79.45 +0.06 (0.08%)
Pre-Market: 7:14AM EDT
|Bid||79.00 x 2200|
|Ask||79.89 x 900|
|Day's Range||76.64 - 79.91|
|52 Week Range||20.51 - 79.95|
|PE Ratio (TTM)||189.02|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||0.48 (0.63%)|
|1y Target Est||80.36|
From starting out in a career to managing social media and hiring staff, some of the world’s top media executives including WWE's Stephanie McMahon and advertising founder John Hegarty gave CNBC’s “What Drives You” their advice on business and life in general.
World Wrestling Entertainment (NYSE:WWE) shares were up on Friday as the company’s stock was upgraded by a major analyst thanks to optimism regarding its future movement. The wrestling association has had a good year so far but it still has much left in the tank, according to a note from analysts at Morgan Stanley. The Morgan Stanley figure marks the highest target for World Wrestling Entertainment out of the 12 analysts who are covering the company, according to data compiled by FactSet.
In a note to clients Friday, Morgan Stanley lifted its price target on the media company from $58 to $100, the highest on the Street, according to FactSet, and implying a more than 30% upside over 12 months from the current price at $76.70. "WWE may be the strongest example of the rapid appreciation in content ‘value’ in the public markets,” wrote analyst Benjamin Swinburne.
Netflix NFLX may have surged 110 percent so far this year, but World Wrestling Entertainment (WWE WWE ) has been giving the streaming giant a run for its money and market watchers believe the stock will continue to clean house. Oppenheimer technician Ari Wald is also bullish on WWE and believes the stock is about to soar even higher than the 152 percent it has already surged this year. “This is a great example of momentum in markets,” he said Thursday on CNBC’s “Trading Nation.
The Heavyweights and Cruiserweights of World Wrestling Entertainment, Inc. (NYSE: WWE) have helped strengthen the stock as an Overweight contender on the Street. Morgan Stanley projects a 10-year compound annual growth rate of 20 percent in adjusted operating income before debt and amortization (OIBDA). “By securing a 3.6x multiple in its new five-year agreements with NBC/FOX relative to its prior five-year broadcast agreement with NBC, WWE gains a massive increase in earnings power, with visibility into the revenue associated with these new rights extremely high,” Swinburne wrote in a note.
Morgan Stanley raises its price target for World Wrestling Entertainment shares to $100 from $58, representing 34 percent upside to Thursday’s close. The firm cites the company's recent content deals last month with NBCUniversal and Fox Sports. The stock forecast is the highest target out of the 12 analysts who cover WWE, according to FactSet.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said NextEra Energy Inc (NYSE: NEE ) has been one of his favorite stocks. It's an aggressive grower and it pays a nice dividend yield. He is ...
While former WWE Women’s champion Stephanie McMahon may now spend more of her time in the C-Suite promoting the media company’s brand, that doesn’t mean she’s given up her athletic streak. While McMahon now works on the corporate side of the wrestling business, she’s spent a fair bit of time inside the ring as well. From around the turn of the millennium, McMahon appeared in a number of WWE storylines, securing her first and only WWE Women’s Championship in 2000 .
The quest to sell the UFC’s and WWE’s media rights featured the top media companies and entertainment agencies going head to head over marquee properties. Here’s how it all unfolded.
Man, do I wish I was a bigger fan of World Wrestling Entertainment (NYSE:WWE). Of course, that’s no guarantee that I would have caught any of the 265% rally in WWE stock over the past year, but it certainly would have helped.
WWE and FOX Networks Group Asia today announced a new agreement to stream WWE’s flagship program Raw® live exclusively on FOX+ in the Philippines.
2K today announced that Olympic medalist, feature film actress, UFC® Hall of Famer and current WWE® Superstar, “Rowdy” Ronda Rousey®, will make her WWE console video game debut in WWE® 2K19, the forthcoming release in the flagship WWE video game franchise. The “Baddest Woman on the Planet” – who put the WWE Universe on notice with a surprise Royal Rumble® 2018 appearance, blockbuster WrestleMania® 34 debut match and continued explosive presence – will appear in WWE 2K19 as a playable character wearing her signature ring gear inspired by “Rowdy” Roddy Piper.
World Wrestling Entertainment Inc. shares have been climbing since last week, when it signed new five-year deals with Comcast Corp.’s USA Network and 21st Century Fox’s Fox Sports. Under the new deals, “WWE SmackDown Live” will air on Fox(FOXA), while “RAW” will continue showing on USA Network, which is owned by NBCUniversal, a subsidiary of Comcast Corp(CMCSA).
With the support of its partner NBCUniversal, the entertainment company has been able to convince "top shelf advertisers" it's now a quality destination to advertise on. The company can now count on additional support from its new broadcast partner Twenty-First Century Fox Inc (NASDAQ: FOXA), which is likely to heavily promote WWE during its Sunday and Thursday night sports programs.
The Company’s Chairman & CEO, Vincent K. McMahon, and Co-Presidents, George A. Barrios and Michelle D. Wilson, will host a conference call beginning at 11:00 a.m. ET to discuss the results. All interested parties are welcome to listen to a live web cast that will be hosted through the Company’s web site at corporate.wwe.com/investors. Participants can access the conference call by dialing 855-200-4993 (toll free) or 323-794-2092 from outside the U.S. (conference ID for both lines: 3327842).
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research. On this episode, Associate Stock Strategist Ben Rains breaks down World Wrestling Entertainment's (WWE) new TV deals with Comcast's (CMCSA) USA Network and Fox (FOXA). He also takes a look at WWE's impressive growth, before he heads into some of the latest streaming sports news surrounding the NFL.
World Wrestling (WWE) implements strategies like the development of fresh content, expansion of distribution platform, introduction of features and foray into locations.
NEW YORK, June 29, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Visteon ...
Shares of World Wrestling Entertainment, Inc. (NYSE: WWE ) continued to hit new all-time highs Wednesday, but KeyBanc thinks the case for incremental upside can still be made. The Analyst Evan Wingren, ...
World Wrestling Entertainment (WWE) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
NEW YORK, NY / ACCESSWIRE / June 28, 2018 / Two new TV deals sent shares of World Wrestling Entertainment higher on Wednesday to a brand new high. Shares of Canopy Growth on the other hand saw big losses ...
LONDON, UK / ACCESSWIRE / June 28, 2018/ If you want a free Stock Review on FOXA sign up now at www.wallstequities.com/registration. This Thursday, WallStEquities.com has initiated reports coverage on the following Entertainment - Diversified equities: Viacom Inc. (NASDAQ: VIAB), World Wrestling Entertainment Inc. (NYSE: WWE), Twenty-First Century Fox Inc. (NASDAQ: FOXA), and Global Eagle Entertainment Inc. (NASDAQ: ENT).