Atlanta Braves (BATRA) Expected to Announce Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) is projected to release its results before the market opens on Wednesday, August 5th. Analysts expect Atlanta Braves to post earnings of $0.3060 per share and revenue of $316.6480 million for the quarter.

Atlanta Braves (NASDAQ:BATRA) last announced its earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.09. Atlanta Braves had a positive return on equity of 0.25% and a negative net margin of 2.97%.The firm had revenue of $72.01 million during the quarter, compared to analysts’ expectations of $68.69 million. On average, analysts expect Atlanta Braves to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlanta Braves Stock Performance

Atlanta Braves stock traded up $0.21 during mid-day trading on Tuesday, reaching $54.66. 9,785 shares of the company were exchanged, compared to its average volume of 61,850. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $3.44 billion, a PE ratio of -151.82 and a beta of 0.64. The firm’s 50-day simple moving average is $55.31 and its two-hundred day simple moving average is $50.93. Atlanta Braves has a twelve month low of $41.50 and a twelve month high of $58.37.

Institutional Trading of Atlanta Braves

Several institutional investors have recently added to or reduced their stakes in BATRA. Vanguard Group Inc. raised its holdings in shares of Atlanta Braves by 14.3% in the 3rd quarter. Vanguard Group Inc. now owns 685,557 shares of the financial services provider’s stock worth $31,172,000 after purchasing an additional 85,853 shares in the last quarter. HRT Financial LP boosted its holdings in Atlanta Braves by 600.4% during the second quarter. HRT Financial LP now owns 48,679 shares of the financial services provider’s stock worth $2,395,000 after buying an additional 41,729 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Atlanta Braves during the second quarter worth approximately $1,516,000. Squarepoint Ops LLC grew its position in Atlanta Braves by 261.9% in the third quarter. Squarepoint Ops LLC now owns 41,892 shares of the financial services provider’s stock worth $1,905,000 after buying an additional 30,317 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Atlanta Braves by 50.1% in the fourth quarter. JPMorgan Chase & Co. now owns 79,880 shares of the financial services provider’s stock worth $3,394,000 after buying an additional 26,669 shares during the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BATRA shares. Zacks Research downgraded shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Atlanta Braves Company Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.