Analysts Anticipate Endeavor Group Holdings, Inc. (NYSE:EDR) to Post $0.31 Earnings Per Share

Brokerages expect that Endeavor Group Holdings, Inc. (NYSE:EDRGet Rating) will post earnings of $0.31 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Endeavor Group’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.23. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Endeavor Group will report full-year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.77. For the next year, analysts expect that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.65 to $2.03. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Endeavor Group.

Endeavor Group (NYSE:EDRGet Rating) last posted its earnings results on Wednesday, March 16th. The company reported 0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.17 by 0.17. The company had revenue of 1.51 billion for the quarter, compared to analysts’ expectations of 1.36 billion. Endeavor Group had a positive return on equity of 9.36% and a negative net margin of 6.33%.

EDR has been the topic of several recent analyst reports. Citigroup cut their target price on Endeavor Group from $34.00 to $25.00 in a research note on Wednesday, May 4th. Morgan Stanley cut their price objective 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. Credit Suisse Group lifted their price objective 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 price objective on the stock in a research report on Thursday, March 3rd. Finally, StockNews.com raised Endeavor Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Endeavor Group presently has an average rating of “Buy” and a consensus price target of 35.07.

In related news, CAO William K. Fullerton sold 7,479 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of 19.09, for a total value of 142,774.11. Following the completion of the transaction, the chief accounting officer now directly owns 55,470 shares in the company, valued at approximately 1,058,922.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Mark S. Shapiro sold 83,918 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of 19.42, for a total transaction of 1,629,687.56. Following the completion of the transaction, the president now owns 160,739 shares of the company’s stock, valued at 3,121,551.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 518,510 shares of company stock valued at $10,138,695.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc raised its stake in Endeavor Group by 2.3% during the 4th quarter. CIBC Asset Management Inc now owns 28,070 shares of the company’s stock valued at $979,000 after buying an additional 622 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Endeavor Group by 14.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the company’s stock valued at $163,000 after buying an additional 730 shares during the last quarter. Citigroup Inc. raised its stake in Endeavor Group by 38.5% during the 4th quarter. Citigroup Inc. now owns 4,579 shares of the company’s stock valued at $160,000 after buying an additional 1,273 shares during the last quarter. GSA Capital Partners LLP raised its stake in Endeavor Group by 10.7% during the 1st quarter. GSA Capital Partners LLP now owns 15,394 shares of the company’s stock valued at $454,000 after buying an additional 1,487 shares during the last quarter. Finally, Private Capital Group LLC raised its stake in Endeavor Group by 6,250.0% during the 1st quarter. Private Capital Group LLC now owns 1,524 shares of the company’s stock valued at $45,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 52.95% of the company’s stock.

NYSE EDR opened at 18.02 on Monday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.39 and a quick ratio of 1.39. Endeavor Group has a 1 year low of 17.42 and a 1 year high of 35.28. The business’s 50-day moving average is 26.32 and its 200 day moving average is 28.86.

Endeavor Group Company Profile (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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Earnings History and Estimates for Endeavor Group (NYSE:EDR)

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