Madison Square Garden Sports (NYSE:MSGS) Announces Quarterly Earnings Results

Madison Square Garden Sports (NYSE:MSGS) issued its quarterly earnings data on Tuesday. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.73, Briefing.com reports. Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. The company had revenue of $227.25 million during the quarter, compared to analysts’ expectations of $167.71 million. During the same quarter in the previous year, the company posted ($0.39) earnings per share. The business’s revenue was up 79.1% on a year-over-year basis.

Madison Square Garden Sports Trading Up 0.6 %

Shares of NYSE:MSGS traded up $1.24 on Wednesday, reaching $196.01. 55,252 shares of the company’s stock were exchanged, compared to its average volume of 120,736. Madison Square Garden Sports has a twelve month low of $164.79 and a twelve month high of $213.26. The company has a fifty day moving average of $192.31 and a 200-day moving average of $188.20. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 200.10 and a beta of 0.95.

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.