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

Madison Square Garden Sports (NYSE:MSGS) announced its quarterly earnings results 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. The company had revenue of $227.25 million during the quarter, compared to the consensus estimate of $167.71 million. Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. Madison Square Garden Sports’s revenue for the quarter was up 79.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.39) EPS.

Madison Square Garden Sports Price Performance

Shares of MSGS traded up $1.80 during midday trading on Thursday, reaching $198.66. 2,614 shares of the stock were exchanged, compared to its average volume of 120,931. The business’s 50-day moving average price is $192.43 and its 200 day moving average price is $188.26. Madison Square Garden Sports has a twelve month low of $164.79 and a twelve month high of $213.26. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 200.89 and a beta of 0.95.

Madison Square Garden Sports Company Profile

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.