Endeavor Group (NYSE:EDR) Announces Earnings Results

Endeavor Group (NYSE:EDR) issued its earnings results on Thursday. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.73), Zacks reports. Endeavor Group had a positive return on equity of 3.79% and a negative net margin of 8.34%.

Endeavor Group Trading Down 1.5 %

Shares of NYSE:EDR traded down $0.47 during mid-day trading on Thursday, hitting $30.35. The company had a trading volume of 118,405 shares, compared to its average volume of 1,705,018. The company has a market capitalization of $20.76 billion, a PE ratio of -14.80 and a beta of 0.74. Endeavor Group has a one year low of $23.20 and a one year high of $35.99. The firm has a fifty day moving average price of $31.38 and a 200 day moving average price of $29.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63.

Endeavor Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, February 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. Endeavor Group’s payout ratio is -11.71%.

Insiders Place Their Bets

In related news, CAO William K. Fullerton sold 6,875 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the sale, the chief accounting officer now owns 53,255 shares in the company, valued at $1,659,958.35. This represents a 11.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell purchased 117,769 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the purchase, the insider now directly owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,535,485 shares of company stock worth $239,160,243 and sold 146,905 shares worth $4,418,864. Corporate insiders own 63.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EDR shares. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com cut Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Company Profile

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.