In the last trading session, 48.91 million shares of the Endeavor Group Holdings Inc (NYSE:EDR) were traded, and its beta was 0.83. Most recently the company’s share price was $25.81, and it changed around $0.52 or 2.06% from the last close, which brings the market valuation of the company to $7.75B. EDR currently trades at a discount to its 52-week high of $26.26, offering almost -1.74% off that amount. The share price’s 52-week low was $17.65, which indicates that the current value has risen by an impressive 31.62% since then. We note from Endeavor Group Holdings Inc’s average daily trading volume that its 10-day average is 6.91 million shares, with the 3-month average coming to 2.85 million.
Endeavor Group Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.40. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended EDR as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Endeavor Group Holdings Inc is expected to report earnings per share of $0.29 for the current quarter.
Endeavor Group Holdings Inc (NYSE:EDR) trade information
Instantly EDR has showed a green trend with a performance of 2.06% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 8.77% year-to-date, but still up 0.74% over the last five days. On the other hand, Endeavor Group Holdings Inc (NYSE:EDR) is 4.07% up in the 30-day period. We can see from the shorts that 8.51 million shares have been sold at a short interest cover period of 2.64 day(s).
The consensus price target as assigned by Wall Street analysts is $30.5, which translates to bulls needing to increase their stock price by 15.38% from its current value. Analyst projections state that EDR is forecast to be at a low of $25 and a high of $36.
Endeavor Group Holdings Inc (EDR) estimates and forecasts
Endeavor Group Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 29.70 percent over the past six months and at a 84.81% annual growth rate that is well above the industry average of 5.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -9.40% in revenue this quarter, and will report a decrease of -68.30% in the next quarter. The year-over-year growth rate is expected to be 26.20%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $1.87 billion in revenue for the current quarter. 9 analysts expect Endeavor Group Holdings Inc to make $1.91 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.6 billion and $1.41 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.20%. Forecasts for the next quarter put sales growth at 35.50%.
Endeavor Group Holdings Inc earnings are expected to increase by 36.09% in 2024, but the outlook is positive 26.20% per year for the next five years.
EDR Dividends
Endeavor Group Holdings Inc’s next quarterly earnings report is expected to be released around May 07 and May 13. The annual dividend yield of the stock is 0.70 percent and its annual dividend per share was 0.18. It is important to note, however, that the 0.70% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Endeavor Group Holdings Inc (NYSE:EDR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.78% of Endeavor Group Holdings Inc shares, and 101.99% of them are in the hands of institutional investors. The stock currently has a share float of 102.79%. Endeavor Group Holdings Inc stock is held by 293 institutions, with Silver Lake Group, LLC being the largest institutional investor. By Jun 29, 2023, it held 30.28% of the shares, which is about 91.98 million shares worth $2.2 billion.
Canada Pension Plan Investment Board, with 6.93% or 21.04 million shares worth $503.25 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Columbia Fds Ser Tr I-Columbia Contrarian Core Fd were the top two Mutual Funds as of Jun 29, 2023. The former held 4.77 million shares worth $114.01 million, making up 1.57% of all outstanding shares. On the other hand, Columbia Fds Ser Tr I-Columbia Contrarian Core Fd held roughly 3.71 million shares worth around $83.47 million, which represents about 1.22% of the total shares outstanding.
