FY2024 EPS Estimates for TKO Group Decreased by Roth Capital

TKO Group Holdings, Inc. (NYSE:TKO) – Equities researchers at Roth Capital decreased their FY2024 earnings estimates for TKO Group in a research report issued to clients and investors on Thursday, November 7th. Roth Capital analyst E. Handler now expects that the company will post earnings per share of $3.92 for the year, down from their previous estimate of $4.08. The consensus estimate for TKO Group’s current full-year earnings is $1.88 per share. Roth Capital also issued estimates for TKO Group’s Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $1.45 EPS and FY2026 earnings at $2.07 EPS.

Several other research analysts have also commented on TKO. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Morgan Stanley increased their price target on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Redburn Atlantic started coverage on TKO Group in a research report on Thursday, July 18th. They set a “buy” rating and a $129.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.00.

TKO Group Stock Performance

TKO Group stock opened at $116.42 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.99. TKO Group has a 12 month low of $72.33 and a 12 month high of $130.95. The company has a fifty day moving average price of $121.39 and a two-hundred day moving average price of $112.93. The company has a market cap of $19.87 billion, a PE ratio of -283.52 and a beta of 1.06.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in the business. Draper Asset Management LLC purchased a new position in TKO Group in the 3rd quarter worth about $296,000. Algert Global LLC grew its position in TKO Group by 151.5% during the 3rd quarter. Algert Global LLC now owns 58,581 shares of the company’s stock worth $7,247,000 after purchasing an additional 35,289 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in TKO Group during the 3rd quarter valued at $125,000. Citigroup Inc. lifted its holdings in shares of TKO Group by 3.4% in the third quarter. Citigroup Inc. now owns 100,426 shares of the company’s stock valued at $12,424,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of TKO Group by 14.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock worth $56,010,000 after buying an additional 56,312 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’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 sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 53.80% of the company’s stock.

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.