Endeavor Group (EDR) Set to Announce Earnings on Thursday

Endeavor Group (NYSE:EDR) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. On average, analysts expect Endeavor Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Endeavor Group Stock Performance

EDR stock opened at $26.47 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24. Endeavor Group has a 1-year low of $17.65 and a 1-year high of $26.63. The business has a 50-day moving average price of $25.65 and a 200 day moving average price of $24.44. The company has a market capitalization of $18.33 billion, a P/E ratio of 25.45, a PEG ratio of 1.93 and a beta of 0.79.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.91%. Endeavor Group’s dividend payout ratio is currently 23.08%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Guggenheim reissued a “neutral” rating and issued a $27.50 price objective (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. TD Cowen upped their price objective on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Citigroup lowered Endeavor Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $29.00 to $27.50 in a research note on Monday, April 15th. Seaport Res Ptn cut shares of Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $27.50 price objective (down previously from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.30.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the sale, the chief accounting officer now directly owns 46,600 shares of the company’s stock, valued at $1,235,366. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO William K. Fullerton sold 6,750 shares of Endeavor Group stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the sale, the chief accounting officer now owns 46,600 shares in the company, valued at $1,235,366. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jason Lublin sold 46,419 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the sale, the chief financial officer now directly owns 112,457 shares of the company’s stock, valued at approximately $2,707,964.56. The disclosure for this sale can be found here. Insiders have sold a total of 183,383 shares of company stock valued at $4,496,219 in the last ninety days. 82.08% of the stock is currently owned by corporate insiders.

Endeavor Group Company Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.