Madison Square Garden Sports (NYSE:MSGS) Announces Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Madison Square Garden Sports (NYSE:MSGS) issued its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25), Zacks reports. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The company had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $352.68 million. During the same quarter last year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis.

Madison Square Garden Sports Stock Performance

NYSE MSGS opened at $211.86 on Thursday. Madison Square Garden Sports has a one year low of $178.35 and a one year high of $237.99. The firm has a 50 day simple moving average of $222.56 and a 200-day simple moving average of $214.91. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 72.63 and a beta of 0.91.

Wall Street Analyst Weigh In

Separately, Macquarie lifted their price objective on Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th.

About Madison Square Garden Sports

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.