Atlanta Braves (NASDAQ:BATRA) Posts Quarterly Earnings Results, Beats Estimates By $0.47 EPS

Atlanta Braves (NASDAQ:BATRA) released its earnings results on Wednesday. The financial services provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.78) by $0.47, Zacks reports. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million.

Atlanta Braves Stock Up 1.1 %

Shares of BATRA traded up $0.46 during midday trading on Friday, hitting $43.69. The company had a trading volume of 7,504 shares, compared to its average volume of 50,969. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -59.80 and a beta of 0.80. Atlanta Braves has a 52 week low of $38.90 and a 52 week high of $46.65. The company’s 50 day moving average price is $41.78 and its 200 day moving average price is $42.62.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone purchased 5,094 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $41.94 per share, with a total value of $213,642.36. Following the purchase, the insider now directly owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 44,932 shares of company stock worth $1,864,395. 4.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Atlanta Braves in a research report on Thursday.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.