Research Analysts Offer Predictions for TKO Group Holdings, Inc.'s Q2 2024 Earnings (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO - Free Report) - Equities researchers at Roth Capital boosted their Q2 2024 earnings estimates for shares of TKO Group in a research note issued to investors on Thursday, May 9th. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of $0.86 for the quarter, up from their previous forecast of $0.82. The consensus estimate for TKO Group's current full-year earnings is $2.38 per share. Roth Capital also issued estimates for TKO Group's Q4 2024 earnings at $0.47 EPS, FY2025 earnings at $3.37 EPS and FY2026 earnings at $5.15 EPS.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.59). The firm had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%.

TKO has been the topic of a number of other research reports. Morgan Stanley initiated coverage on shares of TKO Group in a report on Wednesday, February 14th. They issued an "equal weight" rating and a $95.00 price target on the stock. Bank of America initiated coverage on shares of TKO Group in a report on Friday, March 15th. They issued a "buy" rating and a $100.00 price target on the stock. Moffett Nathanson assumed coverage on shares of TKO Group in a report on Monday, January 29th. They issued a "neutral" rating and a $95.00 price target on the stock. Jefferies Financial Group boosted their target price on shares of TKO Group from $120.00 to $131.00 and gave the company a "buy" rating in a report on Friday, April 12th. Finally, Roth Mkm boosted their target price on shares of TKO Group from $112.00 to $121.00 and gave the company a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.00.

TKO Group Stock Performance

Shares of NYSE:TKO traded up $1.80 during mid-day trading on Friday, reaching $100.00. The company had a trading volume of 1,212,422 shares, compared to its average volume of 1,340,927. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 147.06 and a beta of 1.03. The company's 50-day moving average price is $90.39 and its 200-day moving average price is $84.26. TKO Group has a one year low of $72.33 and a one year high of $106.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in TKO Group by 34.0% in the first quarter. Fifth Third Bancorp now owns 544 shares of the company's stock worth $47,000 after acquiring an additional 138 shares in the last quarter. Picton Mahoney Asset Management boosted its position in TKO Group by 8.7% during the fourth quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company's stock valued at $152,000 after buying an additional 150 shares during the period. State of Michigan Retirement System boosted its position in TKO Group by 2.1% during the first quarter. State of Michigan Retirement System now owns 14,710 shares of the company's stock valued at $1,271,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement System boosted its position in TKO Group by 1.8% during the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company's stock valued at $1,486,000 after buying an additional 300 shares during the period. Finally, Strengthening Families & Communities LLC purchased a new stake in TKO Group during the third quarter valued at about $26,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 53.80% of the company's stock.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.