Madison Square Garden Sports (NYSE:MSGS – Get Rating) released its quarterly earnings data on Thursday. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.34), MarketWatch Earnings reports. Madison Square Garden Sports had a negative return on equity of 24.26% and a net margin of 8.54%. The firm had revenue of $337.80 million for the quarter, compared to the consensus estimate of $332.95 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was up 84.6% compared to the same quarter last year.
MSGS traded down $5.58 during trading on Friday, hitting $162.77. The company had a trading volume of 129,008 shares, compared to its average volume of 82,664. The company has a market capitalization of $3.93 billion, a PE ratio of 54.26 and a beta of 0.92. Madison Square Garden Sports has a one year low of $152.42 and a one year high of $203.37. The firm’s 50-day moving average price is $170.57 and its 200 day moving average price is $173.73.
MSGS has been the subject of several recent analyst reports. Zacks Investment Research upgraded Madison Square Garden Sports from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. TheStreet upgraded Madison Square Garden Sports from a “d” rating to a “c-” rating in a report on Thursday, February 3rd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $211.50.
About Madison Square Garden Sports (Get Rating)
Madison Square Garden Sports Corp. operates as a professional sports company. The company owns and operates a portfolio of assets consists of the New York Knickerbockers of the National Basketball Association NBA and the New York Rangers of the National Hockey League NHL. Its other professional franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League (AHL) and the Westchester Knicks of the NBA G League (NBAGL).
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