Endeavor Group (EDR) Projected to Post Earnings on Thursday

Endeavor Group (NYSE:EDR) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $1.52 billion for the quarter.

Endeavor Group Price Performance

Shares of NYSE EDR opened at $31.08 on Wednesday. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of -15.16 and a beta of 0.74. Endeavor Group has a 52 week low of $23.14 and a 52 week high of $35.99. The firm has a 50-day simple moving average of $31.38 and a 200-day simple moving average of $29.71. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued 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 0.77%. Endeavor Group’s payout ratio is -11.71%.

Insider Buying and Selling

In other news, CAO Seth D. Krauss sold 13,280 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $30.03, for a total value of $398,798.40. Following the transaction, the chief accounting officer now directly owns 101,116 shares in the company, valued at approximately $3,036,513.48. This represents a 11.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the transaction, the chief accounting officer now directly owns 53,255 shares of the company’s stock, valued at $1,659,958.35. The trade was a 11.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,535,485 shares of company stock worth $239,160,243 and sold 146,905 shares worth $4,418,864. 63.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Seaport Res Ptn cut Endeavor Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 11th. StockNews.com lowered 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 assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.86.

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.