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

Madison Square Garden Sports (NYSE:MSGS) released its quarterly earnings data on Thursday. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.78 by ($1.21), Briefing.com reports. The business had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $420.76 million. Madison Square Garden Sports had a net margin of 4.38% and a negative return on equity of 11.27%. Madison Square Garden Sports’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $2.18 earnings per share.

Madison Square Garden Sports Trading Up 0.8 %

Shares of MSGS stock traded up $1.39 during trading on Friday, reaching $184.70. 156,534 shares of the company’s stock traded hands, compared to its average volume of 128,483. Madison Square Garden Sports has a 1 year low of $164.79 and a 1 year high of $215.79. The company has a market capitalization of $4.42 billion, a P/E ratio of 117.28 and a beta of 0.92. The firm’s 50-day moving average is $184.50 and its 200 day moving average is $180.43.

Insider Buying and Selling at Madison Square Garden Sports

In related news, COO David G. Hopkinson sold 937 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $192.21, for a total transaction of $180,100.77. Following the sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman James Lawrence Dolan sold 18,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $185.88, for a total value of $3,345,840.00. Following the transaction, the chairman now owns 164,583 shares of the company’s stock, valued at approximately $30,592,688.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO David G. Hopkinson sold 937 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 2,385 shares in the company, valued at approximately $458,420.85. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock valued at $8,661,793 in the last 90 days. 22.28% of the stock is currently owned by company insiders.

About Madison Square Garden Sports

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.