MSG Networks (MSGN) to Release Earnings on Friday

MSG Networks (NYSE:MSGN) is scheduled to be posting its quarterly earnings results before the market opens on Friday, August 16th. Analysts expect MSG Networks to post earnings of $0.61 per share for the quarter.

NYSE MSGN traded down $1.00 during trading on Wednesday, hitting $17.23. 704,319 shares of the company’s stock traded hands, compared to its average volume of 515,632. The stock has a market capitalization of $1.37 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 2.20 and a beta of 0.72. MSG Networks has a 12-month low of $17.15 and a 12-month high of $28.13. The business’s 50 day simple moving average is $19.63.

Several equities research analysts have recently weighed in on MSGN shares. Zacks Investment Research upgraded MSG Networks from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. ValuEngine cut shares of MSG Networks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Morgan Stanley cut their target price on shares of MSG Networks from $22.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. Rosenblatt Securities set a $23.00 target price on shares of MSG Networks and gave the stock a “hold” rating in a research note on Thursday, June 20th. Finally, JPMorgan Chase & Co. cut shares of MSG Networks from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $23.00 to $19.00 in a research note on Friday, July 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. MSG Networks currently has a consensus rating of “Hold” and a consensus target price of $23.67.

MSG Networks Company Profile

MSG Networks Inc engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands.

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Earnings History for MSG Networks (NYSE:MSGN)

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