NYSE:WWE

World Wrestling Entertainment Stock Forecast, Price & News

$38.28

-0.32 (-0.83 %)

(As of 10/23/2020 12:00 AM ET)

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Today's Range

$38.13

Now: $38.28▼

$39.26

50-Day Range

$38.35

MA: $40.45▼

$43.08

52-Week Range

$29.10

Now: $38.28▼

$69.77

Volume572,333 shs

Average Volume653,599 shs

Market Capitalization$2.98 billion

P/E Ratio22.92

Dividend Yield1.24%

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. The company was founded in 1980 and is headquartered in Stamford, Connecticut.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
World Wrestling Entertainment has received a consensus rating of Buy. The company's average rating score is 2.62, and is based on 9 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $51.69, World Wrestling Entertainment has a forecasted upside of 35.0% from its current price of $38.28.
Amount of Analyst Coverage
World Wrestling Entertainment has been the subject of 8 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 470 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
World Wrestling Entertainment has received 417 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
World Wrestling Entertainment has received 52.99% “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 1.24%, 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.

2.0 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 $2,255,710.00 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.

1.9 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 22.92, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of World Wrestling Entertainment is 22.92, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 58.18.
Price to Book Value per Share Ratio
World Wrestling Entertainment has a P/B Ratio of 10.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.49 out of 5 stars

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

Employees960

Debt

Debt-to-Equity Ratio1.14

Current Ratio1.29

Quick Ratio1.27

Price-To-Earnings

Trailing P/E Ratio22.92

Forward P/E Ratio25.18

P/E GrowthN/A

Sales & Book Value

Annual Sales$960.40 million

Price / Sales3.10

Cash Flow$2.13 per share

Price / Cash Flow17.97

Book Value$3.56 per share

Price / Book10.75

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 Shares77,790,000

Market Cap$2.98 billion

Next Earnings Date10/29/2020 (Confirmed)

OptionableOptionable

$38.28

-0.32 (-0.83 %)

(As of 10/23/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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World Wrestling Entertainment (NYSE:WWE) Frequently Asked Questions

How has World Wrestling Entertainment's stock price been impacted by Coronavirus (COVID-19)?

World Wrestling Entertainment's stock was trading at $38.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WWE stock has decreased by 1.1% and is now trading at $38.28.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of World Wrestling Entertainment?

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, 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for World Wrestling Entertainment.

When is World Wrestling Entertainment's next earnings date?

World Wrestling Entertainment is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for World Wrestling Entertainment.

How can I listen to World Wrestling Entertainment's earnings call?

World Wrestling Entertainment will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were World Wrestling Entertainment's earnings last quarter?

World Wrestling Entertainment, Inc. (NYSE:WWE) posted its quarterly earnings results on Thursday, July, 30th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.37. The business had revenue of $223.40 million for the quarter, compared to the consensus estimate of $228.89 million. World Wrestling Entertainment had a net margin of 14.18% and a return on equity of 48.59%.
View World Wrestling Entertainment's earnings history.

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 Friday, October 23rd. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.12 per share on Monday, December 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, December 14th.
View World Wrestling Entertainment's dividend history.

What price target have analysts set for WWE?

13 analysts have issued 12 month price targets for World Wrestling Entertainment's stock. Their forecasts range from $30.00 to $76.00. On average, they anticipate World Wrestling Entertainment's stock price to reach $51.69 in the next year. This suggests a possible upside of 35.0% from the stock's current price.
View analysts' price targets for World Wrestling Entertainment.

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), Madison Square Garden (MSG), Cinemark (CNK) and Reading International (RDI).
View all 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).

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 74, Pay $1.83M)
Ms. Stephanie McMahon Levesque, Chief Brand Officer & Director (Age 43, Pay $1.53M)
Mr. Paul Levesque, Exec. VP of Global Talent Strategy & Devel. and Director (Age 50, Pay $2.83M)
Mr. Nick Khan, Pres & Chief Revenue Officer
Ms. Kristina M. Salen, Chief Financial Officer (Age 49)

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 institutional and retail investors. Top institutional investors include Pinnacle Associates Ltd. (0.20%), Retirement Systems of Alabama (0.08%), Nissay Asset Management Corp Japan ADV (0.03%), Pacer Advisors Inc. (0.01%) and State of Alaska Department of Revenue (0.01%). 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 major investors are selling World Wrestling Entertainment stock?

WWE stock was sold by a variety of institutional investors in the last quarter, including Nissay Asset Management Corp Japan ADV, Pinnacle Associates Ltd., and State of Alaska Department of Revenue. 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.

Which major investors are buying World Wrestling Entertainment stock?

WWE stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., and Retirement Systems of Alabama.
View insider buying and selling activity for World Wrestling Entertainment.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is World Wrestling Entertainment's stock price today?

One share of WWE stock can currently be purchased for approximately $38.28.

How big of a company is World Wrestling Entertainment?

World Wrestling Entertainment has a market capitalization of $2.98 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. World Wrestling Entertainment employs 960 workers across the globe.

What is World Wrestling Entertainment's official website?

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

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 10/24/2020 by MarketBeat.com Staff

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