TKO Group (TKO) Scheduled to Post Quarterly Earnings on Wednesday

TKO Group (NYSE:TKO) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. TKO Group has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same quarter in the prior year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 178.9% on a year-over-year basis. On average, analysts expect TKO Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

TKO Group Price Performance

TKO stock opened at $115.86 on Wednesday. TKO Group has a 52 week low of $72.33 and a 52 week high of $130.95. The firm has a market capitalization of $19.77 billion, a P/E ratio of -120.69 and a beta of 1.04. The company has a fifty day simple moving average of $121.28 and a two-hundred day simple moving average of $111.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TKO. Bank of America assumed coverage on shares of TKO Group in a report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target for the company. Redburn Atlantic initiated coverage on TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 target price for the company. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley increased their target price on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.43.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 53.80% of the stock is owned by 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.