What is Roth Capital’s Forecast for TKO Group Q3 Earnings?

TKO Group Holdings, Inc. (NYSE:TKO) – Stock analysts at Roth Capital upped their Q3 2024 earnings per share (EPS) estimates for shares of TKO Group in a report released on Wednesday, October 16th. Roth Capital analyst E. Handler now anticipates that the company will post earnings of $0.52 per share for the quarter, up from their previous estimate of $0.48. The consensus estimate for TKO Group’s current full-year earnings is $4.17 per share. Roth Capital also issued estimates for TKO Group’s FY2024 earnings at $4.08 EPS, Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $1.14 EPS, Q3 2025 earnings at $0.69 EPS and FY2025 earnings at $3.00 EPS.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The firm had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue was up 178.9% compared to the same quarter last year.

A number of other research analysts have also recently commented on the company. Morgan Stanley upped their target price on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. UBS Group increased their target price on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Bank of America assumed coverage on shares of TKO Group in a report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target on the stock. Finally, Pivotal Research assumed coverage on shares of TKO Group in a report on Friday, September 13th. They set a “buy” rating and a $170.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $132.21.

TKO Group Stock Performance

TKO Group stock opened at $129.95 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $22.17 billion, a P/E ratio of -135.36 and a beta of 1.04. TKO Group has a 1-year low of $72.33 and a 1-year high of $130.95. The company’s 50-day moving average is $120.93 and its 200 day moving average is $110.03.

Insider Transactions at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group 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 transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on 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 sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its holdings in TKO Group by 33.7% in the fourth 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 last quarter. American International Group Inc. grew its stake in TKO Group by 10.1% during the 4th quarter. American International Group Inc. now owns 81,579 shares of the company’s stock worth $6,655,000 after buying an additional 7,456 shares during the last quarter. Vanguard Group Inc. increased its position 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. First Hawaiian Bank purchased a new stake in TKO Group in the first quarter valued at about $494,000. Finally, Park Avenue Securities LLC boosted its holdings in TKO Group by 11.0% in the first quarter. Park Avenue Securities LLC now owns 7,660 shares of the company’s stock worth $662,000 after acquiring an additional 760 shares in the last quarter. Hedge funds and other 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.