Madison Square Garden Sports (MSGS) Stock Price, News & Analysis

Company Overview

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. The company also owns Knicks Gaming, an esports franchise that competes in the NBA 2K League. In addition, it operates professional sports team performance centers, the Madison Square Garden Training Center in Greenburgh. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.

Key Stats

• Today's Range: $228.08 to $230.50
• 50-Day Range: $205.95 to $229.94
• 52-Week Range: $166.26 to $230.69
• Volume: 75,683 shs
• Average Volume: 115,048 shs
• Market Capitalization: $5.51 billion
• P/E Ratio: 79.02
• Dividend Yield: N/A
• Price Target: $240.00
• Consensus Rating: Buy

Madison Square Garden Sports Stock Analysis - MarketRank™

Madison Square Garden Sports scored higher than 65% of companies evaluated by MarketBeat, and ranked 145th out of 290 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Madison Square Garden Sports has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Madison Square Garden Sports has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 123.46%

Earnings Growth

Earnings for Madison Square Garden Sports are expected to grow by 123.46% in the coming year, from $0.81 to $1.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Madison Square Garden Sports is 79.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Madison Square Garden Sports is 79.02, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.70.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.07% of the float of Madison Square Garden Sports has been sold short.

Short Interest Ratio / Days to Cover

Madison Square Garden Sports has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Madison Square Garden Sports has recently decreased by 5.04%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Madison Square Garden Sports does not currently pay a dividend.

Dividend Growth

Madison Square Garden Sports does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.07% of the float of Madison Square Garden Sports has been sold short.

Short Interest Ratio / Days to Cover

Madison Square Garden Sports has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Madison Square Garden Sports has recently decreased by 5.04%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.30

News Sentiment

Madison Square Garden Sports has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Madison Square Garden Sports this week, compared to 11 articles on an average week.

Search Interest

Only 1 people have searched for MSGS on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Madison Square Garden Sports insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $131,650.00 in company stock.

Percentage Held by Insiders

22.10% of the stock of Madison Square Garden Sports is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

68.94% of the stock of Madison Square Garden Sports is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MSGS Stock Analysis - Frequently Asked Questions

How have MSGS shares performed this year?

Madison Square Garden Sports' stock was trading at $181.83 at the start of the year. Since then, MSGS shares have increased by 26.5% and is now trading at $229.94.
View the best growth stocks for 2024 here.

How were Madison Square Garden Sports' earnings last quarter?

Madison Square Garden Sports Corp. (NYSE:MSGS) announced its quarterly earnings data on Friday, November, 1st. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.86) by $0.55. Madison Square Garden Sports's quarterly revenue was up 23.8% on a year-over-year basis.

Does Madison Square Garden Sports have any subsidiaries?

The following companies are subsidiaries of Madison Square Garden Sports: 11th Street Hospitality LLC, 289 Hospitality LLC, 29th Street Club Brands LLC, 29th Street F&B/Hotel Brands LLC, 3292592 Nova Scotia Company, 55th Street Hospitality Holdings LLC, 57th Street Hospitality Group LLC, and others.

Who are Madison Square Garden Sports' major shareholders?

Madison Square Garden Sports' top institutional shareholders include State Street Corp (2.29%), Geode Capital Management LLC (1.14%), Point72 Asset Management L.P. (1.01%) and The Manufacturers Life Insurance Company (0.91%). Insiders that own company stock include James Lawrence Dolan, David G Hopkinson and Joseph Cohen.
View institutional ownership trends.

How do I buy shares of Madison Square Garden Sports?

Shares of MSGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Madison Square Garden Sports own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Madison Square Garden Sports investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY), DiamondRock Hospitality (DRH) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 11/01/2024
• Today: 11/23/2024
• Next Earnings (Estimated): 2/04/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Miscellaneous amusement & recreation services
• Sub-Industry: N/A
• Current Symbol: NYSE:MSGS
• CUSIP: N/A
• CIK: 1636519
• Web: www.msgsports.com
• Phone: (212) 465-1111
• Fax: N/A
• Employees: 533
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $240.00
• High Stock Price Target: $240.00
• Low Stock Price Target: $240.00
• Potential Upside/Downside: +4.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.91
• Trailing P/E Ratio: 79.02
• Forward P/E Ratio: 283.88
• P/E Growth: N/A
• Net Income: $58.77 million
• Net Margins: 6.75%
• Pretax Margin: 12.05%
• Return on Equity: -23.81%
• Return on Assets: 5.12%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.41
• Quick Ratio: 0.41

Sales & Book Value

• Annual Sales: $1.03 billion
• Price / Sales: 5.36
• Cash Flow: $2.68 per share
• Price / Cash Flow: 85.95
• Book Value: ($11.59) per share
• Price / Book: -19.84

Miscellaneous

• Outstanding Shares: 23,950,000
• Free Float: 18,659,000
• Market Cap: $5.51 billion
• Optionable: Optionable
• Beta: 0.92