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

Madison Square Garden Sports (NYSE:MSGS) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Madison Square Garden Sports to post earnings of $2.78 per share for the quarter.

Madison Square Garden Sports (NYSE:MSGS) last released its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.22. Madison Square Garden Sports had a net margin of 4.38% and a negative return on equity of 11.27%. The firm had revenue of $326.90 million during the quarter, compared to analyst estimates of $325.86 million. During the same period last year, the business earned $0.84 earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. 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 Stock Down 1.0 %

Shares of MSGS stock traded down $1.88 during trading hours on Tuesday, hitting $186.08. 23,980 shares of the company’s stock traded hands, compared to its average volume of 125,436. The stock’s fifty day simple moving average is $184.74 and its two-hundred day simple moving average is $180.30. Madison Square Garden Sports has a 12-month low of $164.79 and a 12-month high of $215.79. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 118.21 and a beta of 0.94.

Insider Activity

In other news, COO David G. Hopkinson sold 937 shares of Madison Square Garden Sports stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the completion of the transaction, the chief operating officer now directly 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 through the SEC website. In related news, COO David G. Hopkinson sold 937 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were 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 directly owns 2,385 shares in the company, valued at approximately $458,420.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman James Lawrence Dolan sold 19,003 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $187.81, for a total transaction of $3,568,953.43. Following the completion of the transaction, the chairman now owns 182,583 shares of the company’s stock, valued at $34,290,913.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,176 shares of company stock worth $8,661,793. 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.