The Madison Square Garden Company (NYSE:MSG) – Investment analysts at Jefferies Group issued their Q1 2019 earnings estimates for shares of The Madison Square Garden in a note issued to investors on Wednesday. Jefferies Group analyst J. Janedis expects that the company will post earnings per share of ($0.56) for the quarter. Jefferies Group currently has a “Hold” rating and a $200.00 target price on the stock. Jefferies Group also issued estimates for The Madison Square Garden’s Q2 2019 earnings at $3.21 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at ($0.66) EPS, FY2019 earnings at $2.26 EPS and FY2020 earnings at $2.54 EPS.

The Madison Square Garden (NYSE:MSG) last issued its quarterly earnings results on Thursday, August 17th. The company reported ($3.58) EPS for the quarter, missing analysts’ consensus estimates of ($1.10) by ($2.48). The business had revenue of $305.60 million for the quarter, compared to analyst estimates of $279.19 million. The Madison Square Garden had a negative net margin of 5.52% and a negative return on equity of 2.43%. The Madison Square Garden’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period last year, the business posted ($2.39) earnings per share.

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A number of other equities analysts have also commented on the company. BTIG Research set a $260.00 price objective on The Madison Square Garden and gave the stock a “buy” rating in a research note on Monday, September 11th. Morgan Stanley reissued an “overweight” rating and issued a $245.00 price objective (up previously from $215.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The Madison Square Garden currently has a consensus rating of “Hold” and an average price target of $211.50.

Shares of The Madison Square Garden (NYSE:MSG) traded up 2.01% on Thursday, hitting $215.07. The stock had a trading volume of 115,804 shares. The company’s market cap is $5.06 billion. The firm has a 50 day moving average price of $215.26 and a 200-day moving average price of $205.40. The Madison Square Garden has a 52 week low of $160.96 and a 52 week high of $226.95.

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Madison Square Garden by 8.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 712 shares of the company’s stock worth $140,000 after acquiring an additional 58 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of The Madison Square Garden by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock worth $148,000 after acquiring an additional 40 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of The Madison Square Garden during the second quarter worth $176,000. CGOV Asset Management bought a new stake in shares of The Madison Square Garden during the first quarter worth $266,000. Finally, South State Corp bought a new stake in shares of The Madison Square Garden during the second quarter worth $203,000. Institutional investors own 70.83% of the company’s stock.

About The Madison Square Garden

The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.

Earnings History and Estimates for The Madison Square Garden (NYSE:MSG)

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