WWE - World Wrestling Entertainment, Inc.
60.42 -0.01 (-0.02%)
After hours: 5:40PM EST
| Previous Close | 59.09 |
| Open | 59.93 |
| Bid | 60.45 x 800 |
| Ask | 62.50 x 1400 |
| Day's Range | 59.87 - 60.64 |
| 52 Week Range | 52.69 - 100.45 |
| Volume | 814,371 |
| Avg. Volume | 1,343,645 |
| Market Cap | 4.747B |
| Beta (5Y Monthly) | 1.35 |
| PE Ratio (TTM) | 111.08 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.48 (0.81%) |
| Ex-Dividend Date | Dec 11, 2019 |
| 1y Target Est | N/A |
- American City Business Journals
Thaddeus Bullard Q&A: The WWE superstar weighs in on the WrestleMania opportunity, life after wrestling and more
In a wide-ranging conversation, Thaddeus Bullard, aka WWE superstar Titus O'Neil, shares insights about his career, coaching other wrestlers and more.
- American City Business Journals
Wrestlemania Tampa is set to provide epic impact
The most recent WrestleMania in New Orleans generated $165.4 million in economic impact and WWE is hoping Tampa will see the same impact or greater.
- American City Business Journals
Bidding war: How Tampa Bay snagged WrestleMania 36
Tampa Bay will host WrestleMania 36 in April, here is a look behind the bid process and how the Tampa Bay Sports Commission got the event.
- American City Business Journals
Thaddeus Bullard brings ‘transformational’ change to Sligh Middle Magnet School
You may know him better by his ring name Titus O'Neil, but here is how Thaddeus Bullard is making a change in Tampa Bay.
- TipRanks
Is It Time to Buy These 3 Beaten-Down Stocks? Analysts Say Yes
The term 'buy when there's blood in the streets' was coined in the 18th century by Baron Rothchild. The contrarian act, as most investors know, is a preemptive call to load up on shares of downtrodden and badly performing companies that have recently taken a severe beating in the market but present the perfect timing to invest. While some investors automatically avoid underperforming names, the ones willing to take the risk can often receive handsome reward once the company at question executes a turnaround.Wall Street pros know the system well and are often on the lookout for such opportunities. With this in mind, We'll open up the TipRanks database and take a look at three beaten down stock which those in the know think are ripe for a trend reversal. We used TipRanks’ Stock Screener to get the lowdown, and we also noticed that currently all three boast Strong Buy consensus ratings from the Street. Let’s check them out.World Wrestling Entertainment (WWE)Talk about bloody and beaten down stocks leads us nicely into the first name on our list; World Wrestling Entertainment. In contrast to the S&P 500’s record breaking performance last year, WWE lost almost 13% of its share price in 2019. The drop was reflected in WWE’s waning popularity – lower live attendances and TV ratings on top of less streaming subscribers are all worrying trends for the company.That’s the bad news, then. The good news is that WWE has taken care of TV revenue for the next 5 years. The company’s new US deal for its Raw and SmackDown programs should see it pocket in the region of $500 million annually over the period, which is approximately double what it made in the past year. Furthermore, its NXT brand brings in from Comcast an additional $30 million a year. With more international deals in place, the question is whether the company can turn around the declining figures to ensure its longevity once the current deals expire.Needham’s Laura Martin thinks WWE has what it takes. The 5-star analyst recently interviewed WWE’s management and came away confident in its prospects. Martin said, “WWE believes it can continue to grow US subs, even in the context of more fragmentation of audiences, suggesting that super-fandom niche OTT service are largely immune from the Streaming Wars between deep-pocketed general entertainment SVOD services. If true, this has positive implications for WWE's pricing power. Also, WWE uses social media and its linear TV air-time to lower its customer acquisition costs for its new OTT subscribers."Martin, therefore, reiterated her Buy rating on WWE. The 5-star analyst’s price target comes in at $88 and represents potential upside of 40%. (To watch Martin’s track record, click here)The Street agrees. A unanimous 10 Buy ratings dished out over the last 3 months presents WWE with a Strong Buy consensus rating. The average price target of $81.56 implies possible upside of 30%. (See WWE stock analysis on TipRanks)Ollie's Bargain Outlet (OLLI)Ollie's Bargain Outlet stock had quite a ride last year, increasing by over 50% before crashing back down whilst shedding 40% of its value. 2020 hasn’t kicked off all that well either; Ollie’s is down by nearly 18% year-to-date.The sell-off comes despite a better than expected F3Q19 report. Net sales of $327 million represented an improvement of 15.3% year-over-year and resulted in adjusted (non-GAAP) net income of $26.8 million, an increase of 28% over the same period in the prior year.Ollie’s has also been expanding opportunistically; last year the company bought 12 Toys R Us locations and leased six others around the country following the former toy giant’s bankruptcy. It also purchased almost $200 million dollars of toys from Toys R Us suppliers’ excess inventory.So, with Mr. Market being unkind to Ollie’s, should investors stay away? Not according to RBC analyst Scot Ciccarelli.The 5-star analyst believes the recent sell-off spells opportunity, noting, “We think Ollie’s has one of the best long-term store growth profiles in the Hardlines/Broadlines Retail sector. Further, the company’s stores generate strong cash-on-cash returns of ~60%+, with 4-wall EBITDA of $585,000–600,000 ($630,000 in most recent vintages) on an initial $1 million investment. In addition, its constantly changing/treasure hunt-oriented shopping experience, coupled with its steep clearance-level prices, should help insulate the company against e-commerce cannibalization.”Accordingly, Ciccarelli reiterated an Outperform rating on Ollie’s, while raising his price target from $69 to $76. The new price target represents possible gains in the shape of 42.5%. (To watch Ciccarelli’s track record, click here)Based on the consensus breakdown, the majority on the Street also back the discount retailer’s prospects in 2020. 4 Buys and a single hold assigned over the last 3 months amount to a Strong Buy consensus rating. At $72, the average price target presents possible upside of ~36%. (See OLLI stock analysis on TipRanks)Madrigal Pharmaceuticals Inc (MDGL)Completing our trio of beaten down stocks is Madrigal Pharmaceuticals, which saw its shares falling nearly 20% in 2019.In mid-December, the drugmaker's shares responded negatively to the announcement that a few investment funds affiliated with Bay City Capital are heading for the exits. The funds offered 1,200,000 Madrigal shares at $107.85 apiece -- a 9% discount to the previous closing price. In other words, the funds probably had to price the offering at a discount simply to entice investors.But things aren’t as bad as they may seem, argues Evercore analyst Joshua Schimmer.Madrigal is one of several companies hoping to bring a therapy for NASH disease (Non-Alcoholic SteatoHepatitis), a fatty liver disease that due to the obesity epidemic has been attracting lots of investment capital in search of a possible treatment. NASH medications are expected to increase into a massive market over the next decade, and as there are currently no NASH-specific drugs available, whoever brings a viable solution to the market will likely be well rewarded.Madrigal's lead drug candidate is resmetirom (MGL-3196), an orally administered, thyroid hormone receptor (THR) β-selective agonist. The drug is currently in a Phase 3 trial, after showing positive data in the 2 prior trials.Schimmer thinks “2020 is an execution year” for Madrigal. The 5-star analyst said, “We continue to believe that resmetirom may have a differentiated profile, as a clean, oral therapy… the company’s P2 dataset continues to stack up well to the competition which has seen multiple recent disappointments in the field. We continue to believe that resmetirom (MGL-3196) has a strong chance of success in P3, with results expected in ~2021.”To this end, Schimmer reiterated an Outperform rating on Madrigal along with a price target of $250. This implies upside potential of a massive 192%. (To watch Schimmer’s track record, click here)On the Street, Madrigal’s Strong Buy consensus rating breaks down into 6 Buys and 1 Hold. The average price target of $169.67 implies upside potential in the shape of 100% over the next 12 months. (See Madrigal stock analysis on TipRanks)
- Simply Wall St.
Is World Wrestling Entertainment, Inc. (NYSE:WWE) Trading At A 35% Discount?
In this article we are going to estimate the intrinsic value of World Wrestling Entertainment, Inc. (NYSE:WWE) by...
- Benzinga
Tyson Fury Could Return To WWE To Face Brock Lesnar At WrestleMania
Tyson Fury could face Brock Lesnar at WrestleMania 36 just weeks after his upcoming rematch against Deontay Wilder, according to SPORTbible . What Happened Boxing Champion Fury might return to World Wrestling ...
- Benzinga
WWE's Paul 'Triple H' Levesque Talks Company's Feeder System Model
World Wrestling Entertainment, Inc. (NYSE: WWE) Executive Vice President of Talent, Live Events and Creative, Paul "Triple H" Levesque, recently discussed the evolving landscape of the pro wrestling (sports entertainment) industry on the WWE-created "After the Bell" podcast. Levesque spoke about the company's model of working with independent promotions in the U.S. and U.K., often through WWE's NXT and NXT UK promotions. Levesque touched on how the company's feeder system model works by supporting prominent independent promotions.
- Insider Monkey
Hedge Fund Consensus Stocks vs. World Wrestling Entertainment, Inc. (WWE) In 2019
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
- Simply Wall St.
If You Had Bought World Wrestling Entertainment (NYSE:WWE) Stock Five Years Ago, You Could Pocket A 433% Gain Today
It hasn't been the best quarter for World Wrestling Entertainment, Inc. (NYSE:WWE) shareholders, since the share price...
- Insider Monkey
World Wrestling Entertainment, Inc. (WWE): Are Hedge Funds Right About This Stock?
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
- American City Business Journals
Raymond James Stadium to add seating for WrestleMania, expected to exceed Super Bowl attendance
Tampa Bay has established a proven track record in recent years for its ability to host major events.
- American City Business Journals
WWE takes a new approach with its charity community outreach work
Company spreads message of its community efforts, using its global reach to spotlight causes it supports.
- American City Business Journals
‘WWE Backstage’ on Fox delivers shock with CM Punk appearance
Fox studio show all about creating moments that highlight network’s new relationship with sports entertainment property.
- Thomson Reuters StreetEvents
Edited Transcript of WWE earnings conference call or presentation 25-Jul-19 3:00pm GMT
Q2 2019 World Wrestling Entertainment Inc Earnings Call
- GuruFocus.com
52-Week Company Lows
Details companies that are near their 52-week lows Continue reading...
- Zacks
More New Records for Dow, NASDAQ Despite a Slower Rally
More New Records for Dow, NASDAQ Despite a Slower Rally
- MarketWatch
WWE's stock bounces off 18-month low after expanding partnership with Saudi GEA
Shares of World Wrestling Entertainment Inc. surged 6.1% in afternoon trading Tuesday, to bounce off an 18-month low in the previous session, after the media and entertainment company said it has expanded its live-event partnership with the Saudi General Entertainment Authority (GEA). The company said late Monday that the partnership, which is extended through 2027, will include a second annual large-scale event. The stock closed Monday at $53.16, the lowest closing price since May 18, 2018, in the wake of a disappointing third-quarter report and outlook last week. On Oct. 31, the stock had plummeted 15.7%, the biggest one-day selloff in 5 1/2 years, after WWE reported profit that beat expectations but revenue that missed. The company said then that the "previously contemplated agreement" in Saudi Arabia had not yet been completed. On Tuesday, the company said it continues to "work towards the completion of the media agreement" with GEA. The stock has now tumbled 25% year to date, while the S&P 500 has gained 23%.
- Benzinga
PreMarket Prep Recap: The IPOs Of 2019 Disappoint
Earnings reports were featured on Tuesday's PreMarket Prep Show . Although there weren't many big names, there were some big moves. What You Don't Want To Say On An Earnings Call After the close on Monday, ...
- Yahoo Finance
Take WWE's all-female Saudi match 'with heavy pinch of salt'
WWE superstars Natalya and Lacey Evans just went down in the history books as the first women to put on a professional women’s match in the Kingdom of Saudi Arabia, the latest attempt by the monarchy to appear less conservative and ease restrictions on women.
- Schaeffer's Investment Research
Option Bear Bets on More Downside for Oversold WWE
WWE shares have been crushed in the second half of 2019
- Benzinga
Investors Give WWE's Stock An RKO, But These Analysts Aren't Tapping Out
Morgan Stanley analyst Benjamin Swinburne maintains an Overweight rating on WWE's stock with a price target lowered from $85 to $80. MKM Partners analyst Eric Handler maintains at Buy, price target lowered from $110 to $92.
- Zacks
World Wrestling (WWE) Stock Down Despite Q3 Earnings Beat
World Wrestling Entertainment's (WWE) Q3 revenues decline year over year. Lower revenues from the Live Events and Consumer Products business segments hurt the top line.
- Yahoo Finance
WWE shares crash after earnings guidance and revenue disappoint
Shares of World Wrestling Entertainment fell dramatically after the company announced its Q3 earnings results.
