A Closer Look At World Wrestling Entertainment Inc. (WWE)’s Financials


As of Wednesday close, World Wrestling Entertainment Inc.’s (NYSE:WWE) stock was up $0.88, moving up 1.11 percent to $80.43. The average number of shares traded per day over the past five days has been 424,660 shares. 5 times new highs have been achieved over the past 5 days, with a $2.63 gain in that time frame. In the last twenty days, the average volume was 594,935, while in the previous 50 days, it was 711,938.

Since last month, WWE stock rose 3.25%. Shares of the company fell to $72.01 on 11/03/22, the lowest level in the past month. A 52-week high of $80.09 was reached on 11/23/22 after having rallying from a 52-week low of $46.91. Since the beginning of this year, WWE’s stock price has risen by 63.01% or $31.09, and marked a new high 35 times. However, the stock has increased by 0.42% since its 52-week high.

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WWE stock investors should be aware that World Wrestling Entertainment Inc. (WWE) stock had its last reported insider trading activity 181 days ago on May 27. DUNN KEVIN, the Executive Producer & Chief Glo of the company, disposed of 15,000 shares for $66.70 on May 27. It resulted in a $1,000,500 divestment by the insider. Blum Bradley sold 9,800 shares at an average price of $60.14 on Mar 23. The insider now owns 30,737 shares following the transaction.

Valuation Metrics

Right now, World Wrestling Entertainment Inc. (WWE) has a P/E ratio of about 32.08. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 4.61, the price-to-book (PB) ratio of 12.69, and the price-to-cash flow ratio of 79.23 may also be considered.

The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12.

Financial Health

In the three months ended June 29, World Wrestling Entertainment Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.82, and the total debt-to-equity ratio was 1.31. In the year ended June 29, operating margins totaled 23.60%. Based on annual data, WWE earned $487.0 million in gross profit and brought in $1.1 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.70%. Return on equity (ROE) for the past 12 months was 51.40%.

In World Wrestling Entertainment Inc.’s quarter-end financial report for June 29, it reported total debt of $20.96 million against cash and short-term investments of $259.31 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WWE’s revenue rose 16.02% to $328.14 million during the quarter, while net income inched up to $304.64 million. While analysts expected World Wrestling Entertainment Inc. to report $0.56 quarterly earnings, the actual figure was $0.59 per share, beating the consensus estimate by 5.40%. During the quarter, the company generated $83.52 million in EBITDA. The liabilities of World Wrestling Entertainment Inc. were 861.85 million at the end of its most recent quarter ended June 29, and its total debt was $629.53 million. The value of shareholders’ equity is $74.4 million.

Technical Picture

This quick technical analysis looks at World Wrestling Entertainment Inc.’s (WWE) price momentum. With a historical volatility rate of 14.30%, the RSI 9-day stood at 74.02% on 23 November.

With respect to its five-day moving average, the current World Wrestling Entertainment Inc. price is up by +3.38% percent or $2.63. At present, WWE shares trade +2.02% above its 20-day simple moving average and +29.48% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.90% above its SMA50 and +52.50% above its SMA200.

Stochastic coefficient K was 92.13% and Stochastic coefficient D was 87.29%, while ATR was 1.80. Given the Stochastic reading of 93.36% for the 14-day period, the RSI (14) reading has been calculated as 68.84%. As of today, the MACD Oscillator reading stands at 1.88, while the 14-day reading stands at 2.92.

Analyst Ratings

Wolfe Research upgraded its rating on World Wrestling Entertainment Inc. (NYSE: WWE) to an Outperform in a note to investors on September 08, 2022. The analysts firm previously had a Peer perform rating on the stock.World Wrestling Entertainment Inc. (WWE) has been rated Overweight by analysts. According to 1 brokerage firm, WWE is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate World Wrestling Entertainment Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $86.00, the current consensus forecast for the stock is $52.00 – $111.00. Based on these forecasts, analysts predict World Wrestling Entertainment Inc. (WWE) will achieve an average price target of $84.30.


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