Equities analysts expect that MSG Networks Inc (NYSE:MSGN) will report earnings per share (EPS) of $0.67 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for MSG Networks’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.68. MSG Networks reported earnings per share of $0.62 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. The company is scheduled to report its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that MSG Networks will report full year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.42 to $2.55. For the next year, analysts expect that the business will post earnings of $2.75 per share, with EPS estimates ranging from $2.47 to $2.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for MSG Networks.

MSG Networks (NYSE:MSGN) last announced its quarterly earnings results on Tuesday, February 5th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The firm had revenue of $192.90 million for the quarter, compared to the consensus estimate of $186.33 million. MSG Networks had a negative return on equity of 28.99% and a net margin of 25.57%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share.

Several equities research analysts recently commented on MSGN shares. ValuEngine raised shares of MSG Networks from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Zacks Investment Research cut shares of MSG Networks from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Guggenheim cut shares of MSG Networks from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.75.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Athena Capital Advisors LLC bought a new stake in MSG Networks in the 4th quarter valued at $36,000. Meeder Asset Management Inc. lifted its position in MSG Networks by 103.0% during the 1st quarter. Meeder Asset Management Inc. now owns 2,125 shares of the company’s stock worth $46,000 after buying an additional 1,078 shares in the last quarter. Loeb Partners Corp bought a new stake in MSG Networks during the 4th quarter worth about $47,000. Amalgamated Bank bought a new stake in MSG Networks during the 3rd quarter worth about $208,000. Finally, Advisor Group Inc. lifted its position in MSG Networks by 54.4% during the 4th quarter. Advisor Group Inc. now owns 9,667 shares of the company’s stock worth $227,000 after buying an additional 3,407 shares in the last quarter. 88.10% of the stock is currently owned by institutional investors and hedge funds.

MSGN opened at $22.83 on Friday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.81 and a beta of 0.77. MSG Networks has a 12 month low of $17.95 and a 12 month high of $28.13.

MSG Networks Company Profile

MSG Networks Inc engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands.

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Earnings History and Estimates for MSG Networks (NYSE:MSGN)

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