Roth Capital Has Optimistic Outlook of TKO Group Q3 Earnings

TKO Group Holdings, Inc. (NYSE:TKO) – Research analysts at Roth Capital increased their Q3 2024 EPS estimates for shares of TKO Group in a research note issued on Wednesday, October 16th. Roth Capital analyst E. Handler now anticipates that the company will earn $0.52 per share for the quarter, up from their previous estimate of $0.48. The consensus estimate for TKO Group’s current full-year earnings is $4.17 per share. Roth Capital also issued estimates for TKO Group’s FY2024 earnings at $4.08 EPS, Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $1.14 EPS, Q3 2025 earnings at $0.69 EPS and FY2025 earnings at $3.00 EPS.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. TD Cowen lifted their price target on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Roth Mkm boosted their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday. Guggenheim raised their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group lifted their price objective on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.21.

TKO Group Trading Up 0.3 %

NYSE:TKO opened at $128.02 on Friday. TKO Group has a 12-month low of $72.33 and a 12-month high of $129.06. The firm has a market cap of $21.85 billion, a PE ratio of -133.35 and a beta of 1.04. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $120.69 and a 200 day moving average price of $109.72.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). The business had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The firm’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS.

Insider Buying and Selling at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the company’s 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 sale, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated Monday, September 16th. The shares were 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 owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 53.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently bought and sold shares of the stock. Quent Capital LLC boosted its holdings in shares of TKO Group by 17.4% in the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after purchasing an additional 101 shares during the last quarter. Bank of Montreal Can boosted its holdings in TKO Group by 2.8% in the second quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after acquiring an additional 184 shares during the last quarter. Truist Financial Corp grew its position in TKO Group by 4.9% during the second quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock valued at $570,000 after acquiring an additional 248 shares during the period. Sumitomo Life Insurance Co. increased its stake in TKO Group by 2.7% during the third quarter. Sumitomo Life Insurance Co. now owns 9,351 shares of the company’s stock worth $1,157,000 after acquiring an additional 250 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of TKO Group by 2.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,351 shares of the company’s stock worth $1,157,000 after purchasing an additional 250 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

About TKO Group

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.