Analysts expect The Madison Square Garden Company (NYSE:MSG) to announce earnings of $1.93 per share for the current quarter, Zacks reports. Two analysts have issued estimates for The Madison Square Garden’s earnings, with the highest EPS estimate coming in at $2.39 and the lowest estimate coming in at $1.69. The Madison Square Garden reported earnings per share of $2.39 in the same quarter last year, which suggests a negative year over year growth rate of 19.2%. The company is expected to report its next earnings results on Friday, February 2nd.

On average, analysts expect that The Madison Square Garden will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from ($0.25) to $0.95. For the next year, analysts forecast that the firm will post earnings of $0.97 per share, with EPS estimates ranging from $0.45 to $1.59. Zacks’ EPS averages are a mean average based on a survey of analysts that follow The Madison Square Garden.

The Madison Square Garden (NYSE:MSG) last released its quarterly earnings results on Friday, November 3rd. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.18. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The business had revenue of $245.04 million during the quarter, compared to the consensus estimate of $237.06 million. During the same quarter in the previous year, the company posted ($1.19) EPS. The business’s revenue was up 34.9% on a year-over-year basis.

A number of research firms have weighed in on MSG. Zacks Investment Research raised The Madison Square Garden from a “hold” rating to a “strong-buy” rating and set a $224.00 target price on the stock in a research report on Saturday, July 15th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $200.00 target price on shares of The Madison Square Garden in a research report on Tuesday, October 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $245.00 target price (up from $215.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. Loop Capital upped their target price on The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a research report on Monday. Finally, BTIG Research reissued a “buy” rating and set a $260.00 price target (up from $240.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The Madison Square Garden currently has a consensus rating of “Buy” and an average price target of $217.78.

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A number of hedge funds have recently made changes to their positions in the stock. Quinn Opportunity Partners LLC lifted its holdings in shares of The Madison Square Garden by 119.3% during the second quarter. Quinn Opportunity Partners LLC now owns 17,540 shares of the company’s stock valued at $3,454,000 after purchasing an additional 9,540 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of The Madison Square Garden by 77.2% during the second quarter. First Trust Advisors LP now owns 28,852 shares of the company’s stock valued at $5,681,000 after purchasing an additional 12,573 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of The Madison Square Garden during the second quarter valued at $1,410,000. Cowen Inc. purchased a new stake in shares of The Madison Square Garden during the second quarter valued at $1,119,000. Finally, GAM Holding AG lifted its holdings in shares of The Madison Square Garden by 77.5% during the second quarter. GAM Holding AG now owns 13,658 shares of the company’s stock valued at $2,689,000 after purchasing an additional 5,964 shares during the last quarter. 70.96% of the stock is owned by institutional investors and hedge funds.

Shares of The Madison Square Garden (NYSE MSG) opened at $229.69 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.92 and a quick ratio of 1.90. The Madison Square Garden has a fifty-two week low of $166.86 and a fifty-two week high of $231.44.

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.

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

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