Endeavor Group Holdings, Inc. (NYSE:EDR) to Issue Quarterly Dividend of $0.06

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) announced a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.06 per share on Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, February 28th.

Endeavor Group has a payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Endeavor Group to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 18.0%.

Endeavor Group Price Performance

Shares of NYSE EDR traded down $4.50 during mid-day trading on Tuesday, reaching $30.68. The company had a trading volume of 651,225 shares, compared to its average volume of 2,006,161. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of -14.96 and a beta of 0.74. The business's 50-day simple moving average is $31.39 and its 200 day simple moving average is $29.59. Endeavor Group has a one year low of $23.14 and a one year high of $35.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63.

Analysts Set New Price Targets

EDR has been the topic of several research analyst reports. StockNews.com lowered shares of Endeavor Group from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Endeavor Group presently has a consensus rating of "Hold" and a consensus price target of $27.86.

Insider Transactions at Endeavor Group

In other Endeavor Group news, major shareholder Patrick Whitesell bought 117,769 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the transaction, the insider now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. This trade represents a 4.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 2,225 shares of Endeavor Group stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.58, for a total transaction of $68,040.50. Following the completion of the sale, the chief accounting officer now directly owns 53,124 shares in the company, valued at approximately $1,624,531.92. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders bought a total of 1,535,485 shares of company stock worth $239,160,243 in the last quarter. 63.90% of the stock is currently 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.