World Wrestling Entertainment (WWE) is Initiated by MKM Partners to Buy

World Wrestling Entertainment (WWE) was Initiated by MKM Partners to “Buy”. MKM Partners advised their investors in a research report released on Jan 10, 2017.

Many Wall Street Analysts have commented on World Wrestling Entertainment. World Wrestling Entertainment was Downgraded by Wells Fargo to ” Market Perform” on Oct 28, 2016. World Wrestling Entertainment was Downgraded by Pacific Crest to ” Sector Weight” on Oct 28, 2016.

On the company’s financial health, World Wrestling Entertainment reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.18. The company had revenue of $164.20 million for the quarter, compared to analysts expectations of $173.91 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

World Wrestling Entertainment closed down -0.17 points or -0.91% at $18.46 with 3,34,751 shares getting traded on Friday. Post opening the session at $18.67, the shares hit an intraday low of $18.46 and an intraday high of $18.76 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 22, 2016, Michelle D Wilson (Chief Revenue & Marketing Off) sold 12,100 shares at $20.91 per share price. According to the SEC, on Aug 15, 2016, Kevin Dunn (Executive Producer & Chief Glo) sold 56,000 shares at $20.55 per share price. On Aug 12, 2016, Mark Kowal (SVP, Controller; CAO) sold 6,500 shares at $20.92 per share price, according to the Form-4 filing with the securities and exchange commission.

World Wrestling Entertainment Inc. (WWE) is a media and entertainment company. The Company is involved in the sports entertainment business. The Company develops content through network television online and its live events. The Company operates in 10 segments: Network Television Home Entertainment Digital Media Live Events Licensing Venue Merchandise WWEShop WWE Studios and Corporate and Other. Its network segment includes its pay-per-view business. Its WWE Network is available approximately in 170 countries and territories. The Company’s television programs are viewed in over 170 countries and 35 languages across the world. The Company’s home entertainment titles are sold through retailers as well as subscription and transactional on-demand outlets. WWE also markets and distributes content and digital products and sells online advertising. WWE’s venue merchandise segment is involved in designing sourcing marketing and distributing of various branded products.

World Wrestling Entertainment

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