Seaport Res Ptn Brokers Lower Earnings Estimates for TKO Group Holdings, Inc. (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKOFree 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:TKOGet 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.

Other research analysts also recently issued reports about the company. Morgan Stanley upped their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Roth Mkm upped their target price on shares of TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. The Goldman Sachs Group lifted their price target on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Pivotal Research started coverage on shares of TKO Group in a research report on Friday, September 13th. They set a “buy” rating and a $170.00 price objective on the stock. Finally, UBS Group raised their target price on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $130.93.

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

(Get Free Report)

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.

See Also

Earnings History and Estimates for TKO Group (NYSE:TKO)

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