Madison Square Garden Sports (NYSE:MSGS) Announces Earnings Results, Misses Estimates By $0.25 EPS

Madison Square Garden Sports (NYSE:MSGS) issued its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25), Zacks reports. The company had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $352.68 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share.

Madison Square Garden Sports Price Performance

MSGS opened at $211.86 on Thursday. The company’s 50 day simple moving average is $222.56 and its two-hundred day simple moving average is $214.91. Madison Square Garden Sports has a 1-year low of $178.35 and a 1-year high of $237.99. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 72.63 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised their price objective on Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th.

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.