Roth Capital Weighs in on TKO Group’s Q3 Earnings (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) – Research analysts at Roth Capital raised their Q3 2024 EPS estimates for shares of TKO Group in a research note issued to investors on Wednesday, October 16th. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of $0.52 for the quarter, up from their prior estimate of $0.48. The consensus estimate for TKO Group’s current full-year earnings is $4.17 per share. Roth Capital also issued estimates for TKO Group’s FY2024 earnings at $4.08 EPS, Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $1.14 EPS, Q3 2025 earnings at $0.69 EPS and FY2025 earnings at $3.00 EPS.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The firm had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. TKO Group’s revenue was up 178.9% on a year-over-year basis.

TKO has been the subject of a number of other research reports. Bank of America started coverage on TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 target price for the company. Roth Mkm increased their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group raised their target price on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Morgan Stanley boosted their target price on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, Pivotal Research started coverage on TKO Group in a research note on Friday, September 13th. They issued a “buy” rating and a $170.00 price target on the stock. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.21.

TKO Group Stock Up 1.5 %

TKO stock opened at $129.95 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. TKO Group has a 1-year low of $72.33 and a 1-year high of $130.95. The stock has a market capitalization of $22.17 billion, a P/E ratio of -135.36 and a beta of 1.04. The business has a fifty day moving average price of $120.93 and a 200-day moving average price of $110.03.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TKO. Vanguard Group Inc. boosted its holdings in shares of TKO Group by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock valued at $489,101,000 after purchasing an additional 1,002,121 shares during the last quarter. XN LP boosted its stake in TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after buying an additional 996,161 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after buying an additional 961,880 shares during the last quarter. Ninety One UK Ltd grew 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 valued at $439,004,000 after buying an additional 557,444 shares in the last quarter. Finally, Fairview Capital Investment Management LLC bought a new stake in TKO Group in the 1st quarter worth approximately $43,999,000. Institutional investors own 89.79% of the company’s stock.

About TKO Group

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.