MSG Networks Inc. (NYSE:MSGN) will issue its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.52 per share for the quarter.
MSG Networks (NYSE:MSGN) last issued its quarterly earnings results on Wednesday, August 16th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. MSG Networks had a net margin of 24.78% and a negative return on equity of 16.56%. The firm had revenue of $162.90 million during the quarter, compared to the consensus estimate of $161.91 million. During the same period in the prior year, the firm earned $0.57 EPS. The business’s revenue was up 1.5% on a year-over-year basis. On average, analysts expect MSG Networks to post $2.18 EPS for the current fiscal year and $2.26 EPS for the next fiscal year.
Shares of MSG Networks Inc. (NYSE:MSGN) opened at 17.35 on Wednesday. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.82 and a beta of 0.76. The firm has a 50-day moving average of $20.74 and a 200-day moving average of $21.73. MSG Networks Inc. has a one year low of $17.35 and a one year high of $25.30.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of MSG Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of MSG Networks in a research report on Tuesday, October 17th. Jefferies Group LLC reissued a “hold” rating and issued a $22.00 target price on shares of MSG Networks in a research report on Thursday, September 21st. Morgan Stanley cut shares of MSG Networks from an “equal weight” rating to an “underweight” rating and set a $20.00 target price for the company. in a research report on Tuesday. Finally, FBN Securities raised shares of MSG Networks from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.29.
MSG Networks Company Profile
MSG Networks Inc, formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The Company owns and operates two regional sports and entertainment networks, MSG Network (MSGN) and MSG+, collectively MSG Networks. Its networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and Connecticut, as well as parts of Pennsylvania.
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