Atlanta Braves (BATRK) Projected to Post Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK) will likely be issuing its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.48 per share and revenue of $344.47 million for the quarter.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.50). The firm had revenue of $305.12 million for the quarter, compared to the consensus estimate of $319.00 million. On average, analysts expect Atlanta Braves to post ($0.44) EPS for the current fiscal year and ($0.38) EPS for the next fiscal year.

Atlanta Braves Trading Up 1.7%

NASDAQ BATRK opened at $49.80 on Wednesday. The company’s 50 day simple moving average is $51.32 and its 200 day simple moving average is $47.90. Atlanta Braves has a 12 month low of $37.76 and a 12 month high of $54.86.

Analyst Upgrades and Downgrades

BATRK has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, September 21st. Morgan Stanley cut Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price target on the stock. in a report on Wednesday, July 15th. Wall Street Zen downgraded Atlanta Braves from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 8th. Finally, Rosenblatt Securities cut their price objective on Atlanta Braves from $75.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.50.

Insider Activity

In other news, EVP Derek Schiller sold 175,395 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $53.20, for a total transaction of $9,331,014.00. Following the sale, the executive vice president owned 316,908 shares in the company, valued at $16,859,505.60. The trade was a 35.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Heller sold 80,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $53.89, for a total transaction of $4,325,373.07. Following the completion of the transaction, the executive vice president directly owned 22,741 shares of the company’s stock, valued at $1,225,512.49. This represents a 77.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization generates revenue through professional baseball operations, including ticket sales, sponsorships, broadcasting and media rights, licensing, concessions, premium seating and hospitality.

The Braves play their home games at Truist Park, which opened in 2017 in Cobb County, northwest of downtown Atlanta. The surrounding Battery Atlanta development provides additional dining, retail, entertainment, office and residential offerings, as well as event and hospitality services, supporting the company’s broader sports and mixed-use real estate activities.

The franchise traces its history to 1871 and has operated in Atlanta since 1966, following earlier periods in Boston and Milwaukee.