Atlanta Braves (NASDAQ:BATRA) Announces Quarterly Earnings Results, Beats Expectations By $0.47 EPS

Atlanta Braves (NASDAQ:BATRA) released its quarterly earnings data on Wednesday. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.47, Zacks reports. The firm had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%.

Atlanta Braves Stock Performance

Atlanta Braves stock traded up $0.46 during mid-day trading on Friday, reaching $43.69. The company’s stock had a trading volume of 7,504 shares, compared to its average volume of 50,969. The firm’s fifty day moving average price is $41.78 and its two-hundred day moving average price is $42.62. The company has a market capitalization of $2.70 billion, a P/E ratio of -59.80 and a beta of 0.80. Atlanta Braves has a 12-month low of $38.90 and a 12-month high of $46.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70.

Analyst Ratings Changes

Separately, Benchmark restated a “buy” rating and set a $60.00 price target on shares of Atlanta Braves in a report on Thursday.

Insiders Place Their Bets

In related news, major shareholder John C. Malone purchased 24,646 shares of the stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $41.94 per share, with a total value of $1,033,653.24. Following the transaction, the insider now directly owns 211,358 shares in the company, valued at $8,864,354.52. This trade represents a 13.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 44,932 shares of company stock valued at $1,864,395 in the last quarter. Corporate insiders own 4.83% of the company’s stock.

Atlanta Braves Company Profile

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.