NYSE:WWE

World Wrestling Entertainment Stock Forecast, Price & News

$52.49

+3.09 (+6.26 %)

(As of 03/1/2021 12:00 AM ET)

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Today's Range

$50.06

Now: $52.49▼

$52.77

50-Day Range

$46.41

MA: $50.78▼

$57.58

52-Week Range

$29.10

Now: $52.49▼

$60.00

Volume2.47 million shs

Average Volume1.42 million shs

Market Capitalization$4.08 billion

P/E Ratio31.43

Dividend Yield0.97%

Beta1.42

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 through 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. The Live Events segment is involved in the sale of tickets, including primary and secondary distribution; provision of event services; and sale of travel packages related to its live events. The Consumer Products segment engages in merchandising of WWE branded products, such as video games, toys, apparels, and books through licensing arrangements and direct-to-consumer sales, as well as through e-commerce platforms. World Wrestling Entertainment, Inc. was founded in 1980 and is headquartered in Stamford, Connecticut.

Headlines

WWE superstar Big E launches animated series to teach kids Black history
March 1, 2021 | finance.yahoo.com

Sportsnet and WWE Expand Programming Agreement to Include NXT Live Broadcasts, Starting This Wednesday
February 22, 2021 | finance.yahoo.com

WWE: Indie Hartwell the latest invader in a growing group of Australasia's pro wrestling mafia
February 16, 2021 | msn.com

Rapper Bad Bunny Dominating WWE Merchandise Sales
February 11, 2021 | forbes.com

WWE And Victoria Beer Partnership Gets Off To Flying Start With In-Ring Integration
February 10, 2021 | forbes.com

This Day In Market History: WWE Admits Pro Wrestling Is Performance, Not Sport
February 10, 2021 | finance.yahoo.com

Five Wrestling legends who didn't win a single WWE title
February 10, 2021 | msn.com

Gabbi Tuft, WWE Wrestling Star, Comes Out as Transgender
February 5, 2021 | msn.com

WWE Q4 earnings were a bust but it still had a record-breaking year
February 5, 2021 | finance.yahoo.com

World Wrestling (WWE) Posts Q4 Earnings Beat, Revenues Down Y/Y
February 5, 2021 | finance.yahoo.com

WWE® Reports Record 2020 Results and 2021 Business Outlook
February 4, 2021 | finance.yahoo.com

WWE shares dip 4% on steep drop in revenue
February 4, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Motion picture & video production

Sub-IndustryMovies & Entertainment

SectorConsumer Discretionary

Current SymbolNYSE:WWE

Previous Symbol

CUSIP98156Q10

CIK1091907

Webcorporate.wwe.com

Phone203-352-8600

Employees900

Year FoundedN/A

Debt

Debt-to-Equity Ratio1.14

Current Ratio1.29

Quick Ratio1.27

Price-To-Earnings

Trailing P/E Ratio31.43

Forward P/E Ratio34.53

P/E GrowthN/A

Sales & Book Value

Annual Sales$960.40 million

Price / Sales4.25

Cash Flow$2.92 per share

Price / Cash Flow17.97

Book Value$3.56 per share

Price / Book14.74

Profitability

EPS (Most Recent Fiscal Year)$0.85

Net Income$77.06 million

Net Margins14.18%

Return on Equity48.59%

Return on Assets13.53%

Miscellaneous

Outstanding Shares77,794,000

Market Cap$4.08 billion

Next Earnings Date4/22/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

2.43 out of 5 stars

Consumer Discretionary Sector

11th out of 569 stocks

Motion Picture & Video Production Industry

1st out of 17 stocks

2.3 Analyst's Opinion

Consensus Rating
World Wrestling Entertainment has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 8 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $54.83, World Wrestling Entertainment has a forecasted upside of 4.5% from its current price of $52.49.
Amount of Analyst Coverage
World Wrestling Entertainment has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
World Wrestling Entertainment has received 475 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
World Wrestling Entertainment has received 425 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
World Wrestling Entertainment has received 52.78% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about World Wrestling Entertainment and other stocks. Vote “Outperform” if you believe WWE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WWE will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
World Wrestling Entertainment has a dividend yield of 0.97%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
World Wrestling Entertainment has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of World Wrestling Entertainment is 56.47%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, World Wrestling Entertainment will have a dividend payout ratio of 25.81% next year. This indicates that World Wrestling Entertainment will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, World Wrestling Entertainment insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,343,700.00 in company stock.
Percentage Held by Insiders
40.20% of the stock of World Wrestling Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
67.50% of the stock of World Wrestling Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for World Wrestling Entertainment are expected to grow by 22.37% in the coming year, from $1.52 to $1.86 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of World Wrestling Entertainment is 31.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 33.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of World Wrestling Entertainment is 31.43, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 47.22.
Price to Book Value per Share Ratio
World Wrestling Entertainment has a P/B Ratio of 14.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$52.49

+3.09 (+6.26 %)

(As of 03/1/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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World Wrestling Entertainment (NYSE:WWE) Frequently Asked Questions

Is World Wrestling Entertainment a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for World Wrestling Entertainment in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" World Wrestling Entertainment stock.
View analyst ratings for World Wrestling Entertainment or view top-rated stocks.

What stocks does MarketBeat like better than World Wrestling Entertainment?

Wall Street analysts have given World Wrestling Entertainment a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but World Wrestling Entertainment wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is World Wrestling Entertainment's next earnings date?

World Wrestling Entertainment is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for World Wrestling Entertainment.

How were World Wrestling Entertainment's earnings last quarter?

World Wrestling Entertainment, Inc. (NYSE:WWE) issued its quarterly earnings data on Thursday, February, 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.04. World Wrestling Entertainment had a net margin of 14.18% and a trailing twelve-month return on equity of 48.59%.
View World Wrestling Entertainment's earnings history.

How has World Wrestling Entertainment's stock price been impacted by Coronavirus?

World Wrestling Entertainment's stock was trading at $38.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WWE shares have increased by 35.6% and is now trading at $52.49.
View which stocks have been most impacted by COVID-19.

How often does World Wrestling Entertainment pay dividends? What is the dividend yield for World Wrestling Entertainment?

World Wrestling Entertainment declared a quarterly dividend on Thursday, January 28th. Stockholders of record on Monday, March 15th will be given a dividend of $0.12 per share on Thursday, March 25th. This represents a $0.48 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, March 12th.
View World Wrestling Entertainment's dividend history.

Is World Wrestling Entertainment a good dividend stock?

World Wrestling Entertainment pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.97%. World Wrestling Entertainment does not yet have a strock track record of dividend growth. The dividend payout ratio of World Wrestling Entertainment is 56.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, World Wrestling Entertainment will have a dividend payout ratio of 25.81% next year. This indicates that World Wrestling Entertainment will be able to sustain or increase its dividend.
View World Wrestling Entertainment's dividend history.

What price target have analysts set for WWE?

13 analysts have issued 1-year price targets for World Wrestling Entertainment's shares. Their forecasts range from $30.00 to $66.00. On average, they expect World Wrestling Entertainment's share price to reach $54.83 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts' price targets for World Wrestling Entertainment or view top-rated stocks among Wall Street analysts.

Who are World Wrestling Entertainment's key executives?

World Wrestling Entertainment's management team includes the following people:

Mr. Vincent K. McMahon, Co-Founder, Chairman & CEO (Age 75, Pay $1.83M)
Ms. Stephanie McMahon Levesque, Chief Brand Officer & Director (Age 44, Pay $1.53M)
Mr. Paul Levesque, Exec. VP of Global Talent Strategy & Devel. and Director (Age 51, Pay $2.83M)
Mr. Nick Khan, Pres & Chief Revenue Officer
Ms. Kristina M. Salen, Chief Financial Officer (Age 50)
Mr. Bradley M. Blum, Exec. VP of Operations (Age 48)
Ms. Karen M. Mullane, Chief Accounting Officer & Controller (Age 56)
Mr. Rajan Mehta, CTO & Exec. VP
Mr. Michael Weitz, Sr. VP of Investor Relations
Mr. Brian M. Nurse, Sr. VP, Gen. Counsel & Sec. (Age 49)

What is Vince McMahon's approval rating as World Wrestling Entertainment's CEO?

122 employees have rated World Wrestling Entertainment CEO Vince McMahon on Glassdoor.com. Vince McMahon has an approval rating of 47% among World Wrestling Entertainment's employees. This puts Vince McMahon in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 55.0% of employees surveyed would recommend working at World Wrestling Entertainment to a friend.

Who are some of World Wrestling Entertainment's key competitors?

Some companies that are related to World Wrestling Entertainment include The Walt Disney (DIS), Live Nation Entertainment (LYV), News (NWSA), Cinemark (CNK) and Reading International (RDI).
View all of WWE's competitors.

What other stocks do shareholders of World Wrestling Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other World Wrestling Entertainment investors own include Alibaba Group (BABA), NVIDIA (NVDA), Netflix (NFLX), The Walt Disney (DIS), Tesla (TSLA), salesforce.com (CRM), PayPal (PYPL), Square (SQ), Micron Technology (MU) and The Boeing (BA).

What is World Wrestling Entertainment's stock symbol?

World Wrestling Entertainment trades on the New York Stock Exchange (NYSE) under the ticker symbol "WWE."

Who are World Wrestling Entertainment's major shareholders?

World Wrestling Entertainment's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.40%), Clearbridge Investments LLC (2.21%), UBS Asset Management Americas Inc. (2.07%), Korea Investment CORP (1.38%), Renaissance Technologies LLC (1.04%) and Rice Hall James & Associates LLC (0.95%). Company insiders that own World Wrestling Entertainment stock include Bradley Blum, George A Barrios, Kevin Dunn, Michelle D Wilson, Patricia A Gottesman, Paul Levesque, Stephanie Levesque and Vincent K Mcmahon.
View institutional ownership trends for World Wrestling Entertainment.

Which institutional investors are selling World Wrestling Entertainment stock?

WWE stock was sold by a variety of institutional investors in the last quarter, including Sirios Capital Management L P, Wells Fargo & Company MN, Victory Capital Management Inc., Rice Hall James & Associates LLC, Voloridge Investment Management LLC, Aristotle Capital Boston LLC, Great Lakes Advisors LLC, and Pinnacle Associates Ltd.. Company insiders that have sold World Wrestling Entertainment company stock in the last year include Bradley Blum, Kevin Dunn, Patricia A Gottesman, Paul Levesque, and Stephanie Levesque.
View insider buying and selling activity for World Wrestling Entertainment or view top insider-selling stocks.

Which institutional investors are buying World Wrestling Entertainment stock?

WWE stock was acquired by a variety of institutional investors in the last quarter, including UBS Asset Management Americas Inc., Renaissance Technologies LLC, Solus Alternative Asset Management LP, Morgan Stanley, BlackRock Inc., Royce & Associates LP, Healthcare of Ontario Pension Plan Trust Fund, and Healthcare of Ontario Pension Plan Trust Fund.
View insider buying and selling activity for World Wrestling Entertainment or or view top insider-buying stocks.

How do I buy shares of World Wrestling Entertainment?

Shares of WWE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is World Wrestling Entertainment's stock price today?

One share of WWE stock can currently be purchased for approximately $52.49.

How much money does World Wrestling Entertainment make?

World Wrestling Entertainment has a market capitalization of $4.08 billion and generates $960.40 million in revenue each year. The company earns $77.06 million in net income (profit) each year or $0.85 on an earnings per share basis.

How many employees does World Wrestling Entertainment have?

World Wrestling Entertainment employs 900 workers across the globe.

What is World Wrestling Entertainment's official website?

The official website for World Wrestling Entertainment is corporate.wwe.com.

Where are World Wrestling Entertainment's headquarters?

World Wrestling Entertainment is headquartered at 1241 E MAIN ST, STAMFORD CT, 06902.

How can I contact World Wrestling Entertainment?

World Wrestling Entertainment's mailing address is 1241 E MAIN ST, STAMFORD CT, 06902. The company can be reached via phone at 203-352-8600 or via email at [email protected]

This page was last updated on 3/2/2021 by MarketBeat.com Staff

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