Atlanta Braves (BATRA) to Release Quarterly Earnings on Monday

Atlanta Braves (NASDAQ:BATRA) is expected to be posting its quarterly earnings results before the market opens on Monday, May 12th. Analysts expect Atlanta Braves to post earnings of ($0.94) per share and revenue of $36.87 million for the quarter.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.47. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. The firm had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. On average, analysts expect Atlanta Braves to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Atlanta Braves Trading Down 0.7 %

Shares of NASDAQ BATRA opened at $43.49 on Friday. The stock has a market capitalization of $2.69 billion, a P/E ratio of -59.58 and a beta of 0.61. Atlanta Braves has a 1-year low of $38.67 and a 1-year high of $46.65. The business’s 50 day moving average is $42.90 and its two-hundred day moving average is $42.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Atlanta Braves in a research report on Thursday, February 27th.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone purchased 2,760 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the acquisition, the insider now owns 214,118 shares in the company, valued at approximately $8,990,814.82. This trade represents a 1.31 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have bought 122,632 shares of company stock worth $5,072,723. Insiders own 4.83% of the company’s stock.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.