Endeavor Group (EDR) to Release Earnings on Thursday

Endeavor Group (NYSE:EDRGet Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 12th. Analysts expect Endeavor Group to post earnings of 0.31 per share for the quarter. Endeavor Group has set its FY 2022 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Endeavor Group (NYSE:EDRGet Rating) last released its quarterly earnings data on Wednesday, March 16th. The company reported 0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of 0.17 by 0.17. Endeavor Group had a positive return on equity of 9.36% and a negative net margin of 6.33%. The business had revenue of 1.51 billion for the quarter, compared to the consensus estimate of 1.36 billion. On average, analysts expect Endeavor Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:EDR opened at 21.83 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.65. Endeavor Group has a 1 year low of 20.92 and a 1 year high of 35.28. The stock’s 50 day simple moving average is 27.46 and its two-hundred day simple moving average is 29.07.

A number of institutional investors have recently made changes to their positions in EDR. Norges Bank purchased a new stake in shares of Endeavor Group in the 4th quarter worth $17,487,000. JustInvest LLC purchased a new stake in shares of Endeavor Group in the 4th quarter worth $404,000. Wells Fargo & Company MN lifted its holdings in shares of Endeavor Group by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 23,177 shares of the company’s stock worth $809,000 after buying an additional 7,715 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Endeavor Group in the 4th quarter worth $18,730,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Endeavor Group by 24.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,826 shares of the company’s stock worth $413,000 after buying an additional 2,299 shares during the period. 52.95% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on the company. Citigroup reduced their price objective on Endeavor Group from $34.00 to $25.00 in a research note on Wednesday. Credit Suisse Group boosted their target price on Endeavor Group from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, March 14th. Zacks Investment Research raised Endeavor Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, March 3rd. Piper Sandler boosted their target price on Endeavor Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, March 17th. Finally, Morgan Stanley cut their target price on Endeavor Group from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 30th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Endeavor Group currently has a consensus rating of “Buy” and a consensus price target of 35.29.

About Endeavor Group (Get Rating)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.

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