Roth Capital Brokers Boost Earnings Estimates for TKO Group

TKO Group Holdings, Inc. (NYSE:TKO) – Stock analysts at Roth Capital boosted their Q3 2024 earnings per share (EPS) estimates for shares of TKO Group in a report released on Wednesday, October 16th. Roth Capital analyst E. Handler now expects that the company will post earnings per share of $0.52 for the quarter, up from their prior forecast 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.

A number of other equities analysts have also issued reports on TKO. JPMorgan Chase & Co. raised their target price on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Morgan Stanley lifted their target price on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Pivotal Research began coverage on shares of TKO Group in a report on Friday, September 13th. They issued a “buy” rating and a $170.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America started coverage on shares of TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price objective on the stock. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.21.

TKO Group Trading Up 0.3 %

NYSE:TKO opened at $128.02 on Friday. The company has a market capitalization of $21.85 billion, a P/E 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. TKO Group has a 12 month low of $72.33 and a 12 month high of $129.06. The firm has a fifty day simple moving average of $120.69 and a 200-day simple moving average of $109.72.

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

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the firm’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 directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents 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 accessible through this hyperlink. In other news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction that occurred 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 sale, the director now directly 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 legal filing with the SEC, which is available at this link. Also, insider Mark S. Shapiro sold 31,026 shares of the business’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 of the company’s stock, valued at $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC lifted its stake in shares of TKO Group by 17.4% in the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after buying an additional 101 shares in the last quarter. Bank of Montreal Can lifted its stake in TKO Group by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after purchasing an additional 184 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of TKO Group by 4.9% during the 2nd quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock worth $570,000 after purchasing an additional 248 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in shares of TKO Group by 2.7% in the third quarter. Sumitomo Life Insurance Co. now owns 9,351 shares of the company’s stock valued at $1,157,000 after purchasing an additional 250 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of TKO Group by 2.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,351 shares of the company’s stock valued at $1,157,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Company Profile

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.