Revenue Update on World Wrestling Entertainment(NYSE:WWE)

World Wrestling Entertainment(NYSE:WWE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $199.00M. Analysts estimated a revenue of $181.60M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.01.

In a different note, On Jun 16, 2016, KeyBanc said it Maintains its rating on World Wrestling Entertainment. In the research note, the firm Lowers the price-target to $22.00 per share. The shares have been rated ‘Overweight’ by the firm.

World Wrestling Entertainment (WWE) made into the market gainers list on Thursdays trading session with the shares advancing 0.51% or 0.1 points. Due to strong positive momentum, the stock ended at $19.65, which is also near the day’s high of $19.69. The stock began the session at $19.48 and the volume stood at 2,34,598 shares. The 52-week high of the shares is $23.63 and the 52 week low is $14.2. The company has a current market capitalization of $1,501 M and it has 7,63,98,166 shares in outstanding.

World Wrestling Entertainment has also declared a cash dividend of $0.1200 on Jul 21, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed on Sep 15, 2016. The dividend payable date has been fixed on Sep 26, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Kevin Dunn (Executive Producer & Chief Glo) sold 40,000 shares at $18.02 per share price.Also, On May 17, 2016, Vincent K Mcmahon (director officer 10% owner (Chief Executive Offic) sold 2,191,894 shares at $16.50 per share price.On Dec 3, 2015, Stephanie Levesque (Chief Brand Officer) sold 49,733 shares at $17.30 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.

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