (WWE) Earning Somewhat Favorable Media Coverage, Report Shows

News coverage about World Wrestling Entertainment (NYSE:WWE) has been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. World Wrestling Entertainment earned a daily sentiment score of 0.09 on AlphaOne’s scale. AlphaOne also assigned media coverage about the company an impact score of 80 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Alpha One’s analysis:

Insider Buying and Selling by Quarter for World Wrestling Entertainment (NYSE:WWE)

A number of research analysts have commented on the stock. BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research report on Sunday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research report on Tuesday, April 4th. Citigroup Inc. assumed coverage on shares of World Wrestling Entertainment in a research report on Monday, March 27th. They set a “buy” rating and a $25.00 target price on the stock. ValuEngine raised shares of World Wrestling Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet raised shares of World Wrestling Entertainment from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. World Wrestling Entertainment presently has a consensus rating of “Hold” and a consensus price target of $24.11.

World Wrestling Entertainment (WWE) opened at 20.70 on Tuesday. The stock has a 50 day moving average of $20.29 and a 200-day moving average of $20.37. The stock has a market cap of $1.58 billion, a P/E ratio of 76.67 and a beta of 0.79. World Wrestling Entertainment has a 12 month low of $16.77 and a 12 month high of $23.14.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, May 4th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.03. World Wrestling Entertainment had a return on equity of 11.35% and a net margin of 2.79%. The firm had revenue of $188.40 million for the quarter, compared to analysts’ expectations of $183.41 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts forecast that World Wrestling Entertainment will post $0.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Thursday, June 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.32%. World Wrestling Entertainment’s payout ratio is 184.62%.

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World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WWE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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