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4-Traders Homepage  >  Equities  >  Nyse  >  World Wrestling Entertainment, Inc.    WWE

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World Wrestling Entertainment, Inc. : WWE® to Report 2013 Third Quarter Results

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10/14/2013 | 01:01pm CET

WWE (NYSE:WWE) announced that it will report its 2013 third quarter results on Thursday, October 31, 2013, before the opening of the market. The Company's Chairman and CEO, Vincent K. McMahon, and senior management will host a conference call beginning at 11:00 a.m. ET to discuss the results.

All interested parties are welcome to listen to a live web cast that will be hosted through the Company's web site at corporate.wwe.com. Participants can access the conference call by dialing 855-993-1400 (toll free) or 630-691-2763 from outside the U.S. (conference ID for both lines: WWE). Please reserve a line 15 minutes prior to the start time of the conference call.

The earnings release and presentation to be referenced during the call will be available at corporate.wwe.com. A replay of the call will be available approximately two hours after the conference call concludes, and can be accessed on the Company's web site.

About WWE:

WWE, a publicly traded company (NYSE:WWE), is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming is broadcast in more than 150 countries and 30 languages and reaches more than 650 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, Miami, London, Mumbai, Shanghai, Singapore, Istanbul and Tokyo.

Additional information on WWE (NYSE:WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to www.wwe.com/worldwide/.

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.

Forward-Looking Statements: This press release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to maintaining and renewing key agreements, including television and pay-per-view programming distribution agreements; the need for continually developing creative and entertaining programming; the continued importance of key performers and the services of Vincent McMahon; the conditions of the markets in which we compete and acceptance of the Company's brands, media and merchandise within those markets; our exposure to bad debt risk; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive nature of our markets; uncertainties associated with international markets; the importance of protecting our intellectual property and complying with the intellectual property rights of others; risks associated with producing and traveling to and from our large live events, both domestically and internationally; the risk of accidents or injuries during our physically demanding events; risks relating to our film business; risks relating to increasing content production for distribution on various platforms, including the potential creation of a WWE Network; risks relating to our computer systems and online operations; risks relating to the large number of shares of common stock controlled by members of the McMahon family and the possibility of the sale of their stock by the McMahons or the perception of the possibility of such sales; the relatively small public float of our stock; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends, general economic and competitive conditions and such other factors as our Board of Directors may consider relevant.

WWE
Investors:
Michael Weitz, 203-352-8642
michael.weitz@wwecorp.com
or
Media:
Tara Carraro, 203-352-8625
tara.carraro@wwecorp.com


© Business Wire 2013
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Financials ($)
Sales 2016 714 M
EBIT 2016 56,3 M
Net income 2016 36,9 M
Finance 2016 3,44 M
Yield 2016 2,47%
P/E ratio 2016 42,42
P/E ratio 2017 30,45
EV / Sales 2016 2,07x
EV / Sales 2017 1,95x
Capitalization 1 485 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 21,1 $
Spread / Average Target 8,4%
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Managers
NameTitle
Vincent Kennedy McMahon Chairman & Chief Executive Officer
George A. Barrios Chief Financial & Strategy Officer
Joseph H. Perkins Independent Director
Stephanie Marie McMahon-Levesque Director & Chief Brand Officer
Frank A. Riddick Independent Director
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