Atlanta Braves (NASDAQ:BATRA) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Atlanta Braves (NASDAQ:BATRA) issued its quarterly earnings data on Thursday. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14, Zacks reports. The firm had revenue of $282.88 million for the quarter, compared to analysts’ expectations of $288.20 million. Atlanta Braves had a negative net margin of 18.35% and a negative return on equity of 25.95%. During the same quarter in the prior year, the business earned ($0.55) EPS.

Atlanta Braves Stock Performance

BATRA traded down $0.54 during midday trading on Friday, reaching $44.53. The company had a trading volume of 20,504 shares, compared to its average volume of 29,965. The business has a 50-day moving average of $43.04 and a two-hundred day moving average of $42.24. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.31. Atlanta Braves has a 1 year low of $36.78 and a 1 year high of $46.61. The company has a market cap of $2.76 billion and a P/E ratio of -22.27.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and issued a $54.00 price target on shares of Atlanta Braves in a research report on Thursday, May 16th.

Insider Transactions at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the stock in a transaction on Monday, June 24th. The shares were acquired at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the acquisition, the insider now directly owns 7,550 shares of the company’s stock, valued at $301,698. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased 3,000 shares of company stock valued at $121,765 over the last quarter. 4.83% of the stock is currently owned by company insiders.

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.