Endeavor Group (NYSE:EDR) Announces Earnings Results

Endeavor Group (NYSE:EDR) announced its quarterly earnings data on Thursday. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.73), Zacks reports. Endeavor Group had a positive return on equity of 3.79% and a negative net margin of 8.34%.

Endeavor Group Stock Performance

Shares of EDR stock traded up $0.05 during trading on Thursday, hitting $30.86. The company’s stock had a trading volume of 298,833 shares, compared to its average volume of 1,709,958. The company has a market cap of $21.11 billion, a PE ratio of -15.05 and a beta of 0.74. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $31.38 and a 200-day moving average of $29.73. Endeavor Group has a 52 week low of $23.20 and a 52 week high of $35.99.

Endeavor Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, February 28th. Endeavor Group’s dividend payout ratio (DPR) is currently -11.71%.

Analysts Set New Price Targets

EDR has been the topic of several recent analyst reports. Seaport Res Ptn downgraded Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com lowered Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Endeavor Group has a consensus rating of “Hold” and an average target price of $27.86.

Insider Buying and Selling at Endeavor Group

In related news, CAO Seth D. Krauss sold 13,280 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $30.03, for a total value of $398,798.40. Following the completion of the transaction, the chief accounting officer now directly owns 101,116 shares in the company, valued at $3,036,513.48. The trade was a 11.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.17, for a total transaction of $214,293.75. Following the sale, the chief accounting officer now owns 53,255 shares of the company’s stock, valued at approximately $1,659,958.35. This represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 1,535,485 shares of company stock valued at $239,160,243 and sold 146,905 shares valued at $4,418,864. 63.90% of the stock is owned by corporate insiders.

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.