Atlanta Braves (BATRA) Expected to Post Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) is anticipated to release its results before the market opens on Wednesday, November 4th. Analysts expect Atlanta Braves to post earnings of $0.5120 per share and revenue of $344.71 million for the quarter.

Atlanta Braves (NASDAQ:BATRA) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.48). The firm had revenue of $305.12 million for the quarter, compared to analyst estimates of $317.09 million. On average, analysts expect Atlanta Braves to post ($0.41) EPS for the current fiscal year and $0.02 EPS for the next fiscal year.

Atlanta Braves Price Performance

BATRA stock opened at $54.31 on Wednesday. Atlanta Braves has a one year low of $41.50 and a one year high of $60.48. The firm’s 50 day moving average price is $56.43 and its 200-day moving average price is $52.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Insider Activity

In other Atlanta Braves news, EVP Gregory Heller sold 80,263 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $53.89, for a total transaction of $4,325,373.07. Following the sale, the executive vice president directly owned 22,741 shares in the company, valued at $1,225,512.49. This represents a 77.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Derek Gordon Schiller sold 175,395 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $53.20, for a total transaction of $9,331,014.00. Following the sale, the executive vice president directly owned 316,908 shares in the company, valued at $16,859,505.60. This represents a 35.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.40% of the company’s stock.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization’s primary activities include professional baseball operations, game-day ticketing, premium seating, sponsorships, broadcasting and digital media, concessions, licensing, and the sale of team merchandise.

The company also owns and operates Truist Park, the Braves’ home stadium, and The Battery Atlanta, a mixed-use development adjacent to the ballpark.