Atlanta Braves (NASDAQ:BATRA) Posts Quarterly Earnings Results, Misses Expectations By $0.36 EPS

Atlanta Braves (NASDAQ:BATRA) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.36), FiscalAI reports. Atlanta Braves had a negative net margin of 11.06% and a negative return on equity of 11.38%. The company had revenue of $324.63 million for the quarter, compared to analysts’ expectations of $347.36 million.

Atlanta Braves Stock Performance

BATRA traded down $0.17 during trading on Friday, reaching $54.78. 42,997 shares of the company’s stock were exchanged, compared to its average volume of 62,301. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.49 and a quick ratio of 0.49. Atlanta Braves has a 1 year low of $41.50 and a 1 year high of $60.48. The company’s fifty day simple moving average is $56.17 and its 200-day simple moving average is $52.77. The stock has a market capitalization of $3.45 billion, a P/E ratio of -41.19 and a beta of 0.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Insider Buying and Selling at Atlanta Braves

In other news, EVP Gregory Heller sold 80,263 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $53.89, for a total value of $4,325,373.07. Following the sale, the executive vice president owned 22,741 shares in the company, valued at $1,225,512.49. This represents a 77.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Derek Gordon Schiller sold 175,395 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $53.20, for a total transaction of $9,331,014.00. Following the transaction, the executive vice president directly owned 316,908 shares of the company’s stock, valued at approximately $16,859,505.60. This trade represents a 35.63% 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. 5.40% of the stock is owned by corporate insiders.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization’s primary activities include professional baseball operations, game-day ticketing, premium seating, sponsorships, broadcasting and digital media, concessions, licensing, and the sale of team merchandise.

The company also owns and operates Truist Park, the Braves’ home stadium, and The Battery Atlanta, a mixed-use development adjacent to the ballpark.