Endeavor Group (EDR) Projected to Post Earnings on Thursday

Endeavor Group (NYSE:EDR - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Endeavor Group to post earnings of $0.42 per share and revenue of $1.52 billion for the quarter.

Endeavor Group Stock Up 0.6 %

Endeavor Group stock traded up $0.18 during trading hours on Friday, hitting $30.97. The company had a trading volume of 22,790 shares, compared to its average volume of 1,844,159. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $21.19 billion, a P/E ratio of -15.11 and a beta of 0.74. Endeavor Group has a fifty-two week low of $23.14 and a fifty-two week high of $35.99. The firm's fifty day moving average is $31.40 and its 200-day moving average is $29.61.

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 dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, February 28th. Endeavor Group's dividend payout ratio is currently -11.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EDR shares. Seaport Res Ptn cut shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Endeavor Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.86.

Insider Activity at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell bought 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the purchase, the insider now directly owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. This trade represents a 4.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following the completion of the sale, the chief accounting officer now owns 53,255 shares in the company, valued at $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. Insiders acquired a total of 1,535,485 shares of company stock worth $239,160,243 in the last quarter. 63.90% of the stock is owned by 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.