Q2 2024 Earnings Forecast for TKO Group Holdings, Inc. Issued By Roth Capital (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) – Stock analysts at Roth Capital increased their Q2 2024 earnings per share estimates for shares of TKO Group in a research note issued on Monday, July 22nd. Roth Capital analyst E. Handler now forecasts that the company will earn $0.92 per share for the quarter, up from their previous estimate of $0.86. The consensus estimate for TKO Group’s current full-year earnings is $4.02 per share. Roth Capital also issued estimates for TKO Group’s Q3 2024 earnings at $0.68 EPS, FY2025 earnings at $3.38 EPS and FY2026 earnings at $5.16 EPS.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 8th. The company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $1.63. The business had revenue of $629.70 million during the quarter, compared to analyst estimates of $609.28 million. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%.

A number of other equities research analysts have also weighed in on TKO. TD Cowen upgraded shares of TKO Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $92.00 to $127.00 in a research note on Wednesday, May 15th. Morgan Stanley boosted their target price on shares of TKO Group from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, July 15th. Redburn Atlantic started coverage on TKO Group in a research note on Thursday, July 18th. They issued a “buy” rating and a $129.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on TKO Group from $103.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. Finally, Jefferies Financial Group upped their price objective on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.64.

TKO Group Price Performance

Shares of TKO opened at $107.10 on Tuesday. The firm has a market cap of $18.24 billion, a PE ratio of -106.04 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 firm has a fifty day simple moving average of $107.57 and a two-hundred day simple moving average of $94.91. TKO Group has a 1-year low of $72.33 and a 1-year high of $113.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in shares of TKO Group during the 4th quarter valued at about $27,000. MFA Wealth Advisors LLC bought a new position in shares of TKO Group during the 2nd quarter valued at about $36,000. Blue Trust Inc. bought a new position in shares of TKO Group during the 4th quarter valued at about $37,000. GAMMA Investing LLC boosted its holdings in shares of TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of TKO Group by 34.0% in the 1st quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock valued at $47,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction on 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 transaction, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 53.80% of the stock is currently owned by insiders.

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.