World Wrestling Entertainment (NYSE:WWE) EVP Stephanie Levesque sold 114,972 shares of World Wrestling Entertainment stock on the open market in a transaction dated Monday, August 5th. The stock was sold at an average price of $10.39, for a total value of $1,194,559.08. Following the sale, the executive vice president now directly owns 51,945 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on WWE. Analysts at Zacks downgraded shares of World Wrestling Entertainment from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $9.80 price target on the stock. Analysts at Sidoti upgraded shares of World Wrestling Entertainment from a “neutral” rating to a “buy” rating in a research note to investors on Friday, June 28th.
Shares of World Wrestling Entertainment (NYSE:WWE) traded up 0.58% during mid-day trading on Monday, hitting $10.46. World Wrestling Entertainment has a one year low of $7.50 and a one year high of $11.33. The stock’s 50-day moving average is currently $10.52. The company has a market cap of $782.4 million and a P/E ratio of 63.03.
World Wrestling Entertainment (NYSE:WWE) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.07. The company had revenue of $152.30 million for the quarter, compared to the consensus estimate of $138.40 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that World Wrestling Entertainment will post $0.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 25th. Stockholders of record on Friday, September 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Wednesday, September 11th.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company, principally engaged in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.