|Bid||63.29 x 800|
|Ask||0.00 x 800|
|Day's Range||62.39 - 64.89|
|52 Week Range||20.09 - 64.89|
|PE Ratio (TTM)||152.21|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||0.48 (1.19%)|
|1y Target Est||56.36|
Amateur wrestler "The Progressive Liberal" brings the political world to the wrestling ring. Yahoo Finance's Seana Smith, Andy Serwer and Dan Howley spoke with him about his signature more, "The Liberal Agenda."
Unfortunately, I had one recently in the form of World Wrestling Entertainment, Inc. (NYSE:WWE). Interspersed with my bearish assessment were jokes I made at the expense of the pro wrestling industry. Unfortunately, the joke was on me as WWE stock skyrocketed 61% since I last wrote about it.
Katz says early reports from credible sources suggest WWE’s upcoming TV deals for “Raw” and SmackDown” are more bullish than he had hoped for. Katz expected the new contracts could be twice the size of the previous ones, but reports suggest rates could triple over the next five years. Reports suggest WWE will be getting $265 million per year from NBC parent Comcast Corporation (NASDAQ: CMCSA) for “Raw” and $205 million per year from Twenty-First Century Fox Inc (NASDAQ: FOXA) for ‘SmackDown.” If the numbers are accurate, the combined deals would add $315 million in incremental revenue per year for WWE.
Shares of World Wrestling Entertainment Inc. are up 1.7% in Friday morning trading after Wells Fargo analyst Eric Katz increased his price target on the stock to $76 from $48 on optimism about the company's new TV rights arrangements for Raw and SmackDown. "Taking these deals along with our expectation for another big increase in the UK and India around the same time (announcements coming H2'18 & H1'19, resp.), we still really like the stock here," Katz wrote. As for whether there's the possibility of disappointment this time around upon an official announcement, Katz wrote that there is some risk, but "we think less risk this time as WWE is much better positioned due to demand from more players for its [programming] & less uncertainty on subs." WWE shares are up 106% so far this year, while the S&P 500 has gained 14%.
Shares of World Wrestling Entertainment Inc. rallied 1% in premarket trade Monday, after the KeyBanc Capital raised its stock price target on the media and entertainment company by nearly 50%, citing expectations that pricing for TV rights will "greatly exceed" prior expectations. Analyst Evan Wingren boosted his target to $71 from $49, while reiterating his overweight rating. Based on press reports, which Wingren said he views as "reputable," a deal for new TV rights for "Raw" and "Smackdown" programming will triple on an annual contract value basis.
WWE (WWE) and Imagen Televisión, the newest national broadcast television network in Mexico, today announced a new agreement to broadcast WWE’s flagship programs Raw® and SmackDown® on free-to-air television in Mexico. Beginning tomorrow, Imagen Televisión will air a weekly one-hour version of Raw at 3 p.m. on Saturdays and a weekly one-hour version of SmackDown at 4 p.m. on Saturdays, both with Spanish commentary. “We are thrilled to bring Raw and SmackDown back-to-back, every Saturday to our viewers,” said Adriana Ibañez, Chief Content Officer for Imagen Televisión.
World Wrestling Entertainment Inc (NYSE:WWE), a media company based in United States, received a lot of attention from a substantial price increase on the NYSE over the last few months.Read More...
It may almost be summer, but it's been very a rainy season for WWE, which is closing in on a pair of television deals for Raw and SmackDown Live that will reportedly haul in over $2 billion in television rights fees. The B-Team barbecue served as a lowlight on Raw that elicited familiar complaints that WWE no longer cares now that it's filthy rich. The figure is staggering, to say the least, as WWE's stock continues to rise to record highs. Still, the news has brought out a tiresome complaint among a core fanbase prone to a persecution complex. WWE's latest episode of Raw, with no Roman Reigns and facing stiff competition from Game 1 of the Stanley Cup Finals and Game 7 of the NBA Western Conference Finals, garnered its second-lowest viewership in history with an average of 2.494 million viewers.
Shares of World Wrestling Entertainment Inc. climbed 1.4% toward a record high in midday trade Wednesday, and have nearly doubled so far this year, in the wake of reports that the media and entertainment company's new deal to air "SmackDown" was for a lot more money. On Wednesday, CFRA analyst Tuna Amobi raised the stock price target by 36% to $60 from $44.
Additionally, WWE and Nestlé Waters North America will release custom, co-branded, digital videos, featuring WWE Superstars Charlotte Flair®, Natalya®, The New Day®, Sin Cara® and Titus O'Neil®. "At Nestlé Waters North America, we are committed to helping people lead healthier lives," said Tara Carraro, Chief Corporate Affairs Officer, Nestlé Waters North America. "As a family-friendly leader in entertainment, WWE is the perfect partner to help reach families across the country.
A global equity fund whose manager has drawn comparisons to Warren Buffett in the U.K. press is outperforming rivals thanks to a 166 percent rally in World Wrestling Entertainment Inc. over the past seven months. London-based Lindsell Train Ltd sits atop the holder list with 7.1 million shares at the end of March. This equates to almost 17 percent of the total outstanding shares, according to Bloomberg data.
Investors have expected World Wrestling Entertainment’s new domestic TV rights to bring big dollars to the company. Based on their reaction to reports on those contract negotiations, they’re happier than ...
IN THE NEWS Shares of WWE (NYSE: WWE ) are up almost 40 percent over the past week. Yesterday, news hit that "Smackdown Live" may be moving from USA Network to Fox (NASDAQ: FOXA ): Link With ...
Wrestling may fit Fox’s new look after Disney saleWrestler Justin Gabriel squats on the top rope during a WWE Smackdown Live Tour. Like a victorious wrestler preening on the top rope, shares of World Wrestling Entertainment Inc. climbed more than 12% Monday following a report that the entertainment giant had snagged a five-year television deal with Fox worth more than $1 billion. The Hollywood Reporter said a deal in principle has been reached to bring the WWE’s popular “SmackDown Live” to Fox starting in October 2019, for about $205 million a year.
WWE stock muscled to highs on reports that 21st Century Fox has reached a deal with World Wrestling Entertainment to broadcast its "SmackDown Live" on network TV. Comcast reportedly has focused on retaining WWE's "Raw."
U.S. stocks jumped higher Monday on news that trade tensions between China and the U.S. are cooling off. Can stocks continue higher this week? Here are our top stock trades for Tuesday. Top Stock Trades for Tomorrow #1: Celgene (CELG)
World Wrestling Entertainment Inc. shares reached a record high on reports that 21st Century Fox Inc.’s Fox network will become the new home for “SmackDown Live,” one of the company’s signature shows. The wrestling brand agreed in principle to air the show on Fox, beginning in October 2019, ESPN reported on Monday. The five-year deal is valued at more than $1 billion, the Hollywood Reporter said, and shows WWE is wringing more lucrative terms for its programming lineup.
WWE's 'Smackdown' program is set to hit the open market after NBC Universal decides not to renew its current TV deal.
Discovery Communications, Taiwan Semiconductor Manufacturing, World Wrestling Entertainment and Comcast highlighted as Zacks Bull and Bear of the Day
NEW YORK, NY / ACCESSWIRE / May 18, 2018 / World Wrestling Entertainment saw its shares leap higher on Thursday to a new high after a report indicated the company is closed to a renewal with USA Networks ...