Madison Square Garden Sports (MSGS) Scheduled to Post Quarterly Earnings on Friday

Madison Square Garden Sports (NYSE:MSGS) is scheduled to release its earnings data before the market opens on Friday, November 1st. Analysts expect Madison Square Garden Sports to post earnings of ($0.88) per share for the quarter.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings results on Tuesday, August 13th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.73. Madison Square Garden Sports had a net margin of 5.72% and a negative return on equity of 18.69%. The company had revenue of $227.25 million during the quarter, compared to analysts’ expectations of $167.71 million. During the same period in the prior year, the company earned ($0.39) earnings per share. The business’s quarterly revenue was up 79.1% compared to the same quarter last year. On average, analysts expect Madison Square Garden Sports to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Madison Square Garden Sports Stock Up 0.3 %

Shares of MSGS opened at $222.88 on Wednesday. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 91.72 and a beta of 0.93. The stock’s 50-day moving average price is $210.96 and its 200 day moving average price is $197.45. Madison Square Garden Sports has a 12-month low of $165.65 and a 12-month high of $223.86.

Wall Street Analyst Weigh In

Separately, Macquarie dropped their price target on Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating for the company in a report on Friday, August 16th.

Insider Activity at Madison Square Garden Sports

In related news, CEO James Lawrence Dolan sold 629 shares of Madison Square Garden Sports stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.30, for a total transaction of $131,649.70. Following the transaction, the chief executive officer now owns 10,192 shares of the company’s stock, valued at $2,133,185.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 22.10% of the stock is currently owned by company insiders.

Madison Square Garden Sports Company Profile

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.