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

TKO Group (NYSE:TKO) is set to release its earnings data 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 interested in listening to the company’s earnings conference call can do so using this link.

TKO Group (NYSE:TKO) last issued its 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). The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. 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 Performance

NYSE:TKO opened at $98.32 on Monday. The stock’s 50-day moving average is $89.26 and its 200-day moving average is $83.76. The stock 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 1-year low of $72.33 and a 1-year high of $106.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TKO. The Goldman Sachs Group started coverage on shares of TKO Group in a report on Thursday, March 7th. They set a “buy” rating and a $102.00 target price on the stock. TD Cowen initiated coverage on TKO Group in a research report on Friday, January 12th. They set a “market perform” rating and a $92.00 target price for the company. Morgan Stanley assumed coverage on TKO Group in a research report on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price target on the stock. Roth Mkm restated a “buy” rating and set a $112.00 price objective on shares of TKO Group in a research report on Friday, April 12th. Finally, Northcoast Research assumed coverage on TKO Group in a report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.31.

Insider Activity

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

About TKO Group

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.