World Wrestling Entertainment (NYSE:WWE) Receiving Very Negative Press Coverage, InfoTrie Reports

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Media headlines about World Wrestling Entertainment (NYSE:WWE) have been trending very negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. World Wrestling Entertainment earned a media sentiment score of -3.40 on their scale. InfoTrie also gave news stories about the company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have impacted World Wrestling Entertainment’s score:

WWE has been the topic of a number of recent analyst reports. Loop Capital downgraded shares of World Wrestling Entertainment from a “hold” rating to a “sell” rating and set a $30.00 price target on the stock. in a report on Wednesday, March 25th. Benchmark increased their price target on shares of World Wrestling Entertainment from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of World Wrestling Entertainment in a report on Friday. JPMorgan Chase & Co. downgraded shares of World Wrestling Entertainment from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $80.00 to $47.00 in a report on Tuesday, February 11th. Finally, MKM Partners increased their price target on shares of World Wrestling Entertainment from $48.00 to $52.00 in a report on Friday, April 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $55.80.

Shares of NYSE WWE opened at $44.51 on Friday. World Wrestling Entertainment has a one year low of $29.10 and a one year high of $78.76. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.29. The firm’s 50 day simple moving average is $40.88 and its two-hundred day simple moving average is $50.46. The stock has a market capitalization of $3.47 billion, a P/E ratio of 32.92 and a beta of 1.47.

World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, April 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.06. World Wrestling Entertainment had a net margin of 10.45% and a return on equity of 40.28%. The firm had revenue of $291.00 million for the quarter, compared to analysts’ expectations of $259.45 million. During the same quarter last year, the business earned ($0.11) earnings per share. The business’s revenue was up 59.5% on a year-over-year basis. As a group, equities analysts expect that World Wrestling Entertainment will post 1.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, June 12th. World Wrestling Entertainment’s dividend payout ratio is 56.47%.

In other news, EVP Bradley Blum sold 16,358 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $45.32, for a total value of $741,344.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patricia A. Gottesman sold 3,408 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $37.09, for a total transaction of $126,402.72. Following the completion of the transaction, the director now owns 11,592 shares in the company, valued at approximately $429,947.28. The disclosure for this sale can be found here. Insiders sold 76,021 shares of company stock worth $3,386,496 in the last 90 days. Company insiders own 40.20% of the company’s stock.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.

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