Wall Street brokerages expect MSG Networks Inc (NYSE:MSGN) to report sales of $191.62 million for the current quarter, Zacks reports. Two analysts have provided estimates for MSG Networks’ earnings. The lowest sales estimate is $191.33 million and the highest is $191.90 million. MSG Networks posted sales of $186.57 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The business is scheduled to issue its next earnings report on Thursday, May 2nd.

On average, analysts expect that MSG Networks will report full year sales of $724.02 million for the current fiscal year, with estimates ranging from $719.00 million to $728.37 million. For the next financial year, analysts anticipate that the business will report sales of $734.90 million, with estimates ranging from $729.00 million to $743.40 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover MSG Networks.

MSG Networks (NYSE:MSGN) last announced its quarterly earnings data 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). MSG Networks had a net margin of 25.57% and a negative return on equity of 28.99%. The business had revenue of $192.90 million for the quarter, compared to the consensus estimate of $186.33 million. During the same period in the prior year, the company earned $0.65 EPS. MSG Networks’s quarterly revenue was up 6.5% on a year-over-year basis.

A number of brokerages recently weighed in on MSGN. 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 raised shares of MSG Networks from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, January 22nd. Finally, Guggenheim downgraded shares of MSG Networks from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. Two 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 stock. MSG Networks presently has an average rating of “Hold” and an average price target of $24.75.

Shares of NYSE:MSGN opened at $23.16 on Monday. MSG Networks has a fifty-two week low of $17.95 and a fifty-two week high of $28.13. The stock has a market cap of $1.73 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.81 and a beta of 0.77.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in MSG Networks by 7.1% during the 4th quarter. BlackRock Inc. now owns 4,585,346 shares of the company’s stock valued at $108,030,000 after purchasing an additional 302,612 shares during the period. FMR LLC boosted its stake in MSG Networks by 130.5% during the 4th quarter. FMR LLC now owns 4,034,258 shares of the company’s stock valued at $95,046,000 after purchasing an additional 2,284,233 shares during the period. Dimensional Fund Advisors LP boosted its stake in MSG Networks by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,161,673 shares of the company’s stock valued at $50,929,000 after purchasing an additional 33,059 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in MSG Networks by 2.2% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,480,956 shares of the company’s stock valued at $34,891,000 after purchasing an additional 32,000 shares during the period. Finally, Norges Bank acquired a new position in MSG Networks during the 4th quarter valued at about $23,737,000. 88.10% of the stock is owned by institutional investors and hedge funds.

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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