TKO Group (TKO) to Release Quarterly Earnings on Wednesday

TKO Group (NYSE:TKO - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect TKO Group to post earnings of $0.16 per share and revenue of $603.98 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.

TKO Group Trading Down 3.1 %

Shares of TKO Group stock traded down $5.09 during trading hours on Friday, hitting $158.73. The company's stock had a trading volume of 1,714,356 shares, compared to its average volume of 1,093,385. TKO Group has a twelve month low of $78.69 and a twelve month high of $179.09. The firm has a fifty day moving average of $151.86 and a 200-day moving average of $133.32. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of -377.92 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

Analyst Ratings Changes

Several brokerages have recently commented on TKO. Seaport Res Ptn lowered TKO Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 11th. TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group upped their price target on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $148.08.

Insider Activity

In other TKO Group news, major shareholder Patrick Whitesell acquired 245,887 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $142.45 per share, for a total transaction of $35,026,603.15. Following the acquisition, the insider now owns 1,825,030 shares in the company, valued at $259,975,523.50. The trade was a 15.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ariel Emanuel acquired 117,769 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the acquisition, the chief executive officer now owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company's stock.

About TKO Group

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.