Media stories about The Madison Square Garden (NYSE:MSG) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Madison Square Garden earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.4523616136056 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- O’Connor Resigns As Madison Square Garden President/CEO (pollstar.com)
- Madison Square Garden president/CEO exits (seekingalpha.com)
- Madison Square Garden CEO David O’Connor steps down (cnbc.com)
- The Madison Square Garden Company Announces Senior Management Changes (feeds.benzinga.com)
- $518.29 Million in Sales Expected for The Madison Square Garden Company (MSG) This Quarter (americanbankingnews.com)
Shares of The Madison Square Garden (MSG) opened at $222.71 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.04. The Madison Square Garden has a twelve month low of $166.86 and a twelve month high of $231.44.
The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings data on Friday, November 3rd. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.65) by $0.18. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The company had revenue of $245.04 million for the quarter, compared to analysts’ expectations of $237.06 million. During the same period in the previous year, the firm posted ($1.19) EPS. The Madison Square Garden’s revenue was up 34.9% compared to the same quarter last year. sell-side analysts anticipate that The Madison Square Garden will post 0.66 EPS for the current year.
MSG has been the subject of several recent analyst reports. Zacks Investment Research lowered The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BTIG Research restated a “buy” rating and issued a $260.00 price target (up previously from $240.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Morgan Stanley restated an “overweight” rating and issued a $245.00 price target (up previously from $215.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Jefferies Group LLC lifted their price target on The Madison Square Garden from $185.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, Loop Capital lifted their price target on The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $217.78.
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The Madison Square Garden Company Profile
The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.
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