Madison Square Garden (MSG) Posts Quarterly Results
Madison Square Garden (NYSE:MSG) posted its quarterly earnings results on Friday. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10, AnalystRatingsNetwork reports. The company had revenue of $509.40 million for the quarter, compared to the consensus estimate of $496.33 million. During the same quarter in the previous year, the company posted $0.60 earnings per share.
Shares of Madison Square Garden (NYSE:MSG) opened at 58.56 on Friday. Madison Square Garden has a 52 week low of $53.94 and a 52 week high of $63.44. The stock’s 50-day moving average is $56.83 and its 200-day moving average is $57.48. The company has a market cap of $4.501 billion and a P/E ratio of 30.47.
A number of analysts have recently weighed in on MSG shares. Analysts at Maxim Group raised their price target on shares of Madison Square Garden from $70.00 to $75.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Analysts at Topeka Capital Markets initiated coverage on shares of Madison Square Garden in a research note to investors on Tuesday. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $69.25.
The Madison Square Garden Company (NYSE:MSG), formerly Madison Square Garden, Inc, is a fully-integrated sports, entertainment and media business.
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