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World Wrestling Entertainment, Inc. (WWE)

NYSE - NYSE Delayed Price. Currency in USD
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44.17-2.44 (-5.23%)
At close: 4:00PM EDT
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Previous Close46.61
Bid0.00 x 900
Ask0.00 x 800
Day's Range43.80 - 47.00
52 Week Range29.10 - 76.44
Avg. Volume673,371
Market Cap3.419B
Beta (5Y Monthly)1.49
PE Ratio (TTM)26.48
EPS (TTM)1.67
Earnings DateOct 29, 2020 - Nov 02, 2020
Forward Dividend & Yield0.48 (1.03%)
Ex-Dividend DateSep 14, 2020
1y Target Est52.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Why WWE's Focus On Engagement, Cost Cutting During Pandemic Could Pay Off

    Why WWE's Focus On Engagement, Cost Cutting During Pandemic Could Pay Off

    World Wrestling Entertainment, Inc. (NYSE: WWE) shares traded up 2.3% on Friday after the company reported better-than-expected second-quarter earnings.WWE reported adjusted EPS of 52 cents in the quarter, beating analyst estimates of just 15 cents. However, revenue was down 17% to just $223.4 million, missing analyst estimates of $231 million.The COVID-19 outbreak has devastated WWE's live events revenue, which was down nearly 98% to just $1 million.Cost Cutting Pays Off: Morgan Stanley analyst Benjamin Swinburne said WWE's earnings beat suggests the company's cost-cutting efforts are helping offset COVID-19 disruptions."WWE is successfully managing its expenditures during the pandemic, while benefiting from its predictable, contractually locked in TV rights revenues," Swinburne wrote.He said WWE is actually on track to post year-over-year EBITDA growth in 2020. WWE has been producing all of its live TV content from its performance center in Florida, which has allowed the company to meet its content obligations at significantly lower costs.Focusing On Engagement: Needham analyst Laura Martin said digital video views were up 1% to 9.9 billion and viewing hours were up 15% to 374 million thanks to the lack of live events and shelter-in-place environment. Wrestlemania video views were up 20% from a year ago despite the event being taped in the Performance Center without an audience.View more earnings on WWE"In addition, WWE launched a free version of the WWE Network which could draw incremental fans into the WWE universe, and ultimately convert them into paid subs," Martin wrote.She said the company's focus on viewer engagement and cost discipline should pay off for investors in the long-term.Morgan Stanley has an Equal-Weight rating and $52 price target for WWE. Needham has a Buy rating and $50 target.The stock trades around $46.39 per share.Related Links:Here's What Martha Hart Thinks About Vince McMahon And Bret Hart Vice's Owen Hart Documentary Revisits WWE's Darkest DayPhoto credit: Ed Webster, FlickrLatest Ratings for WWE DateFirmActionFromTo Jul 2020Morgan StanleyMaintainsEqual-Weight Jul 2020RosenblattMaintainsBuy Jul 2020JP MorganMaintainsNeutral View More Analyst Ratings for WWE View the Latest Analyst Ratings See more from Benzinga * Analysts Bullish On Google Following Mixed Quarter, With Ads Trending In The Right Direction * Amazon's Post-Earnings Run Mirrors Positive Voices From The Street * Big Tech Stocks Among The Most Shorted In The Market(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Benzinga

    P/E Ratio Insights for World Wrestling Entertainment

    Looking into the current session, World Wrestling Entertainment Inc. (NYSE: WWE) shares are trading at $48.67, after a 7.34% increase. Moreover, over the past month, the stock increased by 4.94%, but in the past year, decreased by 26.15%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently above from its 52 week low by 67.25%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Entertainment stocks, and capitalize on the lower share price observed over the year.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.View more earnings on WWEDepending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of the 36.95 in the Entertainment industry, World Wrestling Enter Inc. has a lower P/E ratio of 35.77. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For July 31, 2020 * A Look Into Caterpillar's Debt * Merck's Debt Overview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.