Somewhat Favorable News Coverage Somewhat Unlikely to Affect World Wrestling Entertainment (WWE) Stock Price

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Media stories about World Wrestling Entertainment (NYSE:WWE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. World Wrestling Entertainment earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.7422862270581 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

A number of brokerages recently weighed in on WWE. KeyCorp lifted their price objective on shares of World Wrestling Entertainment from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, May 4th. Zacks Investment Research cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. Wells Fargo & Co set a $43.00 price objective on World Wrestling Entertainment and gave the stock a “buy” rating in a report on Tuesday, April 10th. Guggenheim set a $44.00 target price on World Wrestling Entertainment and gave the company a “buy” rating in a research note on Tuesday, April 10th. Finally, ValuEngine raised World Wrestling Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.91.

NYSE:WWE traded up $0.41 during trading hours on Thursday, reaching $61.99. The company had a trading volume of 1,237,767 shares, compared to its average volume of 1,015,439. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.26 and a quick ratio of 3.18. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 95.37 and a beta of 0.98. World Wrestling Entertainment has a one year low of $20.09 and a one year high of $63.47.

World Wrestling Entertainment (NYSE:WWE) last announced its earnings results on Thursday, May 3rd. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $187.70 million for the quarter, compared to analysts’ expectations of $194.34 million. World Wrestling Entertainment had a return on equity of 23.28% and a net margin of 5.81%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. research analysts expect that World Wrestling Entertainment will post 0.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, June 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, June 14th. World Wrestling Entertainment’s payout ratio is 73.85%.

World Wrestling Entertainment Company Profile

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. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

Insider Buying and Selling by Quarter for World Wrestling Entertainment (NYSE:WWE)

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