(NYSE:MSGN)'s quarterly earnings on May, 4., according to RTT.
MSG Networks Inc., formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The stock has a market capitalization of $1.64 Billion however its outstanding shares are 79.81 Million. Wall Street now sees -3.08 % negative EPS growth despite MSG Networks Inc. last quarter's EPS of $0.65. The business had revenue of $181.20 million for the quarter, compared to the consensus estimate of $179.73 million.
This table compares MSG Networks and its rivals' net margins, return on equity and return on assets. During the same quarter in the previous year, the company posted $0.57 EPS. The stock is a Buy among 3 brokerage firms polled by Factset Research. BTIG Research lowered shares of MSG Networks from a "buy" rating to a "neutral" rating in a research note on Monday. Morgan Stanley downgraded the shares of MSGN in report on Thursday, October 22 to "Equal-Weight" rating.
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Msg Networks Inc (NYSE:MSGN) down -5.09% to close at the price of $20.5. The firm has "Hold" rating by Jefferies given on Thursday, October 1.
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in MSG Networks by 126.9% during the fourth quarter. Bank of America maintained MSG Networks Inc. Hedge funds and other institutional investors own 84.23% of the company's stock. Ellington Management Group LLC boosted its holdings in shares of MSG Networks by 42.7% in the 4th quarter. About 318,754 shares traded. About 1.34M shares traded or 221.11% up from the average. The company has a debt-to-equity ratio of -1.62, a quick ratio of 3.11 and a current ratio of 3.11.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.14, and a price to sales ratio of 1.28. The lowest EPS estimate is $0.62 and the highest is $0.64. Finally, ValuEngine downgraded shares of MSG Networks from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. This could hit $47.42 million profit for MSGN assuming the current $0.63 EPS will become reality. If you are reading this report on another domain, it was copied illegally and republished in violation of US and global copyright legislation. The Company owns and operates two regional sports and entertainment networks, MSG Network (MSGN) and MSG+, collectively MSG Networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands.