Atlanta Braves (BATRK) Expected to Post Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK) is projected to issue its results before the market opens on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $344.47 million for the quarter.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.50). The firm had revenue of $305.12 million during the quarter, compared to the consensus estimate of $319.00 million. On average, analysts expect Atlanta Braves to post ($0.44) EPS for the current fiscal year and ($0.38) EPS for the next fiscal year.

Atlanta Braves Stock Performance

NASDAQ:BATRK opened at $50.48 on Monday. The stock has a market capitalization of $2.67 billion, a PE ratio of -49.98 and a beta of 0.67. Atlanta Braves has a 1-year low of $37.76 and a 1-year high of $54.86. The firm has a fifty day simple moving average of $51.15 and a 200 day simple moving average of $48.05.

Insider Buying and Selling

In related news, EVP Gregory Heller sold 80,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $53.89, for a total transaction of $4,325,373.07. Following the transaction, the executive vice president directly owned 22,741 shares of the company’s stock, valued at approximately $1,225,512.49. The trade was a 77.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Derek Schiller sold 175,395 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $53.20, for a total value of $9,331,014.00. Following the transaction, the executive vice president directly owned 316,908 shares in the company, valued at $16,859,505.60. The trade was a 35.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BATRK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, September 21st. Wall Street Zen downgraded shares of Atlanta Braves from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 8th. Morgan Stanley lowered shares of Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective on the stock. in a research note on Wednesday, July 15th. Finally, Rosenblatt Securities lowered their price objective on shares of Atlanta Braves from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Atlanta Braves has an average rating of “Hold” and a consensus price target of $63.50.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization generates revenue through professional baseball operations, including ticket sales, sponsorships, broadcasting and media rights, licensing, concessions, premium seating and hospitality.

The Braves play their home games at Truist Park, which opened in 2017 in Cobb County, northwest of downtown Atlanta. The surrounding Battery Atlanta development provides additional dining, retail, entertainment, office and residential offerings, as well as event and hospitality services, supporting the company’s broader sports and mixed-use real estate activities.

The franchise traces its history to 1871 and has operated in Atlanta since 1966, following earlier periods in Boston and Milwaukee.