Madison Square Garden Sports (MSGS) to Release Quarterly Earnings on Thursday

Madison Square Garden Sports (NYSE:MSGS) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $2.78 per share for the quarter.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.22. The company had revenue of $326.90 million during the quarter, compared to the consensus estimate of $325.86 million. Madison Square Garden Sports had a net margin of 4.38% and a negative return on equity of 11.27%. Madison Square Garden Sports’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, analysts expect Madison Square Garden Sports to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Madison Square Garden Sports Trading Down 0.4 %

Shares of NYSE:MSGS traded down $0.67 during midday trading on Friday, hitting $186.78. The stock had a trading volume of 92,362 shares, compared to its average volume of 105,027. The company has a market capitalization of $4.47 billion, a PE ratio of 117.47 and a beta of 0.94. Madison Square Garden Sports has a 1 year low of $164.79 and a 1 year high of $215.79. The stock has a 50 day moving average price of $184.77 and a two-hundred day moving average price of $180.20.

Insiders Place Their Bets

In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total value of $180,100.77. Following the completion of the transaction, the chief operating officer now owns 2,385 shares in the company, valued at $458,420.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO David G. Hopkinson sold 937 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at $458,420.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman James Lawrence Dolan sold 8,236 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $190.25, for a total transaction of $1,566,899.00. Following the transaction, the chairman now owns 221,586 shares in the company, valued at $42,156,736.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,176 shares of company stock worth $8,661,793. Company insiders own 22.28% of the company’s stock.

About Madison Square Garden Sports

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.