TKO Group (TKO) Expected to Announce Quarterly Earnings on Wednesday

TKO Group (NYSE:TKO) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect TKO Group to post earnings of $0.16 per share and revenue of $603.98 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

TKO Group Trading Up 1.4 %

TKO opened at $161.00 on Tuesday. The stock has a 50-day moving average of $152.48 and a 200 day moving average of $134.33. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 12 month low of $78.69 and a 12 month high of $179.09. The firm has a market cap of $27.49 billion, a P/E ratio of -383.33 and a beta of 1.06.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TKO shares. Pivotal Research increased their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley raised their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday. The Goldman Sachs Group increased their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.58.

Insider Activity

In other TKO Group news, major shareholder Patrick Whitesell acquired 31,352 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

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.