Endeavor Group (NYSE:EDR) Releases Quarterly Earnings Results

Endeavor Group (NYSE:EDR) posted its earnings results on Thursday. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.73), Zacks reports. Endeavor Group had a positive return on equity of 3.79% and a negative net margin of 8.34%.

Endeavor Group Stock Up 0.1 %

Shares of NYSE:EDR traded up $0.05 during trading hours on Thursday, hitting $30.86. The company’s stock had a trading volume of 298,833 shares, compared to its average volume of 1,709,958. The firm’s fifty day moving average price is $31.38 and its 200 day moving average price is $29.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.63. Endeavor Group has a 52 week low of $23.20 and a 52 week high of $35.99. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of -15.05 and a beta of 0.74.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 0.78%. Endeavor Group’s dividend payout ratio is currently -11.71%.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CAO Seth D. Krauss sold 13,280 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $30.03, for a total transaction of $398,798.40. Following the completion of the transaction, the chief accounting officer now owns 101,116 shares of the company’s stock, valued at $3,036,513.48. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William K. Fullerton sold 6,875 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.17, for a total transaction of $214,293.75. Following the sale, the chief accounting officer now directly owns 53,255 shares in the company, valued at $1,659,958.35. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 1,535,485 shares of company stock valued at $239,160,243 and have sold 146,905 shares valued at $4,418,864. Insiders own 63.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EDR shares. Seaport Res Ptn lowered shares of Endeavor Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Endeavor Group from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.86.

Endeavor Group Company Profile

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.