Endeavor Group Holdings Inc [EDR] stock is trading at $25.61, down -0.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The EDR shares have gain 3.94% over the last week, with a monthly amount glided 9.82%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, Endeavor Announces Q1 2024 Cash Dividend. In a post published today on Yahoo Finance, Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has declared a quarterly cash dividend in an aggregate amount of approximately $27 million. The dividend to Endeavor’s Class A common stockholders, following the distribution from Endeavor Operating Company to the Company, will be $0.06 per share. The dividend will be paid on March 29, 2024 to Class A common stockholders of record as of March 15, 2024.
From an analyst’s perspective:
Endeavor Group Holdings Inc [NYSE: EDR] stock has seen the most recent analyst activity on September 12, 2023, when TD Cowen initiated its Outperform rating and assigned the stock a price target of $28. Previously, Guggenheim started tracking the stock with Buy rating on May 01, 2023, and set its price target to $33. On April 24, 2023, Seaport Research Partners initiated with a Buy rating and assigned a price target of $30 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $28 on August 04, 2022. Citigroup upgraded its rating to a Buy but $25 remained the price target by the analyst firm on July 07, 2022. In a note dated May 18, 2022, Goldman upgraded an Buy rating on this stock and revised its target price from $30 to $29.
Endeavor Group Holdings Inc [EDR] stock has fluctuated between $17.65 and $26.26 over the past year. Currently, Wall Street analysts expect the stock to reach $30.5 within the next 12 months. Endeavor Group Holdings Inc [NYSE: EDR] shares were valued at $25.61 at the most recent close of the market. An investor can expect a potential return of 19.09% based on the average EDR price forecast.
Analyzing the EDR fundamentals
Endeavor Group Holdings Inc [NYSE:EDR] reported sales of 5.96B for the trailing twelve months, which represents a growth of 25.57%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.11 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.51 points at the first support level, and at 25.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.77, and for the 2nd resistance point, it is at 25.94.
Endeavor Group Holdings Inc [EDR] reported earnings per share of $0.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $-0.1 and a surprise factor of -62.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.34 per share as compared to estimates of $0.28 per share, a difference of $0.06 representing a surprise of 21.40%.
Ratios To Look Out For
For context, Endeavor Group Holdings Inc’s Current Ratio is 1.01. On the other hand, the Quick Ratio is 1.01, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 22.82.
Transactions by insiders
Recent insider trading involved Lublin Jason, Chief Financial Officer, that happened on Mar 12 ’24 when 20832.0 shares were sold., SHAPIRO MARK S completed a deal on Feb 23 ’24 to sell 22805.0 shares. Meanwhile, Chief Financial Officer Lublin Jason sold 18525.0 shares on Feb 23 ’24.
