Endeavor Group (EDR) to Release Quarterly Earnings on Thursday

Endeavor Group (NYSE:EDR - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

Endeavor Group (NYSE:EDR - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. On average, analysts expect Endeavor Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Endeavor Group Price Performance

Shares of NYSE:EDR traded up $0.09 during midday trading on Thursday, hitting $29.50. 3,056,863 shares of the stock were exchanged, compared to its average volume of 3,616,660. Endeavor Group has a twelve month low of $22.59 and a twelve month high of $29.54. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $28.38 and a 200-day moving average price of $27.44. The stock has a market cap of $20.19 billion, a P/E ratio of -20.49 and a beta of 0.78.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Monday, September 16th. Endeavor Group's dividend payout ratio (DPR) is presently -16.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Endeavor Group in a research note on Wednesday. They issued a "hold" rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.86.

Insider Buying and Selling

In other Endeavor Group news, CEO Ariel Emanuel sold 27,816 shares of the business's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 225,272 shares of company stock worth $6,372,925. 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.