The Madison Square Garden (MSG) to Release Quarterly Earnings on Friday
The Madison Square Garden (NYSE:MSG) is scheduled to be posting its Q414 quarterly earnings results on Friday, May 2nd. Analysts expect The Madison Square Garden to post earnings of $0.41 per share and revenue of $436.60 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. 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. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, analysts expect The Madison Square Garden to post $1.87 EPS for the current fiscal year and $2.40 EPS for the next fiscal year.
Shares of The Madison Square Garden (NYSE:MSG) opened at 54.60 on Thursday. The Madison Square Garden has a 52 week low of $53.40 and a 52 week high of $63.44. The stock has a 50-day moving average of $56.3 and a 200-day moving average of $57.02. The company has a market cap of $4.201 billion and a P/E ratio of 26.78.
A number of research firms have recently commented on MSG. Analysts at Albert Fried & Company raised their price target on shares of The Madison Square Garden from $77.00 to $85.00 in a research note on Friday, March 21st. On a related note, analysts at Needham & Company LLC downgraded shares of The Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, analysts at Needham & Company LLC downgraded shares of The Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. They now have a $70.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.80.
The Madison Square Garden Company is a holding company conducting its operations through direct and indirect subsidiaries.
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