Analysts Issue Forecasts for Atlanta Braves FY2024 Earnings

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) – Equities researchers at Seaport Res Ptn decreased their FY2024 earnings per share (EPS) estimates for shares of Atlanta Braves in a note issued to investors on Wednesday, November 6th. Seaport Res Ptn analyst D. Joyce now anticipates that the financial services provider will earn ($0.98) per share for the year, down from their previous estimate of ($0.39). The consensus estimate for Atlanta Braves’ current full-year earnings is ($0.44) per share. Seaport Res Ptn also issued estimates for Atlanta Braves’ Q4 2024 earnings at ($0.78) EPS, Q1 2025 earnings at ($1.07) EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at ($0.52) EPS, FY2025 earnings at ($0.79) EPS and FY2026 earnings at ($0.56) EPS.

Separately, Rosenblatt Securities cut their price target on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.

Atlanta Braves Stock Performance

NASDAQ:BATRK opened at $40.64 on Monday. The stock’s fifty day moving average price is $40.43 and its two-hundred day moving average price is $40.51. Atlanta Braves has a 52-week low of $33.95 and a 52-week high of $44.42. The company has a market cap of $2.06 billion, a price-to-earnings ratio of -55.67 and a beta of 0.70.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. 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 prior year, the company posted ($0.55) EPS.

Hedge Funds Weigh In On Atlanta Braves

Several hedge funds have recently modified their holdings of BATRK. Wealth Enhancement Advisory Services LLC grew its holdings in Atlanta Braves by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,388 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 341 shares during the period. Delphi Management Inc. MA grew its holdings in Atlanta Braves by 0.8% during the second quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock worth $1,863,000 after purchasing an additional 388 shares during the period. Diversify Advisory Services LLC grew its holdings in Atlanta Braves by 3.4% during the third quarter. Diversify Advisory Services LLC now owns 15,052 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 489 shares during the period. Hahn Capital Management LLC grew its holdings in Atlanta Braves by 33.7% during the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 495 shares during the period. Finally, nVerses Capital LLC grew its holdings in Atlanta Braves by 25.0% during the third quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 600 shares during the period. Institutional investors own 64.88% of the company’s stock.

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.