Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a report published on Thursday morning. The brokerage issued a hold rating on the stock.

Endeavor Group Trading Down 0.1 %

Shares of EDR stock opened at $27.60 on Thursday. The stock has a market capitalization of $19.12 billion, a P/E ratio of 50.18 and a beta of 0.77. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $27.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company has a 50 day moving average price of $27.41 and a 200 day moving average price of $26.65.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. Equities research analysts predict that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, September 16th. Endeavor Group’s payout ratio is presently 43.64%.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,551,501.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Several large investors have recently bought and sold shares of the business. Longfellow Investment Management Co. LLC purchased a new stake in Endeavor Group during the 2nd quarter worth about $75,000. PNC Financial Services Group Inc. raised its position in shares of Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group during the first quarter worth approximately $102,000. SG Americas Securities LLC acquired a new position in Endeavor Group in the second quarter valued at approximately $130,000. Finally, Quest Partners LLC purchased a new position in Endeavor Group in the fourth quarter valued at approximately $177,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

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.