Atlanta Braves (NASDAQ:BATRK) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Atlanta Braves (NASDAQ:BATRK) announced its earnings results on Thursday. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05, Zacks reports. The business had revenue of $282.88 million for the quarter, compared to analysts’ expectations of $288.20 million. During the same period in the previous year, the firm posted ($0.55) earnings per share.

Atlanta Braves Trading Down 1.4 %

BATRK stock traded down $0.61 during midday trading on Friday, hitting $42.06. 396,706 shares of the company’s stock were exchanged, compared to its average volume of 199,393. The firm has a 50 day moving average price of $40.93 and a 200-day moving average price of $39.67. Atlanta Braves has a 12-month low of $33.95 and a 12-month high of $44.15. The stock has a market capitalization of $2.13 billion and a price-to-earnings ratio of -21.03.

Insider Activity

In related news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was acquired at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the transaction, the insider now owns 7,550 shares of the company’s stock, valued at $301,698. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders acquired 3,000 shares of company stock worth $121,765. 11.43% of the stock is currently owned by insiders.

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.