Endeavor Group (EDR) Set to Announce Quarterly Earnings on Thursday

Endeavor Group (NYSE:EDR) will release its earnings data before the market opens on Thursday, May 9th. Analysts expect Endeavor Group to post earnings of $0.36 per share for the quarter.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. On average, analysts expect Endeavor Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Endeavor Group Stock Down 0.2 %

Shares of EDR opened at $26.46 on Tuesday. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $26.63. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day moving average of $25.59 and a 200-day moving average of $24.38.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio is currently 23.08%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. TD Cowen raised their target price on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. StockNews.com assumed coverage on Endeavor Group in a research report on Monday, April 29th. They set a “hold” rating for the company. UBS Group reaffirmed a “neutral” rating and set a $27.50 target price (down from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Citigroup downgraded Endeavor Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $27.50 in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $27.50 target price (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Endeavor Group presently has an average rating of “Hold” and a consensus price target of $29.30.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the acquisition, the insider now owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Endeavor Group news, CFO Jason Lublin sold 46,419 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the sale, the chief financial officer now owns 112,457 shares in the company, valued at $2,707,964.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The disclosure for this purchase can be found here. Insiders have sold a total of 176,633 shares of company stock valued at $4,317,277 in the last 90 days. 82.08% of the stock is currently owned by corporate insiders.

Endeavor Group Company Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.