Equities Analysts Offer Predictions for TKO Group Holdings, Inc.’s Q3 2024 Earnings (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) – Investment analysts at Seaport Res Ptn decreased their Q3 2024 earnings estimates for TKO Group in a report issued on Wednesday, October 9th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $0.57 per share for the quarter, down from their previous estimate 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) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The business had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business’s quarterly revenue was up 178.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share.

Several other research firms have also issued reports on TKO. JPMorgan Chase & Co. raised their price objective on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. The Goldman Sachs Group lifted their price objective 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. Redburn Atlantic initiated coverage on shares of TKO Group in a research report on Thursday, July 18th. They set a “buy” rating and a $129.00 price objective on the stock. Pivotal Research began coverage on shares of TKO Group in a report on Friday, September 13th. They issued a “buy” rating and a $170.00 target price for the company. Finally, Morgan Stanley upped their price target on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $130.93.

TKO Group Trading Up 0.5 %

TKO opened at $127.52 on Friday. The stock has a 50-day moving average of $119.40 and a 200 day moving average of $108.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group has a 12 month low of $72.33 and a 12 month high of $128.31. The firm has a market cap of $21.76 billion, a P/E ratio of -132.83 and a beta of 1.04.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently modified their holdings of TKO. Stablepoint Partners LLC purchased a new position in TKO Group during the third quarter valued at approximately $232,000. Compagnie Lombard Odier SCmA boosted its position in TKO Group by 7.6% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 16,440 shares of the company’s stock valued at $2,034,000 after acquiring an additional 1,160 shares in the last quarter. Annex Advisory Services LLC increased its holdings in shares of TKO Group by 14.1% in the 3rd quarter. Annex Advisory Services LLC now owns 234,398 shares of the company’s stock valued at $28,997,000 after acquiring an additional 28,929 shares during the period. CWM LLC raised its position in shares of TKO Group by 92.3% in the 3rd quarter. CWM LLC now owns 646 shares of the company’s stock worth $80,000 after acquiring an additional 310 shares in the last quarter. Finally, Barlow Wealth Partners Inc. lifted its stake in shares of TKO Group by 1.8% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 119,179 shares of the company’s stock worth $15,032,000 after purchasing an additional 2,078 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the transaction, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total value 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 $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 53.80% of the company’s stock.

TKO Group Company Profile

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.