The Madison Square Garden Company (NYSE:MSG) – Investment analysts at Jefferies Group increased their FY2018 earnings estimates for shares of The Madison Square Garden in a note issued to investors on Friday, April 13th. Jefferies Group analyst J. Janedis now expects that the company will post earnings per share of $1.07 for the year, up from their previous forecast of $1.03.

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A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of The Madison Square Garden from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. TheStreet upgraded shares of The Madison Square Garden from a “c” rating to a “b” rating in a research report on Friday, February 2nd. Finally, ValuEngine upgraded shares of The Madison Square Garden from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $229.00.

MSG stock opened at $242.72 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.93 and a current ratio of 1.93. The Madison Square Garden has a twelve month low of $189.96 and a twelve month high of $254.50. The company has a market cap of $5,687.82, a price-to-earnings ratio of -218.67 and a beta of 0.46.

The Madison Square Garden (NYSE:MSG) last released its quarterly earnings data on Friday, February 2nd. The company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $1.32. The Madison Square Garden had a net margin of 5.21% and a negative return on equity of 1.00%. The company had revenue of $536.30 million for the quarter, compared to analysts’ expectations of $523.45 million. During the same quarter last year, the company earned $2.39 earnings per share. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of The Madison Square Garden by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock valued at $148,000 after acquiring an additional 40 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of The Madison Square Garden by 78.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 592 shares of the company’s stock valued at $127,000 after acquiring an additional 261 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of The Madison Square Garden by 44.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,122 shares of the company’s stock valued at $237,000 after acquiring an additional 344 shares during the last quarter. Swiss National Bank increased its stake in shares of The Madison Square Garden by 1.2% during the 4th quarter. Swiss National Bank now owns 32,433 shares of the company’s stock valued at $6,838,000 after acquiring an additional 400 shares during the last quarter. Finally, CGOV Asset Management increased its stake in shares of The Madison Square Garden by 13.2% during the 4th quarter. CGOV Asset Management now owns 4,300 shares of the company’s stock valued at $1,135,000 after acquiring an additional 500 shares during the last quarter. 70.87% of the stock is owned by institutional investors.

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About The Madison Square Garden

The Madison Square Garden Company, through its subsidiaries, engages in sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises, as well as promotes, produces, and/or presents a range of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

Earnings History and Estimates for The Madison Square Garden (NYSE:MSG)

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