Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Madison Square Garden (MSG) Share Price
News articles about Madison Square Garden (NYSE:MSG) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Madison Square Garden earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.2093924853942 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- The Madison Square Garden Company Names Richard Constable Executive Vice President, Global Head of Government Relations and Public Affairs (finance.yahoo.com)
- Billy Joel continues magical run at Madison Square Garden (nydailynews.com)
- Guggenheim Raises Madison Square Garden (MSG) Price Target to $350.00 (americanbankingnews.com)
- Jeff Lynne’s ELO & Dawes Perform At Madison Square Garden: Review, Photos, Videos & Setlists (jambase.com)
- Madison Square Garden Co to Post Q1 2019 Earnings of ($0.17) Per Share, Imperial Capital Forecasts (MSG) (americanbankingnews.com)
Several equities research analysts recently issued reports on the stock. Guggenheim lifted their price target on shares of Madison Square Garden to $350.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Imperial Capital assumed coverage on shares of Madison Square Garden in a research note on Tuesday, August 21st. They set an “outperform” rating and a $372.00 price target on the stock. Morgan Stanley lifted their price target on shares of Madison Square Garden from $260.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 1st. Macquarie raised shares of Madison Square Garden from a “neutral” rating to an “outperform” rating in a research note on Friday, June 29th. Finally, ValuEngine raised shares of Madison Square Garden from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Madison Square Garden presently has a consensus rating of “Buy” and a consensus price target of $313.29.
Madison Square Garden (NYSE:MSG) last released its earnings results on Thursday, August 16th. The company reported ($1.94) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.06. The company had revenue of $318.00 million during the quarter, compared to the consensus estimate of $293.32 million. Madison Square Garden had a net margin of 9.08% and a return on equity of 1.10%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($3.58) EPS. equities analysts expect that Madison Square Garden will post 0.71 EPS for the current year.
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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