TKO Group (TKO) Set to Announce Earnings on Wednesday

TKO Group (NYSE:TKO - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect TKO Group to post earnings of $0.51 per share for the quarter. TKO Group has set its FY 2024 guidance at EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.59). TKO Group had a return on equity of 3.11% and a net margin of 3.02%. The company had revenue of $614.00 million for the quarter, compared to analysts' expectations of $619.48 million. On average, analysts expect TKO Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TKO Group Trading Up 1.2 %

Shares of NYSE TKO traded up $1.10 during trading on Wednesday, hitting $95.77. 835,967 shares of the company traded hands, compared to its average volume of 1,361,352. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $16.47 billion, a P/E ratio of 140.75 and a beta of 1.06. The company has a 50-day moving average price of $88.63 and a 200-day moving average price of $83.39. TKO Group has a 1 year low of $72.33 and a 1 year high of $106.16.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TKO. The Goldman Sachs Group assumed coverage on TKO Group in a report on Thursday, March 7th. They issued a "buy" rating and a $102.00 price objective on the stock. Bank of America started coverage on shares of TKO Group in a research note on Friday, March 15th. They set a "buy" rating and a $100.00 price objective for the company. Citigroup raised their target price on shares of TKO Group from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Morgan Stanley started coverage on TKO Group in a research report on Wednesday, February 14th. They issued an "equal weight" rating and a $95.00 price objective on the stock. Finally, Roth Mkm reiterated a "buy" rating and set a $112.00 target price on shares of TKO Group in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, TKO Group presently has a consensus rating of "Moderate Buy" and an average target price of $108.31.

Insider Buying and Selling

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the transaction, the insider now owns 9,875,129 shares of the company's stock, valued at $878,985,232.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 38.90% 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.