TKO Group Holdings, Inc. Declares None Dividend of $3.86 (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) declared a None dividend on Wednesday, September 13th, Zacks reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 3.86 per share on Friday, September 29th. The ex-dividend date of this dividend is Thursday, September 21st.

TKO Group Stock Performance

TKO opened at $104.13 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.76 and a current ratio of 3.78. The company has a market capitalization of $8.66 billion, a P/E ratio of 51.04 and a beta of 1.14. TKO Group has a 12 month low of $98.65 and a 12 month high of $104.50.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $410.30 million for the quarter, compared to the consensus estimate of $398.54 million. TKO Group had a net margin of 12.65% and a return on equity of 34.50%. On average, equities analysts expect that TKO Group will post 2.65 EPS for the current fiscal year.

Insider Buying and Selling

In other TKO Group news, Director Jonathan Kraft bought 5,000 shares of TKO Group stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of $101.53 per share, for a total transaction of $507,650.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $507,650. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 38.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TKO. UBS Group began coverage on shares of TKO Group in a research note on Friday. They issued a “buy” rating for the company. Guggenheim initiated coverage on TKO Group in a research report on Tuesday, September 12th. They issued a “buy” rating and a $130.00 target price for the company. Seaport Res Ptn upgraded TKO Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Roth Mkm initiated coverage on TKO Group in a research note on Tuesday, September 12th. They issued a “buy” rating and a $132.00 price objective on the stock.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces live events, as well as broadcasts to TV households across approximately 170 countries. Its digital offerings include UFC FIGHT PASS, a streaming service for combat sports. The company is also involved in sports entertainment business, including entertainment on television programming, premium live events, digital media, and publishing platforms.