Atlanta Braves (BATRA) Expected to Announce Earnings on Thursday

Key Points

• Atlanta Braves (NASDAQ: BATRA) is set to release its earnings report on Thursday, August 7th, with analysts predicting earnings of $0.34 per share and revenue of $295.86 million.
• The company reported negative earnings of ($0.66) per share in its last quarterly report, exceeding expectations but indicating a challenging financial position.
• Major shareholder Mario J. Gabelli recently increased his stake in the company by purchasing 1,549 shares, while EVP Michael P. Plant sold 69,000 shares, highlighting mixed insider activities.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, August 7th. Analysts expect Atlanta Braves to post earnings of $0.34 per share and revenue of $295.86 million for the quarter.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.94) by $0.28. Atlanta Braves had a negative return on equity of 4.07% and a negative net margin of 3.18%. The business had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. On average, analysts expect Atlanta Braves to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRA traded up $0.71 on Monday, hitting $47.36. The company had a trading volume of 8,972 shares, compared to its average volume of 55,809. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. Atlanta Braves has a 52-week low of $38.67 and a 52-week high of $50.50. The business has a 50 day moving average of $47.31 and a 200 day moving average of $44.55. The company has a market cap of $2.93 billion, a PE ratio of -135.31 and a beta of 0.68.

Insiders Place Their Bets

In other Atlanta Braves news, EVP Deretta C. Rhodes sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $41.20, for a total transaction of $206,000.00. Following the completion of the sale, the executive vice president owned 3,112 shares in the company, valued at $128,214.40. This trade represents a 61.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Derek Gordon Schiller sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $45.50, for a total value of $1,365,000.00. Following the sale, the executive vice president owned 300,233 shares of the company's stock, valued at approximately $13,660,601.50. This trade represents a 9.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,372 shares of company stock worth $9,451,951 in the last quarter. Company insiders own 4.83% of the company's stock.

Institutional Trading of Atlanta Braves

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Atlanta Braves by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 234 shares during the period. AQR Capital Management LLC acquired a new position in shares of Atlanta Braves during the 1st quarter valued at $211,000. Finally, Jane Street Group LLC acquired a new position in shares of Atlanta Braves during the 1st quarter valued at $385,000. Institutional investors own 12.31% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup initiated coverage on Atlanta Braves in a report on Friday, June 13th. They issued a "neutral" rating and a $45.00 price objective on the stock.

About Atlanta Braves

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.