Endeavor Group Holdings, Inc. (EDR) To Go Ex-Dividend on December 16th

Endeavor Group Holdings, Inc. (NYSE:EDR) announced a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.06 per share on Monday, December 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Monday, December 16th.

Endeavor Group has a dividend payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Endeavor Group to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 15.5%.

Endeavor Group Trading Up 0.1 %

NYSE EDR opened at $30.75 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Endeavor Group has a 1-year low of $22.75 and a 1-year high of $30.83. The firm’s fifty day simple moving average is $29.56 and its 200-day simple moving average is $28.13. The company has a market capitalization of $21.04 billion, a PE ratio of -15.00 and a beta of 0.76.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Endeavor Group in a research report on Monday, December 9th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Endeavor Group presently has a consensus rating of “Hold” and an average price target of $27.86.

Insider Transactions at Endeavor Group

In other Endeavor Group news, CEO Ariel Emanuel sold 149,280 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $28.10, for a total transaction of $4,194,768.00. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares of the company’s stock, valued at $51,458,040.70. The trade was a 7.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Whitesell purchased 60,208 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the insider now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 225,272 shares of company stock worth $6,372,925. 63.90% of the stock is owned by corporate insiders.

About Endeavor Group

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.