Wall Street brokerages expect World Wrestling Entertainment, Inc. (NYSE:WWE) to post sales of $203.08 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for World Wrestling Entertainment’s earnings. The lowest sales estimate is $201.40 million and the highest is $204.76 million. World Wrestling Entertainment posted sales of $186.40 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.9%. The firm is expected to announce its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that World Wrestling Entertainment will report full-year sales of $906.71 million for the current year, with estimates ranging from $900.18 million to $911.20 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.02 billion per share, with estimates ranging from $1.01 billion to $1.04 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for World Wrestling Entertainment.

World Wrestling Entertainment (NYSE:WWE) last released its earnings results on Thursday, July 26th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $281.60 million during the quarter, compared to analyst estimates of $240.30 million. World Wrestling Entertainment had a return on equity of 24.64% and a net margin of 5.93%. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share.

A number of equities research analysts have weighed in on WWE shares. JPMorgan Chase & Co. upped their target price on World Wrestling Entertainment from $77.00 to $84.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. MKM Partners increased their price objective on World Wrestling Entertainment to $95.00 and gave the company a “buy” rating in a research report on Friday, June 29th. Guggenheim increased their price objective on World Wrestling Entertainment to $82.00 and gave the company an “average” rating in a research report on Wednesday, June 27th. Morgan Stanley increased their price objective on World Wrestling Entertainment from $58.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, July 13th. Finally, Needham & Company LLC increased their price objective on World Wrestling Entertainment to $80.00 and gave the company a “buy” rating in a research report on Thursday, June 28th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $86.27.

In other World Wrestling Entertainment news, insider Kevin Dunn sold 100,000 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $79.18, for a total transaction of $7,918,000.00. Following the sale, the insider now directly owns 258,674 shares of the company’s stock, valued at approximately $20,481,807.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider George A. Barrios sold 12,292 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $80.01, for a total transaction of $983,482.92. Following the sale, the insider now directly owns 607,148 shares in the company, valued at $48,577,911.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,996 shares of company stock worth $24,511,438. Company insiders own 45.10% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. increased its stake in shares of World Wrestling Entertainment by 175.0% in the second quarter. Meeder Asset Management Inc. now owns 1,815 shares of the company’s stock worth $132,000 after acquiring an additional 1,155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of World Wrestling Entertainment by 48.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,246 shares of the company’s stock worth $164,000 after acquiring an additional 734 shares during the last quarter. Strs Ohio acquired a new position in shares of World Wrestling Entertainment in the second quarter worth $167,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of World Wrestling Entertainment in the second quarter worth $212,000. Finally, Everence Capital Management Inc. acquired a new position in shares of World Wrestling Entertainment in the second quarter worth $218,000. 61.52% of the stock is currently owned by institutional investors.

WWE traded down $1.56 during trading on Friday, reaching $88.01. The stock had a trading volume of 845,846 shares, compared to its average volume of 1,071,380. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 139.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.34 and a quick ratio of 1.31. World Wrestling Entertainment has a 1-year low of $21.22 and a 1-year high of $90.77.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, September 13th. World Wrestling Entertainment’s dividend payout ratio (DPR) is currently 73.85%.

World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios segments.

Featured Story: Asset Allocation

Get a free copy of the Zacks research report on World Wrestling Entertainment (WWE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for World Wrestling Entertainment (NYSE:WWE)

Receive News & Ratings for World Wrestling Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Wrestling Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.