Endeavor Group (NYSE:EDR) Issues Quarterly Earnings Results, Misses Expectations By $0.73 EPS

Endeavor Group (NYSE:EDR - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.73), Zacks reports. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. Endeavor Group had a negative net margin of 8.34% and a positive return on equity of 3.79%.

Endeavor Group Stock Performance

Endeavor Group stock traded down $3.49 during trading hours on Monday, hitting $29.10. 8,260,118 shares of the stock traded hands, compared to its average volume of 1,855,062. The firm's 50 day moving average price is $31.39 and its 200-day moving average price is $29.80. 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 stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of -14.20 and a beta of 0.74. Endeavor Group has a 1 year low of $24.21 and a 1 year high of $35.99.

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. Endeavor Group's dividend payout ratio (DPR) is -9.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Seaport Res Ptn downgraded shares of Endeavor Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 11th. StockNews.com downgraded 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 given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $27.86.

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Insider Transactions at Endeavor Group

In other news, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $31.17, for a total value of $214,293.75. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Lublin sold 50,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $29.98, for a total transaction of $1,499,000.00. Following the transaction, the chief financial officer now owns 219,613 shares of the company's stock, valued at $6,583,997.74. This represents a 18.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,535,485 shares of company stock worth $239,160,243 and sold 146,905 shares worth $4,418,864. Company insiders own 63.90% of the company's stock.

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.