Endeavor Group (EDR) to Release Quarterly Earnings on Thursday

Endeavor Group (NYSE:EDR) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $1.52 billion for the quarter.

Endeavor Group Trading Down 2.4 %

Shares of NYSE EDR opened at $30.01 on Tuesday. Endeavor Group has a twelve month low of $23.14 and a twelve month high of $35.99. The firm has a market cap of $20.53 billion, a PE ratio of -14.64 and a beta of 0.74. The business has a fifty day simple moving average of $31.38 and a two-hundred day simple moving average of $29.69. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. Endeavor Group’s payout ratio is currently -11.71%.

Analysts Set New Price Targets

A number of research analysts have commented on EDR shares. Seaport Res Ptn downgraded shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.86.

Insider Buying and Selling

In related news, CAO William K. Fullerton sold 6,875 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the transaction, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. The trade was a 11.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the purchase, the insider now owns 418,587 shares of the company’s stock, valued at $61,519,731.39. The trade was a 169.38 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,535,485 shares of company stock worth $239,160,243 in the last 90 days. 63.90% of the stock is owned by corporate insiders.

Endeavor Group Company Profile

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.