Seaport Res Ptn Issues Negative Forecast for MSGS Earnings

Madison Square Garden Sports Corp. (NYSE:MSGS) – Investment analysts at Seaport Res Ptn reduced their Q3 2026 earnings per share (EPS) estimates for shares of Madison Square Garden Sports in a note issued to investors on Tuesday, April 29th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of $2.69 per share for the quarter, down from their previous forecast of $2.77. The consensus estimate for Madison Square Garden Sports’ current full-year earnings is $0.73 per share.

Several other equities analysts have also commented on MSGS. Macquarie increased their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Susquehanna began coverage on Madison Square Garden Sports in a report on Monday. They issued a “positive” rating and a $254.00 price objective on the stock.

Madison Square Garden Sports Trading Up 0.2 %

Shares of NYSE:MSGS opened at $193.05 on Thursday. The company has a market cap of $4.64 billion, a PE ratio of 81.46 and a beta of 0.81. The company’s 50 day moving average is $192.64 and its two-hundred day moving average is $210.94. Madison Square Garden Sports has a 52 week low of $173.26 and a 52 week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The company had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year.

Insider Activity

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the transaction, the insider now owns 5,097 shares of the company’s stock, valued at $968,022.24. The trade was a 86.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 22.10% of the company’s stock.

Hedge Funds Weigh In On Madison Square Garden Sports

Hedge funds have recently modified their holdings of the business. OFI Invest Asset Management acquired a new stake in Madison Square Garden Sports during the 4th quarter worth $1,032,000. Proficio Capital Partners LLC purchased a new position in shares of Madison Square Garden Sports during the fourth quarter worth about $3,413,000. Levin Capital Strategies L.P. increased its position in Madison Square Garden Sports by 118.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,039 shares of the company’s stock valued at $686,000 after acquiring an additional 1,648 shares during the period. Wealthfront Advisers LLC purchased a new stake in Madison Square Garden Sports during the 4th quarter valued at approximately $16,844,000. Finally, SG Americas Securities LLC acquired a new stake in Madison Square Garden Sports during the 4th quarter worth approximately $685,000. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Madison Square Garden Sports Company Profile

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.