Somewhat Favorable Press Coverage Somewhat Unlikely to Impact The Madison Square Garden (MSG) Share Price
Media stories about The Madison Square Garden (NYSE:MSG) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Madison Square Garden earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.4478846192485 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Madison Square Garden Names Andrew Lustgarten President (billboard.com)
- Andrew Lustgarten Named President Of The Madison Square Garden Company (broadwayworld.com)
- Madison Square Garden Names New President, Replacing David O’Connor (msn.com)
- Madison Square Garden Names New President After CEO David O’Connor’s Exit (deadline.com)
- Andrew Lustgarten Promoted to President of Madison Square Garden Co. (variety.com)
Several research firms have recently commented on MSG. ValuEngine cut shares of The Madison Square Garden from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Morgan Stanley cut shares of The Madison Square Garden from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $218.50 to $245.00 in a research note on Tuesday, December 5th. Loop Capital increased their price target on shares of The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, November 6th. BTIG Research set a $260.00 price target on shares of The Madison Square Garden and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, Zacks Investment Research cut shares of The Madison Square Garden from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $217.78.
The Madison Square Garden (NYSE:MSG) last announced its quarterly earnings data on Friday, November 3rd. The company reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.18. The Madison Square Garden had a negative net margin of 4.00% and a negative return on equity of 1.75%. The firm had revenue of $245.04 million for the quarter, compared to analysts’ expectations of $237.06 million. During the same period last year, the firm earned ($1.19) earnings per share. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. equities analysts anticipate that The Madison Square Garden will post 0.66 earnings per share for the current year.
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About The Madison Square Garden
The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.
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