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

Madison Square Garden Sports (NYSE:MSGS) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $2.78 per share for the quarter.

Madison Square Garden Sports (NYSE:MSGS) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.22. The firm had revenue of $326.90 million for the quarter, compared to the consensus estimate of $325.86 million. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. 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 Price Performance

MSGS stock traded down $0.67 during trading on Friday, hitting $186.78. 92,362 shares of the company traded hands, compared to its average volume of 105,027. Madison Square Garden Sports has a 1 year low of $164.79 and a 1 year high of $215.79. The stock’s 50-day simple moving average is $184.77 and its 200 day simple moving average is $180.20. The company has a market cap of $4.47 billion, a PE ratio of 117.47 and a beta of 0.94.

Insider Activity

In related news, COO David G. Hopkinson sold 937 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 2,385 shares of the company’s stock, valued at $458,420.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman James Lawrence Dolan sold 8,236 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $190.25, for a total value of $1,566,899.00. Following the completion of the sale, the chairman now owns 221,586 shares of the company’s stock, valued at approximately $42,156,736.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David G. Hopkinson sold 937 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 2,385 shares in the company, valued at $458,420.85. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock valued at $8,661,793 in the last three months. 22.28% of the stock is currently owned by corporate 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.