Madison Square Garden Sports (NYSE:MSGS) Posts Earnings Results, Misses Expectations By $0.25 EPS

Madison Square Garden Sports (NYSE:MSGS) released its earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25), Zacks reports. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. During the same period in the previous year, the company earned $0.59 earnings per share. Madison Square Garden Sports’s revenue was up 9.5% on a year-over-year basis.

Madison Square Garden Sports Trading Down 3.5 %

Shares of NYSE MSGS opened at $210.60 on Wednesday. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 72.37 and a beta of 0.91. Madison Square Garden Sports has a 12 month low of $178.35 and a 12 month high of $237.99. The company has a 50 day simple moving average of $222.97 and a two-hundred day simple moving average of $214.96.

Analyst Upgrades and Downgrades

Separately, Macquarie increased their price objective on Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th.

Madison Square Garden Sports Company Profile

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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.