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The Madison Square Garden Co Company Profile (NYSE:MSG)

Consensus Ratings for The Madison Square Garden Co (NYSE:MSG) (?)
Ratings Breakdown: 2 Sell Rating(s), 5 Hold Rating(s), 8 Buy Rating(s)
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $117.68 (31.04% downside)

Analysts' Ratings History for The Madison Square Garden Co (NYSE:MSG)
Show:
DateFirmActionRatingPrice TargetActions
6/2/2016Albert Fried & CompanyReiterated RatingHold$170.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/4/2016FBN SecuritiesInitiated CoverageOutperform$240.77View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/1/2016Pacific CrestReiterated RatingEqual WeightView Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/9/2016Credit AgricoleInitiated CoverageUnderperformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/19/2016Stifel NicolausDowngradeHold -> SellView Rating Details  Tweet This Rating  Share This Rating on StockTwits
12/11/2015GuggenheimInitiated CoverageBuy$190.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/26/2015Miller TabakBoost Price TargetNeutral$37.00 -> $40.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/2/2015MacquarieInitiated CoverageNeutralView Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/30/2015Topeka Capital MarketsInitiated CoverageBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/23/2015Morgan StanleyDowngradeOutperform -> Equal Weight$21.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/7/2015Cantor FitzgeraldInitiated CoverageBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/2/2015BTIG ResearchInitiated CoverageBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/1/2015JPMorgan Chase & Co.Initiated CoverageOverweightView Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/1/2015Jefferies GroupUpgradeHold -> BuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
9/22/2015GabelliInitiated Coverage$30.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
9/15/2015Evercore ISIUpgradeHold -> Buy$86.00 -> $95.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/30/2015Maxim GroupBoost Price TargetBuy$85.00 -> $92.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/26/2015Evercore Partners Inc.Reiterated RatingBuy -> Hold$82.00 -> $86.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 6/26/2014 forward)
Earnings History for The Madison Square Garden Co (NYSE:MSG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
8/8/2016        
5/6/2016Q3($0.35)($2.47)$325.40 million$336.30 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/4/2016Q216$1.23$1.74$413.86 million$410.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/5/2015Q116($0.66)($0.06)$137.90 million$150.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/20/2015Q415$0.40$0.60$359.99 million$387.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/1/2015Q315$0.44$0.51$444.32 million$449.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/6/2015Q215$0.73$0.78$523.55 million$542.50 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/31/2014Q115$0.32$1.38$224.20 million$241.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/20/2014Q414$0.22$0.15$348.78 million$371.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/2/2014Q414$0.41$0.24$436.60 million$459.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/7/2014Q214$0.67$0.77$496.33 million$509.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/1/2013Q114$0.22$0.31$212.79 million$215.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/21/2013Q4 2013$0.29$0.47$320.07 million$36.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/3/2013Q3 2013$0.33$0.49$485.11 million$412.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/6/2013Q2 2013$0.36$0.60$407.00 million$387.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/2/2012$0.21$0.26$202.11 million$204.16 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/24/2012Q412$0.20$0.37$274.95 million$332.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/4/2012$0.19$0.40ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/4/2011$0.01$0.28ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/26/2011$0.13$0.11ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/6/2011$0.24$0.25ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/4/2011$0.43$0.42ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)
Earnings Estimates for The Madison Square Garden Co (NYSE:MSG)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162($0.62)($0.33)($0.48)
Q2 20162($0.52)($0.23)($0.38)
Q3 20162($0.28)$0.08($0.10)
Q4 20162($1.13)($0.24)($0.69)
Q1 20172($0.69)($0.01)($0.35)
Q2 20172$1.05$1.73$1.39
Q3 20172($0.53)($0.10)($0.32)
Q4 20172($0.71)($0.21)($0.46)
Q1 20181($0.76)($0.76)($0.76)
Q2 20181$1.18$1.18$1.18
Q3 20181($0.58)($0.58)($0.58)
(Data provided by Zacks Investment Research)
Dividend History for The Madison Square Garden Co (NYSE:MSG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trading History for The Madison Square Garden Co (NYSE:MSG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
11/11/2015Vincent TeseDirectorSell2,500$174.24$435,600.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/3/2015Wilton J. Jr. HildenbrandDirectorSell2,944$71.92$211,732.48View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/24/2015Richard D ParsonsDirectorSell5,050$69.52$351,076.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/19/2015Nelson PeltzDirectorBuy12,800$77.98$998,144.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/13/2015Vincent TeseDirectorSell1,000$78.25$78,250.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/5/2014Vincent TeseDirectorSell5,079$75.10$381,432.90View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/22/2014Wilton J Jr. HildenbrandDirectorSell3,276$65.39$214,217.64View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/28/2014Patrick Francis DolanInsiderSell30,751$52.29$1,607,969.79View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/20/2014Lawrence BurianVPSell1,500$50.93$76,395.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/20/2014Robert PollichinoCFOSell3,875$50.91$197,276.25View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/20/2014Vincent TeseDirectorSell1,000$50.95$50,950.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/6/2014Jr. Thomas SmithCEOBuy26,300$50.60$1,330,780.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/7/2013Vincent TeseDirectorSell1,000$59.65$59,650.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)
Latest Headlines for The Madison Square Garden Co (NYSE:MSG)
DateHeadline
06/22/16 04:26 PMKnicks acquire Derrick Rose in mega-trade with Bulls -
06/21/16 09:44 AM12 opinions on the MSG-Pegula Sports deal
06/19/16 04:44 PMThe Cure Delivers Career-Spanning Set at New York's Madison Square Garden
06/17/16 03:20 PMMADISON SQUARE GARDEN CO Files SEC form 8-K, Entry into a Material Definitive Agreement -
06/15/16 10:44 AMLos Angeles Kings Leading The Fight Against Scalpers -
06/13/16 11:29 AMThe Madison Square Garden Company Names Hank Abate Executive Vice President of Venue Management - [at noodls] - June 13, 2016 NEW YORK, June 13, 2016 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (NYSE:MSG) today announced that Hank Abate, a well-regarded executive with more than three decades of experience ...
06/07/16 05:29 PMStreet near Madison Square Garden becomes Muhammad Ali Way
06/07/16 07:56 AMMuhammad Ali Through The Years
06/06/16 09:28 AMThe Madison Square Garden Company Names John Abbamondi Executive Vice President of Ticketing, Suites and Hospitality - [at noodls] - June 6, 2016 NEW YORK, June 06, 2016 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (NYSE:MSG) today announced that John Abbamondi has been named executive vice president of Ticketing, Suites and ...
06/02/16 05:39 PMSmile for Kids, Inc. v. The Madison Square Garden Co., 652416/2016 - Your article was successfully shared with the contacts you provided. Supreme Court, New York County, IAS Part 61 652416/2016 Justice Barry Ostrager For Plaintiff: The Plaintiffs were represented by: Larry Hutcher, Esq. and Peter M. Ripin, Esq of Davidoff ...
06/01/16 11:10 PMWhere Burgers, ‘Bling’ and Old Elms Align -
06/01/16 08:25 PMWhere Burgers, 'Bling' and Old Elms Align -
06/01/16 07:13 PMAlbert Fried's Tullo Has Near-Term Concerns With Madison Square Garden - The Knicks aren't the only ones about to make cuts this off season. Albert Fried's Rich Tullo reduced his price target on Madison Square Garden Co (NYSE: MSG) from $200 to $170 Wednesday. The analyst maintains a Market Perform rating. Due to the NY Rangers early playoff exit, Tullo adjusted his revenue estimate from $254 million in prior year to $211 million this year, as there were only six playoff games versus 17 games last year. Tullo ...Full story available on Benzinga.com
05/30/16 09:00 AMHow Many Stadiums Does Las Vegas Really Need? -
05/28/16 08:23 AMNew performance venue planned for Las Vegas - “Forty-two million people come to [Las Vegas] each year looking for entertainment,” said David “Doc” O’Connor, president and chief executive of Madison Square Garden Co. “It’s one of the few entertainment destination cities in the world ...
05/27/16 06:07 PMMADISON SQUARE GARDEN CO : Other Events (form 8-K) - Item 8.01 Other Events. On May 27, 2016, The Madison Square Garden Company (the "Company") entered into a Rule 10b5-1 stock repurchase plan (the "Plan"). The Plan was adopted to permit the Company to effect additional stock repurchases under its existing $ ...
05/27/16 09:06 AMLas Vegas Sands and Madison Square Garden Partner on New Off-Strip Concert Venue - Casino.Org News - Casino.Org NewsLas Vegas Sands and Madison Square Garden Partner on New Off-Strip Concert VenueCasino.Org NewsLas Vegas Sands and the Madison Square Garden Company (MSG) announced on May 25 that the two companies are uniting to construct a “first-of-its-kind” 400,000-square-foot entertainment and concert venue that will be the world's largest facility built ...Vegas Is Arena CityPollstar (subscription)all 2 news articles »
05/27/16 07:36 AMHere's The Challenge That NFL, NHL, MLS And MSG In Las Vegas Would Present -
05/26/16 09:15 AMThe Madison Square Garden Company and Las Vegas Sands to Bring Groundbreaking New Venue to Las Vegas - GlobeNewswire (press release) - Los Angeles TimesThe Madison Square Garden Company and Las Vegas Sands to Bring Groundbreaking New Venue to Las VegasGlobeNewswire (press release)NEW YORK, May 25, 2016 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (NYSE:MSG) and Las Vegas Sands Corp. (NYSE:LVS) announced today that they are bringing a first-of-its-kind, large-scale venue to Las Vegas that will re-define the ...Madison Square Garden is bringing a new concert arena to Las VegasLos Angeles TimesSands Brings Madison Square Garden to Vegas, Challenging MGMBloombergLas Vegas Sands partnership to build 17500-seat off-Strip concert hallLas Vegas Review-JournalWall Street Journal -Billboardall 20 news articles »
05/25/16 08:16 PM[$$] Business Watch -
05/25/16 05:47 PMMadison Square Garden is bringing a new concert arena to Las Vegas - Los Angeles Times - Los Angeles TimesMadison Square Garden is bringing a new concert arena to Las VegasLos Angeles TimesDuring that same year, more than 180 comparable music and other entertainment events took place in Los Angeles. The new venue is a partnership among Madison Square Garden Co., Sands Corp., Azoff MSG Entertainment, concert promoter Live Nation ...The Madison Square Garden Company and Las Vegas Sands to Bring Groundbreaking New Venue to Las VegasGlobeNewswire (press release)Las Vegas Sands partnership to build 17500-seat off-Strip concert hallLas Vegas Review-JournalIrving Azoff, MSG Plan Music-Only Las Vegas ArenaBillboardCharlotte Observerall 13 news articles »
05/25/16 05:47 PMMadison Square Garden is bringing a new concert arena to Las Vegas - First they resurrected the Forum in Inglewood as a major concert venue. Now, Madison Square Garden executives are turning their sights to Las Vegas. The company announced Wednesday that it will build a 17,500-seat arena just off the Las Vegas Strip.
05/25/16 05:47 PMThe Madison Square Garden Company and Las Vegas Sands to Bring Large New Concert Venue to Las Vegas - The Madison Square Garden Company and Las Vegas Sands Corp. announced today that they are bringing a first-of-its-kind, large-scale venue to Las Vegas that will re-define the live music and entertainment experience. The two companies, along with Azoff MSG ...
05/25/16 09:10 AMBRIEF-Madison Square Garden unit, Las Vegas Sands unit enter into an agreement - May 25 Madison Square Garden Co : * Unit entered into an agreement with a subsidiary of Las Vegas Sands Corp * MSG will develop, construct venue with capacity of at least 16,000 seats on parcel of land in Las Vegas, Nevada owned by Sands * If certain ...
05/25/16 09:10 AMIrving Azoff, MSG Plan Music-Only Las Vegas Arena - The Madison Square Garden Company and Irving Azoff, chairman/CEO of Azoff Madison Square Garden Entertainment, the team behind the return to glory of the Forum in Los Angeles, have partnered with Las Vegas Sands Corp. to bring a new 17,500-capacity venue ...
05/25/16 09:10 AMSands Brings Madison Square Garden to Vegas in Challenge to MGM - Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, plans to build a concert venue in Las Vegas with Madison Square Garden Co., taking aim at competitors including MGM Resorts International. The 16,000-seat theater will be ...
05/25/16 09:07 AMMadison Square Gardens, Las Vegas Sands Strike New 50-Year Deal - Madison Square Garden Co (NYSE: MSG) announced in a regulatory filing on Wednesday it will team up with Las Vegas Sands Corp. (NYSE: LVS) to build a new concert venue in Las Vegas. The two companies will create a new 16,000-seat theater on land Sands already owns, which will be leased to Madison Square Garden for 50 years. In addition, Madison Square Garden will ...Full story available on Benzinga.com
05/25/16 08:30 AMOpening Bell, May 25, 2016 -
05/25/16 08:26 AMThe Madison Square Garden Company and Las Vegas Sands to Bring Groundbreaking New Venue to Las Vegas - [at noodls] - May 25, 2016 NEW YORK, May 25, 2016 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (NYSE:MSG) and Las Vegas Sands Corp. (NYSE:LVS) announced today that they are bringing a first-of-its-kind, large-scale ...
05/25/16 08:15 AMToday's Bell Ringer, May 25, 2016 -
05/25/16 06:20 AMSands Brings Madison Square Garden to Vegas, Challenging MGM -
05/25/16 05:30 AMMADISON SQUARE GARDEN CO Files SEC form 8-K, Other Events -
05/23/16 10:59 PMEarnings Review and Stock Rundown for The Madison Square Garden Company (NASDAQ:MSG) - Wall Street Hints and News - Earnings Review and Stock Rundown for The Madison Square Garden Company (NASDAQ:MSG)Wall Street Hints and NewsInvestors and analysts will be paying close attention when the company posts earnings results. Earnings numbers can provide insight into a company's overall profitability. Covering equity analysts are expecting The Madison Square Garden Company ...and more »
05/23/16 05:51 PMLouis C.K. Adds Third Madison Square Garden Show - The Madison Square Garden Company announced today that due to overwhelming demand award-winning comedian Louis C.K. will add a third show to his Madison Square Garden run on Thursday, September 15, 2016. Previously announced shows will be Thursday ...
05/23/16 07:13 AMThe Madison Square Garden Co. breached its 50 day moving average in a Bullish Manner : MSG-US : May 23, 2016 -
05/22/16 05:18 PMThe Madison Square Garden Company (NYSE:MSG) Broker Price Targets For The Coming Week - Share Trading News - The Madison Square Garden Company (NYSE:MSG) Broker Price Targets For The Coming WeekShare Trading NewsMarket analysts have recently updated their ratings and price targets on shares of The Madison Square Garden Company (NYSE:MSG). The latest reports which are currently in issue on Sunday 22nd of May state 0 analysts have a rating of “strong buy”, ...and more »
05/19/16 05:51 PMRevenue Update on Madison Square Garden Co(NASDAQ:MSG) - Trade Calls - New York Daily NewsRevenue Update on Madison Square Garden Co(NASDAQ:MSG)Trade CallsMadison Square Garden Co(NASDAQ:MSG) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on May 6, 2016. Company reported revenue of $336.33M. Analysts estimated a revenue of $325.53M. Earnings ...The Madison Square Garden Company (NYSE:MSG) Updated Broker RatingsRisers & FallersThe Madison Square Garden Company (NASDAQ:MSG) Stock Rating RundownThe Postall 4 news articles »
05/16/16 05:33 PMLouis C.K. Coming to Madison Square Garden This Fall - The Madison Square Garden Company announced today that award-winning comedian Louis C.K. will return to Madison Square Garden on Thursday, September 8, 2016 at 8:00PM and Monday, September 12, 2016 at 8:00PM. Tickets are on sale now and will be available ...
05/14/16 04:24 AMMario Gabelli Comments on Madison Square Garden Co. - Madison Square Garden Co. ( NYSE:MSG)(-.8%) (MSG - $-66.'6 - NYSE) is an integrated sports and entertainment company that owns the New York Knicks, the New York Rangers, the Radio City Christmas Spectacular, The Forum, and that iconic New York venue ...
05/11/16 11:25 PMMadison Square Garden still exempt from property tax - Madison Square Garden chairman James Dolan can celebrate at least one ... This kind of corporate welfare amounts to a subsidy of a multi-billion dollar company by every other taxpayer in New York. It’s not fair to the countless small businesses ...
05/11/16 06:15 PMPerformance Recap and Target Perspective on The Madison Square Garden Company (NASDAQ:MSG) - B.O.D.Y Confidential - Performance Recap and Target Perspective on The Madison Square Garden Company (NASDAQ:MSG)B.O.D.Y ConfidentialIn the latest trading session, shares of The Madison Square Garden Company (NASDAQ:MSG) moved -0.98%. In order to gain some further insight on stock performance, we can take a look at the stock price relative to some moving averages. After a recent ...and more »
05/07/16 10:44 PMMadison Square Garden Q3'16 Earnings Conference Call: Full Transcript - Benzinga - New York PostMadison Square Garden Q3'16 Earnings Conference Call: Full TranscriptBenzingaGood morning. My name is Christie and I will be your conference operator today. At this time I would like to welcome everyone to <b>The Madison Square Garden Company</b> (NYSE: MSG) Fiscal 2016 Third Quarter Earnings Conference Call. All lines have ...The Madison Square Garden Company Reports Fiscal 2016 Third Quarter ResultsGlobeNewswire (press release)The Madison Square Garden's (MSG) CEO Doc O'Connor on Q3 2016 Results - Earnings Call TranscriptSeeking AlphaThe Madison Square Garden Company (NASDAQ:MSG) Basic Consolidated EPS At $3.3019Vanguard TribuneMoney Morning -Franklin Independent -Risers & Fallersall 51 news articles »
05/07/16 06:43 AMMadison Square Garden Q3'16 Earnings Conference Call: Full Transcript - Operator: Good morning. My name is Christie and I will be your conference operator today. At this time I would like to welcome everyone to <b>The Madison Square Garden Company</b> (NYSE: MSG) Fiscal 2016 Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-and-answer session. If you would like to ask a question during this time simply press star then the number one on your telephone keypad. To withdraw your questions press the pound key. Thank you. I would now like to turn the call over to Ari Danes, Senior Vice President of Investor Relations for the Madison Square Garden Company. Please go ahead sir.   Ari Danes:Investor Relations: Thank you, Christie. Good morning and welcome at the Madison Square Garden Company’s fiscal 2016 third quarter earnings conference call. Our President and CEO, Doc O’Connor will begin this morning’s call with the discussion of some of the Company’s recent highlights. This would be followed by review of our financial results with Donna Coleman, our EVP and Chief Financial Officer. After our prepared remarks we will open up the call for questions. If you do not have a copy of today’s earnings release, it is available in the Investors section of our corporate website. Please take a note of the following. Today’s discussion may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments, and events may differ materially from those in the forward-looking statements as a result of various factors. These include financial community perceptions of the company and its business, operations, financial condition, and the industry in which it operates, as well as the factors described in the company’s filings with the Securities and Exchange Commission, including the sections entitled Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations contained therein. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. Let me point out that on page 4 of today’s earnings release, we provide consolidated and combined statements of operations and a reconciliation of adjusted operating cash flow or AOCF to operating income. I would now like to introduce Doc O’Connor, President and CEO of The Madison Square Garden Company.   David O’Connor:President and Chief Executive Officer: Thank you, Ari and good morning, everyone. For the fiscal third quarter we generated strong top line growth and excluding the impact of a non cash write-off and increase in total company AOCF both as compared to prior year’s third quarter. These solid underlying results reflect our continued success in delivering exceptional live experiences for our fans and partners. As we previously discussed we see ample opportunities to continue growing our business both organically and through acquisition and development. We’ve been making progress on our venue expansion strategy and we’ve engaged in a number of discussions one of which may come to provision in a very near future. Another important area focus for our company in growing our portfolio of owned and operated content and a terrific example of this is our upcoming show the New York Spectacular Starring Radio City Rockettes. We are now in the midst of preparing for the shows June, 15th debut and as you may know, we shifted the timing of the shows run from spring to summer to take advantage of the approximately 30% increase in tourism in New York City during the summer month. We are also using what we’ve learned from last year’s springs spectacular to build on and enhance this year’s show. In addition to re-imagining story line we look forward to giving our customers more of what they wants to see. This show was a love later to New York. It’s landscapes, its landmarks, and it’s icons including the Radio City Rockettes the stars of the show. As part of this effort we brought on board a new creative team that includes three time any award winning winner me and Michael as Director and choreographer and Drama Desk Award-winner Douglas Carter Beane as the shows writer. As we’ve seen from our results from morning with the continued evolution of the show we’ve also incurred a write-off. Donna will take you through this in greater detail, but I would note that we’re anticipating a successful summer run and that we continue to believe the show will become an annual New York tradition in valuable property for the company. I’d now like to share some additional operating highlights starting first with our sports teams. The Rangers reached 101 points in the regular season and advance to the play offs for the sixth consecutive year and tenth time in the last 11 years. While we’re disappointed about the mix not making the play offs the team had a 15 win improvement this past season. Looking ahead we think the addition of young star -- who won three Eastern Conference Rookie of the month award this past season along with all star Carmelo Anthony provides the team with solid building blocks for future seasons. The liberty led by 2015 WNBA all star -- child and league Rookie of the year runner up Kiah Stokes had 2015 regular season that was the best in team history and are now gearing up to the start of their 20th season with the team home opener on May 15 against the Dallas Wings. Meanwhile our portfolio of venues continues to play host to over diverse array of artists and events with highlights for the third quarter including the Nickelodeon’s kids. The Nickelodeon kinds choice awards that the form for the second consecutive year. Bruce Springsteen for two sold out nights at the Garden 148 Annual Westminster Kennel Club Dog show. The BNP Paribas tennis showdown featuring Serena Williams and Caroline Wozniacki and the Big East Basketball championship for the 34th consecutive year which featured the --- wildcat who went on to win the NCAA championship. Moving into the fourth quarter, last month we hosted several special events including the I Heart Radio Music awards at the forum. We are also honor to work with our partner Tribeca on this year’s Film Festival as Beacon Theatre once again served as the best drop for festival events including the festivals, anniversary screening of the film, Taxi Driver. We also welcome governor Andrew -- in the UFC to the Garden for a landmark build signing to legalize professional mix martial arts in New York. First UFC event in the state will take place this November at the world’s most famous Arena and we look forward to this world class athletes becoming part of the Gardens story in history. Earlier this week Pro --- took to the Garden stage for two sold out nights and in the coming weeks we look forward to hosting Billy Joel popular Garden residency which is led to 36 sold out shows through December 2016. Our latest Residency with Jerry Seinfeld at the Beacon and Comedian Amy Schumer, staying in Peter Gabriel as well as the multi show run by the cure all at the garden. We also recently announce that on August 28 the Garden will host the MTV video music awards for the first time ever. Madison Square Garden is known for inspiring the greatest performance to give their greatest performances and we have no doubt that the MTV VMA celebrated for this exciting and unexpected mix of music and entertainment will be unforgettable night and this special event will be followed six more memorable nights in September as a dull place the Garden as part of our 2016 tour. In summary we remain focused on delivering excellence across our operations while executing our plans for growth and long term value creation. With that I will now turn the call over to Dana who will take you through our financial result.   Donna M. Coleman:Executive Vice President and Chief Financial Officer: Thank you Doc and good morning everyone. As you know the Madison Square Garden company completed its spin off consignment C networks on September 30, 2015. Results for the fiscal 2016 third quarter reflects MSG’s financial result on a standalone basis including the companies post-spin cost structure and actual corporate general and administrative cost. Fiscal 2015 third quarter results reflect the allocation of corporate general and administrative cost based on accounting requirements for the preparation of -- financial statement. As a result prior year third quarter results do not reflect all of the actual expenses at the company would have incurred had it been standalone public company for that quarter. With that said now let’s go to our reported results as compared to the prior year period. For the fiscal 2016 third quarter the company generated total revenue $336.3 million an increase of 12% and IOCF loss of $23.8 million excluding the impact of $41.8 million non-cash right off which I will discuss in greater detail shortly IOCF would have been positive $18.1 million an increase of 8% as compared to the prior year quarter and MSG Entertainment revenue is up $73.2 million increase 19%. This increase was driven by higher event-related revenues at all of our company venues led by the Garden and Radio City Music Hall as well as higher Christmas Spectacular revenue and sponsorship signage and suite rental seem revenues. As a reminder 12 Radio City Christmas spectacular performances play during the fiscal 2016 third quarter versus non during the prior year third quarter. Partially offsetting the overall increase in revenue was the impact from our decision to shift the timing of the New York Spectacular from the spring to the summer. Last year the show debut on March 12 with 18 shows taking place during the fiscal third quarter. As Doc stated earlier this year the shows run will start on June 15. On a reported basis third quarter AOCF at MSG Entertainment for ...Full story available on Benzinga.com
05/06/16 11:14 PMThe Madison Square Garden's (MSG) CEO Doc O'Connor on Q3 2016 Results - Earnings Call Transcript - Seeking Alpha - New York PostThe Madison Square Garden's (MSG) CEO Doc O'Connor on Q3 2016 Results - Earnings Call TranscriptSeeking AlphaGood morning. My name is Christy, and I'll be your conference operator today. At this time, I would like to welcome everyone to The Madison Square Garden Company Fiscal 2016 Third Quarter Earnings Conference Call. All lines have been placed on mute to ...The Madison Square Garden Company Reports Fiscal 2016 Third Quarter ResultsGlobeNewswire (press release)The Madison Square Garden Co. posts 3Q lossMoney MorningMadison Square Garden Co (MSG) Releases Earnings Results, Misses Expectations By $-2.04 EPSMarket DigestBenzinga -Risers & Fallers -Franklin Independentall 45 news articles »
05/06/16 06:06 PMThe Madison Square Garden Company Reports Fiscal 2016 Third Quarter Results - GlobeNewswire (press release) - New York PostThe Madison Square Garden Company Reports Fiscal 2016 Third Quarter ResultsGlobeNewswire (press release)On September 30, 2015, The Madison Square Garden Company completed its spin-off from MSG Networks Inc. The fiscal 2016 third quarter reflects the Company's financial results on a standalone basis, including the Company's actual corporate general and ...Madison Square Garden Q3 Loss WidensBenzingaThe Madison Square Garden Co. posts 3Q lossMoney MorningMadison Square Garden Co (MSG) Releases Earnings Results, Misses Expectations By $-2.04 EPSMarket DigestRisers & Fallers -Sonoran Weekly Review -Franklin Independentall 45 news articles »
05/06/16 06:06 PM3 ticket resellers sue Madison Square Garden for canceling season tickets - Three ticket resale firms sued Madison Square Garden on Thursday for canceling their season tickets and forcing customers to buy those seats through the Garden's company. The firms say they've had an arrangement with the Garden for 15 years to buy the same ...
05/06/16 06:06 PMThe Madison Square Garden's (MSG) CEO Doc O'Connor on Q3 2016 Results - Earnings Call Transcript - Good morning. My name is Christy, and I’ll be your conference operator today. At this time, I would like to welcome everyone to The Madison Square Garden Company Fiscal 2016 Third Quarter Earnings Conference Call. All lines have been placed on mute to ...
05/06/16 02:10 PMEdited Transcript of MSG earnings conference call or presentation 6-May-16 2:00pm GMT -
05/06/16 06:46 AMThe Madison Square Garden Co. posts 3Q loss -
05/06/16 06:37 AM7:37 am Madison Square Garden reports Q3 (Mar) results, beats on revs -
About The Madison Square Garden Co

The Madison Square Garden Co logoThe Madison Square Garden Company, formerly MSG Spinco, Inc., is engaged in sports and entertainment business. The Company operates through two segments: MSG Sports and MSG Entertainment. MSG Sports segment includes sports business, which owns and operates the sports franchises, such as the New York Knicks (the Knicks) of the National Basketball Association (the NBA) and the New York Rangers (the Rangers) of the National Hockey League (the NHL). In addition, MSG Sports promotes, produces and presents an array of other live sporting events, including professional boxing, college basketball, professional bull riding and tennis. MSG Entertainment includes entertainment business, which presents or hosts live entertainment events, including concerts, family shows, performing arts and special events. Those venues include The Garden, The Theater at Madison Square Garden, Radio City Music Hall and the Beacon Theatre. MSG Entertainment also creates, produces and presents live productions.

Industry, Sector and Symbol:
  • Sector: Services
  • Industry: Entertainment - Diversified
  • Sub-Industry: Movies & Entertainment
  • Exchange: NYSE
  • Symbol: MSG
  • CUSIP: 55826P10
Key Metrics:
  • Previous Close: $173.88
  • 50 Day Moving Average: $166.46
  • 200 Day Moving Average: $160.23
  • P/E Ratio: N/A
  • P/E Growth: -19.32
  • Market Cap: $4.18B
  • Current Quarter EPS Consensus Estimate: $-1.80 EPS
Additional Links:
The Madison Square Garden Co (NYSE:MSG) Chart for Sunday, June, 26, 2016


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