Rosenblatt Securities analyst Bernie McTernan reiterated a Buy rating on World Wrestling (NYSE:WWE) on Monday, setting a price target of $62, which is approximately 11.67% above the present share price of $55.52.
McTernan expects World Wrestling to post earnings per share (EPS) of $0.62 for the first quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in World Wrestling, with an average price target of $55.17.
The analysts price targets range from a high of $72 to a low of $47.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $221.6 million and a net profit of $63.38 million. The company's market cap is $4.32 billion.
According to TipRanks.com, Rosenblatt Securities analyst Bernie McTernan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 39.5% and a 83.82% success rate.
World Wrestling Entertainment , Inc. engages in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands. It operates through the following business segments: Digital Media, Live Events, Consumer Products Division, WWE Studios, and Corporate & Other. The Digital Media segment revenues consist principally of subscriptions to WWE Network, fees for viewing its pay-per-view and video-on-demand programming, and advertising fees. The Live Events segment revenues consist principally of ticket sales and travel packages for live events. The Consumer Products segment revenues consist principally of royalties or license fees related to various WWE themed products such as video games, toys and apparel. The WWE Studios segment revenues consist of amounts earned from the investing in producing and/or distributing of filmed entertainment. The Corporate & Other segment revenues consist of amounts earned from the investing in producing and/or distributing of filmed entertainment. The company was founded by Vincent K. McMahon in 1980 and is headquartered in Stamford, CT.