TKO Group (TKO) to Release Quarterly Earnings on Wednesday

TKO Group (NYSE:TKO) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect TKO Group to post earnings of $0.51 per share for the quarter. TKO Group has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The business had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. On average, analysts expect TKO Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TKO Group Stock Up 3.1 %

Shares of NYSE:TKO opened at $98.32 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a market cap of $16.91 billion, a P/E ratio of 144.59 and a beta of 1.03. TKO Group has a 12 month low of $72.33 and a 12 month high of $106.16. The company’s 50-day moving average price is $89.26 and its two-hundred day moving average price is $83.76.

Analysts Set New Price Targets

Several research firms have issued reports on TKO. Moffett Nathanson initiated coverage on TKO Group in a report on Monday, January 29th. They set a “neutral” rating and a $95.00 price objective on the stock. Citigroup raised their price target on TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. TD Cowen initiated coverage on TKO Group in a report on Friday, January 12th. They set a “market perform” rating and a $92.00 price objective for the company. Roth Mkm reiterated a “buy” rating and set a $112.00 price target on shares of TKO Group in a research report on Friday, April 12th. Finally, Morgan Stanley started coverage on shares of TKO Group in a report on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $108.31.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 38.90% of the stock is owned by corporate insiders.

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.