Atlanta Braves (BATRA) Expected to Announce Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) is expected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Atlanta Braves to post earnings of ($0.78) per share and revenue of $48.20 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock opened at $43.38 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -59.42 and a beta of 0.80. The business has a 50-day moving average of $41.60 and a 200 day moving average of $42.64. Atlanta Braves has a 12 month low of $38.90 and a 12 month high of $46.65.

Insiders Place Their Bets

In other Atlanta Braves news, major shareholder John C. Malone purchased 5,094 shares of the business’s stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the purchase, the insider now directly owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 44,932 shares of company stock worth $1,864,395 over the last three months. Company insiders own 4.83% 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.