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

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) is scheduled 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.73. The company had revenue of $227.25 million for the quarter, compared to analyst estimates of $167.71 million. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. The company's quarterly revenue was up 79.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) earnings per share. 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 0.3 %

Shares of NYSE:MSGS traded up $0.63 during mid-day trading on Tuesday, reaching $222.88. 106,487 shares of the stock were exchanged, compared to its average volume of 113,681. The stock's 50 day simple moving average is $210.96 and its 200-day simple moving average is $197.45. Madison Square Garden Sports has a one year low of $165.65 and a one year high of $223.86. The company has a market cap of $5.34 billion, a P/E ratio of 91.72 and a beta of 0.93.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered their price objective on shares of 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.

Insiders Place Their Bets

In other news, CEO James Lawrence Dolan sold 629 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.30, for a total value of $131,649.70. Following the completion of the transaction, the chief executive officer now owns 10,192 shares in the company, valued at $2,133,185.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.10% of the company's stock.

About Madison Square Garden Sports

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.