Endeavor Group (EDR) Set to Announce Earnings on Thursday

Endeavor Group (NYSE:EDR) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Endeavor Group (NYSE:EDR) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. On average, analysts expect Endeavor Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Endeavor Group Stock Performance

NYSE EDR opened at $26.47 on Wednesday. The company’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $24.44. The stock has a market cap of $18.33 billion, a P/E ratio of 25.45, a PEG ratio of 1.93 and a beta of 0.79. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $26.63. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. Endeavor Group’s payout ratio is currently 23.08%.

Wall Street Analyst Weigh In

Several research analysts recently commented on EDR shares. Citigroup cut Endeavor Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $29.00 to $27.50 in a research note on Monday, April 15th. TD Cowen raised their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Evercore ISI reaffirmed an “in-line” rating and issued a $27.50 price target (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. UBS Group reissued a “neutral” rating and set a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Finally, Guggenheim restated a “neutral” rating and issued a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $29.30.

Insider Activity

In other news, CAO William K. Fullerton sold 6,750 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $26.51, for a total transaction of $178,942.50. Following the completion of the transaction, the chief accounting officer now directly owns 46,600 shares of the company’s stock, valued at $1,235,366. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO William K. Fullerton sold 6,750 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the completion of the transaction, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at $1,235,366. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason Lublin sold 46,419 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the transaction, the chief financial officer now owns 112,457 shares of the company’s stock, valued at approximately $2,707,964.56. The disclosure for this sale can be found here. In the last three months, insiders sold 183,383 shares of company stock valued at $4,496,219. Company insiders own 82.08% of the company’s stock.

About Endeavor Group

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.