TKO Group (NYSE:TKO) Announces Quarterly Earnings Results, Beats Estimates By $0.13 EPS

TKO Group (NYSE:TKO) issued its quarterly earnings data on Wednesday. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.20 by $0.13, FiscalAI reports. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%.

TKO Group Price Performance

Shares of TKO traded up $6.05 during midday trading on Wednesday, reaching $193.25. The stock had a trading volume of 1,754,614 shares, compared to its average volume of 1,217,411. The company’s 50-day moving average is $182.51 and its 200 day moving average is $193.32. TKO Group has a 12-month low of $170.14 and a 12-month high of $226.94. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $36.58 billion, a price-to-earnings ratio of 67.81 and a beta of 0.66.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.16 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is 110.88%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Sanford C. Bernstein raised their price target on shares of TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Seaport Research Partners reiterated a “buy” rating on shares of TKO Group in a research report on Friday, October 9th. Arete Research raised TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Tuesday, October 20th. Susquehanna reduced their target price on TKO Group from $235.00 to $224.00 and set a “positive” rating for the company in a research report on Friday, October 16th. Finally, Guggenheim decreased their target price on TKO Group from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $228.65.

Insider Transactions at TKO Group

In related news, Director Nick Khan sold 9,589 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $197.17, for a total value of $1,890,663.13. Following the completion of the sale, the director owned 39,344 shares in the company, valued at $7,757,456.48. The trade was a 19.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark Shapiro sold 19,120 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $3,716,736.80. Following the completion of the sale, the insider directly owned 147,071 shares of the company’s stock, valued at approximately $28,589,131.69. This represents a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 97,325 shares of company stock valued at $18,798,012. 64.30% of the stock is currently owned by corporate insiders.

About TKO Group

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.