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World Wrestling Entertainment - WWE Stock Forecast, Price & News

$71.81
-1.45 (-1.98%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$71.01
$73.28
50-Day Range
$59.43
$73.26
52-Week Range
$46.81
$75.23
Volume
594,393 shs
Average Volume
699,064 shs
Market Capitalization
$5.34 billion
P/E Ratio
30.05
Dividend Yield
0.66%
Price Target
$73.44

World Wrestling Entertainment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
1.1% Upside
$72.60 Price Target
Short Interest
Bearish
19.52% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of World Wrestling Entertainment in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$1 M Sold Last Quarter
Proj. Earnings Growth
10.04%
From $2.39 to $2.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Consumer Discretionary Sector

179th out of 294 stocks

Motion Picture & Video Production Industry

3rd out of 6 stocks

WWE stock logo

About World Wrestling Entertainment (NYSE:WWE) Stock

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 video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment. The Live Events segment is involved in the sale of tickets; 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, apparel, 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.

Analysts Set New Price Targets

Several analysts recently commented on WWE shares. Loop Capital upgraded World Wrestling Entertainment from a "hold" rating to a "buy" rating and reduced their target price for the company from $159.00 to $90.00 in a report on Wednesday, August 3rd. Guggenheim lifted their target price on shares of World Wrestling Entertainment from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, June 16th. JPMorgan Chase & Co. upped their price target on shares of World Wrestling Entertainment from $58.00 to $64.00 in a research report on Thursday, April 21st. MKM Partners lifted their price objective on World Wrestling Entertainment from $70.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, July 25th. Finally, Benchmark upped their target price on World Wrestling Entertainment from $71.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, World Wrestling Entertainment has an average rating of "Moderate Buy" and an average target price of $73.44.

World Wrestling Entertainment Stock Up 1.5 %

NYSE:WWE traded up $1.09 on Tuesday, hitting $73.26. The stock had a trading volume of 933,602 shares, compared to its average volume of 699,734. The company has a market cap of $5.45 billion, a PE ratio of 30.63 and a beta of 1.20. World Wrestling Entertainment has a 52 week low of $46.81 and a 52 week high of $75.23. The business's fifty day moving average is $65.88 and its 200 day moving average is $61.71. The company has a quick ratio of 1.51, a current ratio of 1.53 and a debt-to-equity ratio of 0.97.

World Wrestling Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Thursday, September 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, September 14th. World Wrestling Entertainment's payout ratio is currently 20.08%.

Insider Buying and Selling at World Wrestling Entertainment

In other news, insider Kevin Dunn sold 15,000 shares of World Wrestling Entertainment stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $66.70, for a total transaction of $1,000,500.00. Following the completion of the transaction, the insider now directly owns 271,171 shares in the company, valued at $18,087,105.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 41.40% of the stock is currently owned by company insiders.

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WWE Stock News Headlines

WrestleMania® 39 Breaks Ticket Sales Record
WWE® Reports Second Quarter 2022 Results
WWE® to Report Second Quarter 2022 Results
Sonos (SONO) Reports Break-Even Earnings for Q3
With Vince McMahon Out, Is WWE Stock a Buy?
See More Headlines
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WWE Company Calendar

Ex-Dividend for 6/27 Dividend
6/14/2022
Dividend Payable
6/27/2022
Last Earnings
8/16/2022
Today
8/17/2022
Ex-Dividend for 9/26 Dividend
9/14/2022
Dividend Payable
9/26/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Motion picture & video production
Sub-Industry
Movies & Entertainment
CUSIP
98156Q10
Employees
870
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.60
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+2.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
10 Analysts

Profitability

Net Income
$180.41 million
Pretax Margin
22.50%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$3.57 per share
Book Value
$5.09 per share

Miscellaneous

Free Float
43,566,000
Market Cap
$5.34 billion
Optionable
Optionable
Beta
1.20

Key Executives














WWE Stock - Frequently Asked Questions

Should I buy or sell World Wrestling Entertainment stock right now?

10 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 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WWE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WWE, but not buy additional shares or sell existing shares.
View WWE analyst ratings
or view top-rated stocks.

What is World Wrestling Entertainment's stock price forecast for 2022?

10 brokerages have issued twelve-month target prices for World Wrestling Entertainment's stock. Their WWE share price forecasts range from $50.00 to $90.00. On average, they expect the company's share price to reach $72.60 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts price targets for WWE
or view top-rated stocks among Wall Street analysts.

How have WWE shares performed in 2022?

World Wrestling Entertainment's stock was trading at $49.34 at the beginning of 2022. Since then, WWE shares have increased by 45.5% and is now trading at $71.81.
View the best growth stocks for 2022 here
.

Are investors shorting World Wrestling Entertainment?

World Wrestling Entertainment saw a increase in short interest in July. As of July 31st, there was short interest totaling 8,290,000 shares, an increase of 28.9% from the July 15th total of 6,430,000 shares. Based on an average daily volume of 787,000 shares, the short-interest ratio is presently 10.5 days. Currently, 19.5% of the shares of the stock are sold short.
View World Wrestling Entertainment's Short Interest
.

When is World Wrestling Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our WWE earnings forecast
.

How were World Wrestling Entertainment's earnings last quarter?

World Wrestling Entertainment, Inc. (NYSE:WWE) posted its quarterly earnings data on Tuesday, August, 16th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. The firm earned $328.20 million during the quarter, compared to the consensus estimate of $322.38 million. World Wrestling Entertainment had a net margin of 17.40% and a trailing twelve-month return on equity of 53.60%. World Wrestling Entertainment's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS.

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

World Wrestling Entertainment announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.12 per share on Monday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for WWE
.

Is World Wrestling Entertainment a good dividend stock?

World Wrestling Entertainment (NYSE:WWE) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.66%. The dividend payout ratio is 20.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WWE will have a dividend payout ratio of 18.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WWE.

What guidance has World Wrestling Entertainment issued on next quarter's earnings?

World Wrestling Entertainment issued an update on its second quarter 2022 earnings guidance on Monday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $328.00 million-$328.00 million, compared to the consensus revenue estimate of $311.84 million.

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

122 employees have rated World Wrestling Entertainment Chief Executive Officer Vince McMahon on Glassdoor.com. Vince McMahon has an approval rating of 47% among the company'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.

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), Walt Disney (DIS), Tesla (TSLA), Salesforce (CRM), PayPal (PYPL), Block (SQ), Micron Technology (MU) and 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 variety of retail and institutional investors. Top institutional investors include Lindsell Train Ltd (12.09%), UBS Asset Management Americas Inc. (2.16%), Renaissance Technologies LLC (1.65%), Victory Capital Management Inc. (1.57%), Principal Financial Group Inc. (1.57%) and State Street Corp (1.53%). Insiders that own company stock include Bradley Blum, Kevin Dunn, Patricia A Gottesman, Paul Levesque, Stephanie Levesque and Stephanie Levesque.
View institutional ownership trends
.

How do I buy shares of World Wrestling Entertainment?

Shares of WWE stock 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 $71.81.

How much money does World Wrestling Entertainment make?

World Wrestling Entertainment (NYSE:WWE) has a market capitalization of $5.34 billion and generates $1.10 billion in revenue each year. The company earns $180.41 million in net income (profit) each year or $2.39 on an earnings per share basis.

How many employees does World Wrestling Entertainment have?

The company employs 870 workers across the globe.

How can I contact World Wrestling Entertainment?

World Wrestling Entertainment's mailing address is 1241 E MAIN ST, STAMFORD CT, 06902. The official website for the company is corporate.wwe.com. The company can be reached via phone at (203) 352-8600, via email at investor.relations@wwecorp.com, or via fax at 203-359-5151.

This page (NYSE:WWE) was last updated on 8/17/2022 by MarketBeat.com Staff

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