Atlanta Braves (NASDAQ:BATRA) Releases Earnings Results, Beats Estimates By $0.14 EPS

Atlanta Braves (NASDAQ:BATRA) posted its quarterly earnings results on Thursday. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.14, Zacks reports. Atlanta Braves had a negative return on equity of 25.95% and a negative net margin of 18.35%. The firm had revenue of $282.88 million for the quarter, compared to analyst estimates of $288.20 million. During the same period in the previous year, the firm earned ($0.55) earnings per share.

Atlanta Braves Stock Performance

Shares of BATRA stock traded down $0.54 during mid-day trading on Friday, reaching $44.53. The stock had a trading volume of 20,504 shares, compared to its average volume of 29,965. Atlanta Braves has a one year low of $36.78 and a one year high of $46.61. The firm has a market cap of $2.76 billion and a PE ratio of -22.27. The firm’s 50 day simple moving average is $43.04 and its 200 day simple moving average is $42.26. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.31.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of Atlanta Braves stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of $39.96 per share, with a total value of $79,920.00. Following the acquisition, the insider now owns 7,550 shares of the company’s stock, valued at $301,698. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders bought 3,000 shares of company stock worth $121,765. 4.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and set a $54.00 price target on shares of Atlanta Braves in a report on Thursday, May 16th.

About Atlanta Braves

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.