TKO Group Holdings, Inc. (NYSE:TKO) Declares None Dividend of $3.86

TKO Group Holdings, Inc. (NYSE:TKO) announced a None dividend on Wednesday, September 13th, Zacks reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 3.86 per share on Friday, September 29th. The ex-dividend date is Thursday, September 21st.

TKO Group Stock Performance

NYSE:TKO opened at $104.13 on Tuesday. The company has a current ratio of 3.78, a quick ratio of 3.76 and a debt-to-equity ratio of 0.42. TKO Group has a 52-week low of $98.65 and a 52-week high of $104.50. The company has a market cap of $8.66 billion, a P/E ratio of 51.04 and a beta of 1.14.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The business had revenue of $410.30 million during the quarter, compared to analysts’ expectations of $398.54 million. TKO Group had a net margin of 12.65% and a return on equity of 34.50%. As a group, equities research analysts predict that TKO Group will post 2.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Roth Mkm assumed coverage on TKO Group in a report on Tuesday, September 12th. They issued a “buy” rating and a $132.00 price target for the company. UBS Group assumed coverage on TKO Group in a report on Friday. They issued a “buy” rating for the company. Seaport Res Ptn raised TKO Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 12th. Finally, Guggenheim started coverage on TKO Group in a research note on Tuesday, September 12th. They issued a “buy” rating and a $130.00 target price for the company.

Insider Activity at TKO Group

In other news, Director Jonathan Kraft purchased 5,000 shares of the stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of $101.53 per share, with a total value of $507,650.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $507,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 38.90% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces live events, as well as broadcasts to TV households across approximately 170 countries. Its digital offerings include UFC FIGHT PASS, a streaming service for combat sports. The company is also involved in sports entertainment business, including entertainment on television programming, premium live events, digital media, and publishing platforms.