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

Endeavor Group Holdings, Inc. (NYSE:EDR) announced a quarterly dividend on Thursday, August 29th, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.06 per share on Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, September 16th.

Endeavor Group has a payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Endeavor Group to earn $0.91 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 26.4%.

Endeavor Group Trading Up 0.1 %

Shares of EDR stock opened at $27.48 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. Endeavor Group has a 12-month low of $17.65 and a 12-month high of $27.62. The stock has a market capitalization of $19.04 billion, a P/E ratio of 49.96 and a beta of 0.78. The firm’s 50 day moving average is $27.31 and its 200 day moving average is $26.37.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,551,501.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 63.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EDR. StockNews.com initiated coverage on Endeavor Group in a report on Tuesday. They issued a “hold” rating on the stock. Piper Sandler lowered shares of Endeavor Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.86.

Endeavor Group Company Profile

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.