WWE - World Wrestling Entertainment, Inc.
| Previous Close | 74.51 |
| Open | 74.60 |
| Bid | 72.92 x 2200 |
| Ask | 73.07 x 1000 |
| Day's Range | 72.94 - 74.71 |
| 52 Week Range | 58.50 - 100.45 |
| Volume | 120,995 |
| Avg. Volume | 1,192,823 |
| Market Cap | 5.754B |
| Beta (3Y Monthly) | 1.37 |
| PE Ratio (TTM) | 87.71 |
| EPS (TTM) | 0.83 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 0.48 (0.64%) |
| Ex-Dividend Date | 2019-09-12 |
| 1y Target Est | 96.36 |
- Simply Wall St.
Why World Wrestling Entertainment, Inc. (NYSE:WWE) Could Have A Place In Your Portfolio
I've been keeping an eye on World Wrestling Entertainment, Inc. (NYSE:WWE) because I'm attracted to its fundamentals...
- Benzinga
How WWE Could Further Monetize NXT Following TV Deal
World Wrestling Entertainment, Inc. (NYSE: WWE ) shares traded higher by another 4% on Tuesday after the company announced a new TV deal for its NXT brand to air a two-hour weekly show on Wednesday nights. ...
- TipRanks
3 “Strong Buy” Stocks Poised to Soar in the Next 12 Months
The stock market is never a sure thing, with even the most seasoned investors placing the occasional wrong bet. So how are investors supposed to avoid this pitfall? One simple strategy can come in handy: look for stocks with exceptional potential for growth. These stocks with huge upside potential can make especially compelling investments. We turned to the TipRanks stock screener to help us pinpoint 3 stocks that are poised to outperform the broader market over the next twelve months. We filtered the results to show stocks with “strong buy” consensus ratings, narrowing our search down to the stocks with over 30% upside potential from the current share price.Let’s take a closer look at these 3 ‘Strong Buy’ stocks that analysts believe could soar: Nokia Corporation (NOK) - 34% UpsideWhile a complete 5G takeover won’t happen in 2019, Nokia is expecting the game-changing technology to fuel solid growth.The company has already started preparing for when the 5G era is ushered in, making a significant investment in upgrading its infrastructure. Nokia already has 45 5G-related hardware contracts throughout the world. This is on top of the 1,500 5G-related patent families that NOK has filed patents on. Furthermore, the company has placed a substantial focus on expanding the enterprise segment of its business. It has acquired 32 new enterprise customers, adding to the 150 it gained in 2018. While the telecommunications company faces stiff competition, one top analyst believes its superior product offering will give it the advantage.“We believe only Huawei and Nokia have full end-to-end product portfolios with wireless, fixed networks, and IP routing solutions, positioning Nokia for leadership with the top carriers as networks transition to 5G. Further, with Huawei still potentially banned from certain markets, we view Nokia as the only global supplier with an end-to-end solution, as evidenced by leading global carriers choosing Nokia as a partner for 5G deployments,” said Canaccord's Michael Walkley, a five-star analyst according to TipRanks. As a result, Walkley reiterated his Buy rating on NOK stock, with a 12-month price target of $7.00, implying 34% upside from current levels. In the long-term, Walkley believes the company can emerge as an industry leader. “Further, we anticipate an increasing revenue mix from higher-margin regions as the U.S., Japan, and Korea represent some of the early adopters of 5G investments. We also anticipate higher-margin software and enterprise sales will grow faster than the company average and contribute to longer-term margin expansion,” he explained. TipRanks’ data shows a small but bullish camp backing this telecoms equipment maker. The ‘Strong Buy’ stock has amassed 3 ‘buy’ ratings in the last three months. The 12-month average price target stands tall at $7.50, marking nearly 43% in return potential for the stock. (See NOK’s price targets and analyst ratings on TipRanks) Netflix (NFLX) - 37% UpsideAfter its recent second-quarter earnings release showed a loss of 126,000 new subscribers, investors were left wondering whether Netflix's slip up was a temporary occurrence or a long-term trend. However, some analysts maintain that the streaming platform’s long-term growth narrative remains unchanged.The drop in subscribers has been attributed to the weaker content lineup in the quarter. That being said, the company is already making up for it with the third season of its hit show, Stranger Things. In just four days after its release, over 40 million households had seen at least part of the season. The stronger content slate includes new seasons of fan favorites La Casa de Papel, The Crown and Orange Is the New Black as well as Robert De Niro’s film, The Irishman.Five-star J.P. Morgan analyst, Doug Anmuth, argues that the impressive content lineup puts Netflix on the path towards long-term growth: “It may not be easy, but we believe its net adds target is achievable given the slate and shift of marketing spend into the second half of the year. Importantly, we do not believe Netflix is factoring in much for new mobile-only subs in India in 2H 2019 numbers.”Based on the above, Anmuth the analyst believes shares could jump by 37% over the next twelve months, as he reiterates a Buy rating and $450 price target on NFLX stock. Netflix also stands to benefit from the continued shift away from linear TV. Worldwide internet penetration is only expected to increase, with the number of users reaching 5.5 billion by 2025 according to current estimates. The TV streaming penetration rate is expected to rise at a similar rate as internet households shift to more convenient and less expensive internet TV.While the company does face competition from Disney’s (DIS) new streaming service, Anmuth doesn’t believe that it will have a major effect on Netflix's subscribers. Wall Street is on the same page. This ‘Strong Buy’ received 26 Buy ratings vs 5 Holds and 1 Sell over the last three months. Not to mention its $412 average price target suggests 33% upside potential from current levels. (See NFLX’s price targets and analyst ratings on TipRanks) World Wrestling Entertainment (WWE) - 77% UpsideA series of injuries as well as the drop in ratings and attendance weighed heavily on WWE earlier this year. That being said, the wrestling media company has come a long way, showing investors that it’s making moves in the right direction.In late July, WWE posted a Q2 earnings beat in addition to maintaining that it will reach its adjusted OIBDA target for full year 2019 of at least $200 million. Marci Ryvicker, a five-star analyst, notes that while management’s tone wasn’t overly exciting, it seemed to be more optimistic than it has been in a while.The company has made progress in improving the brand with continued investments going towards increasing audience engagement and ultimate franchise value.Not to mention several catalysts could work in WWE’s favor. On July 24, the company started transitioning to Network 2.0, with the upgraded network featuring an on-demand service. WWE can also stand to gain from sponsorship revenues as WWE is vastly under-monetized in relation to other sports.Based on these positive developments, Ryvicker rates WWE stock a Buy with $127 price target, which implies about 77% upside from current levels. While Ryvicker notes that WWE is trading above the Wolfe Diversified Entertainment Index, it continues to trade at a lower price than other niche sports even though it has demonstrated much faster OIBDA growth.“We like the LT focus and commitment of this management team, even if communication may sometimes falter. We also got a bunch of data points that suggest engagement metrics will continue to improve,” Ryvicker added. All in all, despite a a somewhat disappointing first quarter, WWE stock is ready to punch back! In the last three months, the stock has won 6 back-to-back 'buy' recommendations. With a return potential of close to 30%, the stock's consensus price target lands at $95.00. (See WWE’s price targets and analyst ratings on TipRanks)
Motley FoolCan WWE's NXT Body Slam the Company's New Rival?
The "developmental" promotion is going to air on the USA Network on the same night of the week as AEW on TNT.
- Business Wire
NXT® Moves To USA Network
WWE® (WWE) and USA Network today announced an agreement in principle to air WWE’s weekly Wednesday night show, NXT, live on USA Network at 8/7c starting September 18. Following NXT’s growth in popularity, the new two-hour weekly show will expand its reach on USA Network, the leader in cable entertainment, while staying in its Wednesday night timeslot that it has held since 2015. “The move to USA Network provides an opportunity to deepen our relationship with NBCUniversal and further build the NXT brand,” said Vince McMahon, WWE Chairman & CEO.
- Market Realist
WWE Is Up 400% in Five Years: More Upside to Come?
Shares of World Wrestling Entertainment (WWE) are currently trading at $66.94. WWE stock has returned an impressive 400% since August 2014.
- Yahoo Finance
Wall St. analyst says WWE is his top pick, expects shares to climb 49%
Guggenheim believes that WWE is a good bet for investors as 2019 comes to a close.
- TheStreet.com
World Wrestling Entertainment Gets Smacked Down Despite Buy Rating
World Wrestling Entertainment has taken some big hits recently amid concerns over ratings and revisions of quarterly estimates.
- Business Wire
WWE® and FOX Sports Celebrate SmackDown’s 20th Anniversary on October 4
The 20th anniversary celebration will mark the premiere of SmackDown on FOX broadcast network at 8 pm ET and take place at Staples Center in Los Angeles on Friday, October 4, 2019. Tickets are available starting this Friday, August 16 at 10 am PT via the Staples Center box office, www.AXS.com or by calling 1-888-929-7849. WWE Superstars past and present will be on hand at Staples Center to celebrate the occasion including Kurt Angle, Lita, Mick Foley, Booker T, Hulk Hogan, Trish Stratus, Goldberg, Jerry Lawler, Mark Henry, Ric Flair and Sting.
- Business Wire
Boston to Host WWE® SummerSlam®
WWE® (WWE) today announced that Boston will host SummerSlam Week in August 2020 with SummerSlam, SmackDown® Live, Monday Night Raw® and NXT® taking place at TD Garden over four consecutive nights. SummerSlam is more than just a one-day event, it’s a multi-day celebration, as WWE will host a series of activities including autograph signings and community outreach programs designed to leave a lasting impact throughout the New England region.
- Simply Wall St.
Is World Wrestling Entertainment, Inc.'s (NYSE:WWE) CEO Salary Justified?
Vince McMahon has been the CEO of World Wrestling Entertainment, Inc. (NYSE:WWE) since 2009. This report will, first...
- Business Wire
“Step Inside” WWE® 2K20 and Experience Franchise Firsts with Cover Superstars Becky Lynch® and Roman Reigns™
2K today announced current Raw® Women’s Champion Becky Lynch® and WWE Superstar Roman Reigns™ as the cover Superstars for WWE® 2K20, the forthcoming release in the flagship WWE video game franchise. Lynch and Reigns will serve as ambassadors for WWE 2K20’s worldwide marketing campaign – “Step Inside” – which invites players to enter the world of WWE and face a variety of new and exciting challenges in the virtual ring.
- GuruFocus.com
Lindsell Train Ltd Buys World Wrestling Entertainment Inc
London, X0, based Investment company Lindsell Train Ltd (Current Portfolio) buys World Wrestling Entertainment Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Lindsell Train Ltd. Continue reading...
Motley FoolWorld Wrestling Entertainment Inc (WWE) Q2 2019 Earnings Call Transcript
WWE earnings call for the period ending June 30, 2019.
Motley FoolInvestors Are Looking at WWE All Wrong
The wrestling company beat its earnings guidance, but that's not the key to its long-term success.
- 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
- Benzinga
Benchmark Upgrades WWE, Sees Improving Engagement Metrics Ahead
Despite a mixed second quarter, World Wrestling Entertainment, Inc. (NYSE: WWE ) is up more than 10% following Thursday's earnings print . WWE’s quarter also inspired an analyst upgrade. The Analyst Benchmark ...
- Motley Fool
Why World Wrestling Entertainment Stock Popped 9% Today
Even flat earnings and flat guidance seemed good enough for investors today.
- Zacks
World Wrestling Entertainment (WWE) Beats on Q2 Earnings
World Wrestling Entertainment's (WWE) Q2 revenues decline year over year. Management pointed that lower revenue from the Media, Live Events and Consumer Products business segments hurt the top line.
- Benzinga
MKM Says WWE Network Update Could Be A Multi-Stage Initiative
The relaunch of World Wrestling Entertainment, Inc’s (NYSE: WWE ) WWE Network is a positive for its direct-to-consumer service and may include a number of changes over time, according to MKM Partners. ...
- Zacks
World Wrestling Entertainment (WWE) Q2 Earnings Surpass Estimates
WWE (WWE) delivered earnings and revenue surprises of 466.67% and -2.99%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Benzinga
WWE Trades Higher On Q2 Earnings
World Wrestling Entertainment, Inc . (NYSE: WWE ) reported second-quarter earnings of 11 cents per share, which may not compare to the analyst consensus estimate of 4 cents. This is a 21.43% decrease over ...
- Yahoo Finance Video
Wall Street analyst expects WWE stock to climb 49%
WWE’s stock has been on a rocky road this year after hitting record highs in 2018. But Guggenheim analysts are optimistic about the stock rating it a buy, with a $100 price target and calling it their “best idea” of 2019. Yahoo Finance’s Alexis Christoforus, Brian Sozzi and Reggie Wade discuss.
