Madison Square Garden Sports (NYSE:MSGS) Announces Quarterly Earnings Results

Madison Square Garden Sports (NYSE:MSGS) released its quarterly earnings data on Thursday. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($1.21), Briefing.com reports. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. The business had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $420.76 million. During the same quarter last year, the business posted $2.18 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year.

Madison Square Garden Sports Trading Up 0.8 %

NYSE MSGS traded up $1.39 on Friday, hitting $184.70. The company’s stock had a trading volume of 156,534 shares, compared to its average volume of 128,483. The firm has a market cap of $4.42 billion, a P/E ratio of 117.28 and a beta of 0.92. The company’s 50-day simple moving average is $184.50 and its 200 day simple moving average is $180.43. Madison Square Garden Sports has a 52-week low of $164.79 and a 52-week high of $215.79.

Insider Activity

In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of Madison Square Garden Sports stock in a transaction on Thursday, February 8th. The stock was 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 owns 2,385 shares in the company, valued at $458,420.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of Madison Square Garden Sports 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 sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman James Lawrence Dolan sold 18,000 shares of Madison Square Garden Sports stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $185.88, for a total value of $3,345,840.00. Following the completion of the sale, the chairman now directly owns 164,583 shares of the company’s stock, valued at approximately $30,592,688.04. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock worth $8,661,793 in the last quarter. 22.28% of the stock is owned by company insiders.

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.