FY2024 EPS Estimates for TKO Group Decreased by Roth Capital

TKO Group Holdings, Inc. (NYSE:TKO) – Stock analysts at Roth Capital reduced their FY2024 earnings per share estimates for shares of TKO Group in a research note issued on Thursday, November 7th. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $3.92 per share for the year, down from their previous estimate of $4.08. The consensus estimate for TKO Group’s current full-year earnings is $1.88 per share. Roth Capital also issued estimates for TKO Group’s Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $1.45 EPS and FY2026 earnings at $2.07 EPS.

Other equities analysts also recently issued research reports about the company. Pivotal Research upped their target price on TKO Group from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group increased their price objective on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Guggenheim increased their price objective on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.00.

TKO Group Price Performance

Shares of TKO opened at $119.08 on Monday. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of -283.52 and a beta of 1.06. TKO Group has a fifty-two week low of $72.33 and a fifty-two week high of $130.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.99. The business’s 50-day moving average is $121.39 and its 200-day moving average is $112.93.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The business had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of TKO Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after acquiring an additional 79,166 shares during the period. TD Asset Management Inc boosted its position in shares of TKO Group by 23.8% in the first quarter. TD Asset Management Inc now owns 1,473,435 shares of the company’s stock valued at $127,320,000 after acquiring an additional 283,731 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of TKO Group by 499.8% in the third quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after acquiring an additional 4,998 shares during the period. Russell Investments Group Ltd. boosted its position in shares of TKO Group by 29.8% in the first quarter. Russell Investments Group Ltd. now owns 113,914 shares of the company’s stock valued at $9,843,000 after acquiring an additional 26,168 shares during the period. Finally, Sei Investments Co. raised its stake in shares of TKO Group by 9.9% in the first quarter. Sei Investments Co. now owns 206,369 shares of the company’s stock valued at $17,832,000 after purchasing an additional 18,643 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.