Madison Square Garden Sports (NYSE:MSGS) Issues Earnings Results, Misses Estimates By $1.21 EPS

Madison Square Garden Sports (NYSE:MSGS) issued its quarterly earnings data on Thursday. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($1.21), Briefing.com reports. The company had revenue of $430.00 million for the quarter, compared to the consensus estimate of $420.76 million. Madison Square Garden Sports had a net margin of 2.59% and a negative return on equity of 7.23%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $2.18 EPS.

Madison Square Garden Sports Stock Up 0.7 %

Shares of Madison Square Garden Sports stock opened at $184.65 on Friday. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 188.42 and a beta of 0.92. The company’s 50 day moving average is $184.37 and its 200 day moving average is $180.45. Madison Square Garden Sports has a twelve month low of $164.79 and a twelve month high of $215.79.

Insider Activity at Madison Square Garden Sports

In other Madison Square Garden Sports news, Chairman James Lawrence Dolan sold 8,236 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $190.25, for a total value of $1,566,899.00. Following the transaction, the chairman now directly owns 221,586 shares in the company, valued at $42,156,736.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total value of $180,100.77. Following the transaction, the chief operating officer now directly owns 2,385 shares in the company, valued at $458,420.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James Lawrence Dolan sold 8,236 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $190.25, for a total transaction of $1,566,899.00. Following the completion of the transaction, the chairman now owns 221,586 shares in the company, valued at $42,156,736.50. The disclosure for this sale can be found here. Insiders have sold a total of 46,176 shares of company stock worth $8,661,793 over the last quarter. Company insiders own 22.28% of the company’s stock.

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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.