Madison Square Garden (MSG) to Release Quarterly Earnings on Thursday

Madison Square Garden (NYSE:MSG) is set to announce its earnings results before the market opens on Thursday, August 15th. Analysts expect the company to announce earnings of ($2.34) per share for the quarter.

Shares of MSG stock traded down $5.23 during mid-day trading on Wednesday, reaching $285.23. 235,989 shares of the company’s stock traded hands, compared to its average volume of 170,345. Madison Square Garden has a 12 month low of $240.33 and a 12 month high of $317.70. The firm has a market cap of $6.82 billion, a P/E ratio of 48.02 and a beta of 0.48. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $286.08.

A number of research analysts recently issued reports on MSG shares. Imperial Capital dropped their price target on Madison Square Garden from $383.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Zacks Investment Research downgraded Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. ValuEngine upgraded Madison Square Garden from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley increased their target price on Madison Square Garden from $310.00 to $340.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $353.40.

Madison Square Garden Company Profile

The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises; and promotes, produces, and/or presents an array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

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Earnings History for Madison Square Garden (NYSE:MSG)

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