Atlanta Braves (BATRK) Projected to Release Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK) is projected to issue its results before the market opens on Wednesday, November 4th. Analysts expect Atlanta Braves to post earnings of $0.48 per share and revenue of $344.47 million for the quarter.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.50). The company had revenue of $305.12 million for the quarter, compared to the consensus estimate of $319.00 million. On average, analysts expect Atlanta Braves to post ($0.44) EPS for the current fiscal year and ($0.38) EPS for the next fiscal year.

Atlanta Braves Price Performance

Atlanta Braves stock opened at $50.43 on Tuesday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -49.93 and a beta of 0.65. The firm has a 50-day moving average of $51.12 and a two-hundred day moving average of $48.10. Atlanta Braves has a 1 year low of $37.76 and a 1 year high of $54.86.

Insider Activity

In other news, EVP Derek Schiller sold 175,395 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $53.20, for a total value of $9,331,014.00. Following the completion of the sale, the executive vice president owned 316,908 shares in the company, valued at approximately $16,859,505.60. The trade was a 35.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Heller sold 80,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $53.89, for a total transaction of $4,325,373.07. Following the completion of the transaction, the executive vice president directly owned 22,741 shares of the company’s stock, valued at $1,225,512.49. This trade represents a 77.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.43% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BATRK. Wall Street Zen downgraded shares of Atlanta Braves from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 8th. Morgan Stanley lowered Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price target for the company. in a report on Wednesday, July 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, September 21st. Finally, Rosenblatt Securities dropped their price objective on Atlanta Braves from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.50.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization generates revenue through professional baseball operations, including ticket sales, sponsorships, broadcasting and media rights, licensing, concessions, premium seating and hospitality.

The Braves play their home games at Truist Park, which opened in 2017 in Cobb County, northwest of downtown Atlanta. The surrounding Battery Atlanta development provides additional dining, retail, entertainment, office and residential offerings, as well as event and hospitality services, supporting the company’s broader sports and mixed-use real estate activities.

The franchise traces its history to 1871 and has operated in Atlanta since 1966, following earlier periods in Boston and Milwaukee.