Madison Square Garden Sports (MSGS) Set to Announce Quarterly Earnings on Friday

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

Madison Square Garden Sports (NYSE:MSGS) last posted its 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 firm had revenue of $227.25 million during the quarter, compared to analysts’ expectations of $167.71 million. During the same period in the previous year, the company earned ($0.39) earnings per share. The company’s 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 0.6 %

Shares of MSGS traded up $1.26 during mid-day trading on Tuesday, hitting $223.51. 3,541 shares of the company’s stock were exchanged, compared to its average volume of 113,189. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 91.51 and a beta of 0.93. The firm has a fifty day moving average of $210.62 and a two-hundred day moving average of $197.16. Madison Square Garden Sports has a twelve month low of $165.65 and a twelve month high of $223.62.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO James Lawrence Dolan sold 629 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 22.10% of the company’s stock.

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.