TKO Group Holdings, Inc. (NYSE:TKO – Free Report) – Seaport Res Ptn lowered their Q3 2024 EPS estimates for shares of TKO Group in a note issued to investors on Wednesday, October 9th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of $0.57 per share for the quarter, down from their prior forecast of $0.63. The consensus estimate for TKO Group’s current full-year earnings is $4.17 per share. Seaport Res Ptn also issued estimates for TKO Group’s Q1 2025 earnings at $0.79 EPS.
TKO Group (NYSE:TKO – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). The firm had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The company’s quarterly revenue was up 178.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS.
View Our Latest Research Report on TKO
TKO Group Stock Performance
TKO stock opened at $127.52 on Friday. The stock has a market capitalization of $21.76 billion, a PE ratio of -132.83 and a beta of 1.04. The stock’s 50 day simple moving average is $119.40 and its 200 day simple moving average is $108.60. TKO Group has a 12-month low of $72.33 and a 12-month high of $128.31. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.
Insider Transactions at TKO Group
In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the transaction, the director now directly owns 220,018 shares in the company, valued at $23,218,499.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of TKO. Scarborough Advisors LLC purchased a new position in shares of TKO Group in the fourth quarter valued at about $79,000. Teachers Retirement System of The State of Kentucky boosted its stake in TKO Group by 33.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 19,858 shares of the company’s stock worth $1,620,000 after purchasing an additional 5,000 shares during the period. American International Group Inc. boosted its stake in TKO Group by 10.1% in the 4th quarter. American International Group Inc. now owns 81,579 shares of the company’s stock worth $6,655,000 after purchasing an additional 7,456 shares during the period. Vanguard Group Inc. grew its holdings in TKO Group by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock valued at $489,101,000 after buying an additional 1,002,121 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of TKO Group during the first quarter valued at approximately $494,000. Institutional investors own 89.79% 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.
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