Endeavor Group (EDR) Set to Announce Earnings on Thursday

Endeavor Group (NYSE:EDR) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Endeavor Group to post earnings of $0.56 per share for the quarter.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. 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 Performance

Shares of Endeavor Group stock opened at $29.41 on Thursday. The firm has a market capitalization of $20.13 billion, a P/E ratio of -20.42 and a beta of 0.78. Endeavor Group has a 52 week low of $22.59 and a 52 week high of $29.54. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $28.34 and its two-hundred day moving average is $27.43.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.82%. Endeavor Group’s dividend payout ratio is currently -16.67%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Endeavor Group in a research note on Wednesday. They issued a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Endeavor Group has a consensus rating of “Hold” and an average target price of $27.86.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $29.04, for a total transaction of $1,399,031.04. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $53,179,412.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 225,272 shares of company stock valued at $6,372,925 in the last 90 days. 63.90% of the stock is currently owned by insiders.

About Endeavor Group

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.