Seaport Res Ptn Analysts Reduce Earnings Estimates for TKO Group Holdings, Inc. (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) – Seaport Res Ptn reduced their Q3 2024 earnings per share (EPS) estimates for TKO Group in a research note issued on Sunday, August 11th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $0.63 per share for the quarter, down from their prior estimate of $0.82. The consensus estimate for TKO Group’s current full-year earnings is $4.03 per share. Seaport Res Ptn also issued estimates for TKO Group’s Q4 2024 earnings at $0.30 EPS, Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $3.56 EPS.

Other analysts have also recently issued reports about the company. Roth Mkm raised their price target on TKO Group from $121.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. 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 report on Friday, August 9th. Redburn Atlantic assumed coverage on TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 price target for the company. TD Cowen raised their price objective on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Finally, Morgan Stanley boosted their price objective on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.07.

TKO Group Price Performance

TKO Group stock opened at $117.11 on Wednesday. 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 company has a fifty day simple moving average of $109.10 and a 200-day simple moving average of $98.30. The stock has a market cap of $19.94 billion, a P/E ratio of -115.95 and a beta of 1.04. TKO Group has a 12-month low of $72.33 and a 12-month high of $120.40.

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 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 firm had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s revenue was up 178.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TKO. Fifth Third Bancorp raised its stake in shares of TKO Group by 34.0% during the first quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock worth $47,000 after purchasing an additional 138 shares during the last quarter. Picton Mahoney Asset Management increased its stake in TKO Group by 8.7% in the 4th quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock valued at $152,000 after buying an additional 150 shares during the period. Bank of Montreal Can raised its position in TKO Group by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock worth $719,000 after buying an additional 184 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of TKO Group by 10.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock worth $341,000 after acquiring an additional 286 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of TKO Group by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company’s stock valued at $1,486,000 after acquiring an additional 300 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were 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 directly owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 53.80% of the stock is currently owned by insiders.

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.