Endeavor Group Holdings, Inc. to Issue Quarterly Dividend of $0.06 (NYSE:EDR)

Endeavor Group Holdings, Inc. (NYSE:EDR) announced a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.06 per share on Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.68%.

Endeavor Group has a dividend payout ratio of 9.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Endeavor Group to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 18.0%.

Endeavor Group Price Performance

EDR opened at $35.40 on Friday. The stock’s 50-day moving average price is $31.19 and its 200 day moving average price is $29.43. Endeavor Group has a 12-month low of $23.14 and a 12-month high of $37.28. The firm has a market cap of $24.22 billion, a price-to-earnings ratio of -17.26 and a beta of 0.74. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

EDR has been the topic of several research reports. Seaport Res Ptn cut shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.86.

Insider Activity at Endeavor Group

In other Endeavor Group news, CAO William K. Fullerton sold 2,225 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total value of $68,040.50. Following the sale, the chief accounting officer now directly owns 53,124 shares in the company, valued at $1,624,531.92. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell acquired 60,208 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the insider now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,535,485 shares of company stock valued at $239,160,243 over the last 90 days. 63.90% of the stock is owned by corporate 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.