Macquarie analyst Paul Golding maintained a Buy rating on Madison Square Garden Sports (MSGS – Research Report) yesterday. The company’s shares closed yesterday at $185.00.
According to TipRanks, Golding is an analyst with an average return of -2.0% and a 40.00% success rate.
Madison Square Garden Sports has an analyst consensus of Moderate Buy, with a price target consensus of $220.00.
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Based on Madison Square Garden Sports’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $382.74 million and a net profit of $52.38 million. In comparison, last year the company earned a revenue of $337.77 million and had a net profit of $24.5 million
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The Madison Square Garden Co. engages in the provision sports and entertainment business. Its sports franchises include the New York Knicks (Knicks), National Basketball Association (NBA), New York Rangers (Rangers), National Hockey League (NHL), New York Liberty (Liberty), Women’s National Basketball Association (WNBA), Hartford Wolf Pack of the American Hockey League (AHL), Westchester Knicks of the NBA G League (NBAGL), and Counter Logic Gaming (CLG). It operates through the following segments: Madison Square Garden (MSG) Entertainment, MSG Sports, and Corporate and Others. The MSG Entertainment segment features its live entertainment events, including concerts, family shows, performing arts and special events, which present or host in its diverse collection of venues. The MSG Sports segment promotes, produces, and presents a broad array of other live sporting events, such as professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling. The company was founded on March 4, 2015 and is headquartered in New York, NY.
Read More on MSGS:
- MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2023 FOURTH QUARTER AND FULL-YEAR RESULTS
- MSG Sports reports Q4 EPS (39c), consensus (14c)
- MSGS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- MSG Sports to replace Aerojet Rocketdyne in S&P 600 at open on 8/1
- MSG Sports to replace Aerojet Rocketdyne in S&P SmallCap 600
