The Liberty Braves Group (NASDAQ:BATRK) Expected to Announce Earnings of $1.04 Per Share

Analysts forecast that The Liberty Braves Group (NASDAQ:BATRK – Get Rating) will report $1.04 earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for The Liberty Braves Group’s earnings. The Liberty Braves Group posted earnings per share of $0.39 in the same quarter last year, which suggests a positive year-over-year growth rate of 166.7%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that The Liberty Braves Group will report full year earnings of $0.12 per share for the current financial year. For the next year, analysts expect that the firm will post earnings of $0.14 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for The Liberty Braves Group.

The Liberty Braves Group (NASDAQ:BATRK – Get Rating) last posted its quarterly earnings results on Friday, February 25th. The financial services provider reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. The company had revenue of $102.00 million during the quarter.

BATRK has been the topic of several recent research reports. TheStreet upgraded shares of The Liberty Braves Group from a “d” rating to a “c-” rating in a report on Friday, May 6th. Zacks Investment Research lowered shares of The Liberty Braves Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th. StockNews.com raised shares of The Liberty Braves Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 2nd. Finally, Rosenblatt Securities began coverage on shares of The Liberty Braves Group in a research report on Monday, April 25th. They set a “buy” rating and a $35.00 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.50.

In other The Liberty Braves Group news, major shareholder Gamco Investors, Inc. Et Al purchased 1,000 shares of The Liberty Braves Group stock in a transaction on Thursday, May 5th. The stock was bought at an average cost of $26.05 per share, with a total value of $26,050.00. Following the transaction, the insider now owns 17,500 shares of the company’s stock, valued at approximately $455,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 12,000 shares of company stock valued at $328,850 over the last three months.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Shapiro Capital Management LLC grew its stake in The Liberty Braves Group by 2.0% in the 3rd quarter. Shapiro Capital Management LLC now owns 2,229,687 shares of the financial services provider’s stock valued at $58,908,000 after acquiring an additional 44,594 shares during the period. Broad Bay Capital Management LP grew its stake in The Liberty Braves Group by 2.3% in the 3rd quarter. Broad Bay Capital Management LP now owns 2,213,000 shares of the financial services provider’s stock valued at $58,467,000 after acquiring an additional 50,000 shares during the period. Gamco Investors INC. ET AL grew its stake in The Liberty Braves Group by 16.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,395,064 shares of the financial services provider’s stock valued at $38,936,000 after acquiring an additional 194,438 shares during the period. State Street Corp grew its stake in The Liberty Braves Group by 3.1% in the 1st quarter. State Street Corp now owns 792,259 shares of the financial services provider’s stock valued at $22,112,000 after acquiring an additional 23,997 shares during the period. Finally, Gabelli Funds LLC grew its stake in The Liberty Braves Group by 8.3% in the 1st quarter. Gabelli Funds LLC now owns 782,217 shares of the financial services provider’s stock valued at $21,832,000 after acquiring an additional 60,008 shares during the period. 77.24% of the stock is currently owned by institutional investors and hedge funds.

The Liberty Braves Group stock traded up $0.34 during midday trading on Friday, hitting $24.97. 175,193 shares of the company’s stock were exchanged, compared to its average volume of 99,111. The Liberty Braves Group has a 12 month low of $23.34 and a 12 month high of $31.27. The firm has a 50-day moving average of $25.97 and a two-hundred day moving average of $26.66. The company has a market cap of $1.02 billion, a PE ratio of 89.18 and a beta of 0.93.

About The Liberty Braves Group (Get Rating)

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, various assets and liabilities associated with ANLBC's stadium, and mixed-use development project. The company is based in Englewood, Colorado. The Liberty Braves Group is a subsidiary of Liberty Media Corporation.

See Also