Media headlines about World Wrestling Entertainment (NYSE:WWE) have trended somewhat positive on Monday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. World Wrestling Entertainment earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.1480090972886 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Subscriber Growth, TV Right Fees to Drive WWE Q4 Earnings (finance.yahoo.com)
- New WWE Licensing Pacts Shouldn’t Be a ‘Raw’ Deal (finance.yahoo.com)
- World Wrestling Entertainment, Inc. (WWE) Expected to Post Quarterly Sales of $206.02 Million (americanbankingnews.com)
- World Wrestling Entertainment (WWE) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- $0.20 Earnings Per Share Expected for World Wrestling Entertainment, Inc. (WWE) This Quarter (americanbankingnews.com)
A number of brokerages have recently weighed in on WWE. JPMorgan Chase & Co. began coverage on shares of World Wrestling Entertainment in a report on Wednesday, December 6th. They issued an “overweight” rating for the company. Citigroup lowered shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, December 22nd. Wells Fargo & Co upgraded shares of World Wrestling Entertainment from a “market perform” rating to an “outperform” rating in a report on Thursday, January 4th. BTIG Research boosted their price objective on shares of World Wrestling Entertainment to $36.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Zacks Investment Research lowered shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.86.
Shares of World Wrestling Entertainment (NYSE:WWE) traded down $0.40 during midday trading on Monday, hitting $34.12. 662,054 shares of the company traded hands, compared to its average volume of 838,802. The company has a current ratio of 2.68, a quick ratio of 2.62 and a debt-to-equity ratio of 0.83. World Wrestling Entertainment has a 12 month low of $19.12 and a 12 month high of $35.85. The stock has a market capitalization of $2,630.00, a P/E ratio of 74.17, a price-to-earnings-growth ratio of 2.61 and a beta of 0.93.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Thursday, March 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, March 14th. World Wrestling Entertainment’s payout ratio is 104.35%.
In related news, CEO Vincent K. Mcmahon sold 3,340,000 shares of World Wrestling Entertainment stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $28.68, for a total value of $95,791,200.00. Following the transaction, the chief executive officer now directly owns 3,340,000 shares of the company’s stock, valued at $95,791,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 49.80% of the stock is owned by insiders.
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About World Wrestling Entertainment
World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.
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