Endeavor Group Holdings Inc. (NYSE: EDR) stock fell -0.58% on Thursday to $22.41 against a previous-day closing price of $22.54. With 1.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.03 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $22.56 whereas the lowest price it dropped to was $22.18. The 52-week range on EDR shows that it touched its highest point at $26.26 and its lowest point at $18.58 during that stretch. It currently has a 1-year price target of $32.82.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EDR was down-trending over the past week, with a drop of -4.52%, but this was down by -12.12% over a month. Three-month performance surged to 0.86% while six-month performance rose 3.18%. The stock gained 6.92% in the past year, while it has lost -0.58% so far this year. A look at the trailing 12-month EPS for EDR yields -0.63 with Next year EPS estimates of 1.64. For the next quarter, that number is 0.31. This implies an EPS growth rate of 140.00% for this year and 29.61% for next year. EPS is expected to grow by 28.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.00%.
Float and Shares Shorts:
At present, 291.94 million EDR shares are outstanding with a float of 287.82 million shares on hand for trading. On May 14, 2023, short shares totaled 7.51 million, which was 2.50% higher than short shares on Apr 13, 2023. In addition to Mr. Patrick William Whitesell as the firm’s Exec. Chairman, Mr. Ariel Zev Emanuel serves as its CEO & Director.
Through their ownership of 97.05% of EDR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.13% of EDR, in contrast to 26.50% held by mutual funds. Shares owned by individuals account for 0.93%. As the largest shareholder in EDR with 7.22% of the stake, GIC Pte Ltd. holds 21,038,712 shares worth 21,038,712. A second-largest stockholder of EDR, Canada Pension Plan Investment Bo, holds 21,038,712 shares, controlling over 7.22% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in EDR, holding 12,188,333 shares or 4.18% stake. With a 7.22% stake in EDR, the Canada Pension Plan is the largest stakeholder. A total of 21,039,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.40% of EDR stock, is the second-largest Mutual Fund holder. It holds 4,069,808 shares valued at 104.92 million. Morgan Stanley Invt. Fds. – Globa holds 1.29% of the stake in EDR, owning 3,744,869 shares worth 96.54 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EDR reported revenue of $1.31B and operating income of $151.02M. The EBITDA in the recently reported quarter was $212.90M and diluted EPS was $0.09.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EDR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EDR analysts setting a high price target of $41.00 and a low target of $28.00, the average target price over the next 12 months is $32.82. Based on these targets, EDR could surge 82.95% to reach the target high and rise by 24.94% to reach the target low. Reaching the average price target will result in a growth of 46.45% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded EDR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 924,998 while 1,189,797 shares were sold.