Roth Capital Analysts Lower Earnings Estimates for TKO Group

TKO Group Holdings, Inc. (NYSE:TKO) – Research analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for shares of TKO Group in a report issued on Thursday, November 7th. Roth Capital analyst E. Handler now expects that the company will earn $3.92 per share for the year, down from their previous forecast of $4.08. The consensus estimate for TKO Group’s current full-year earnings is $1.88 per share. Roth Capital also issued estimates for TKO Group’s Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $1.45 EPS and FY2026 earnings at $2.07 EPS.

Other analysts also recently issued reports about the stock. Bank of America began coverage on shares of TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. Morgan Stanley raised their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Guggenheim upped their price objective on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Pivotal Research upped their price target on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.00.

TKO Group Price Performance

NYSE TKO opened at $120.18 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group has a 12 month low of $72.33 and a 12 month high of $130.95. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of -286.14 and a beta of 1.06. The company’s 50 day moving average is $121.38 and its two-hundred day moving average is $112.77.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 53.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. XN LP increased its stake in TKO Group by 100.9% in the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after purchasing an additional 996,161 shares during the period. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 267.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after purchasing an additional 961,880 shares in the last quarter. Ninety One UK Ltd increased its holdings in TKO Group by 15.9% during the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after purchasing an additional 557,444 shares during the period. Fairview Capital Investment Management LLC bought a new stake in TKO Group during the 1st quarter valued at $43,999,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after buying an additional 362,460 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.