Atlanta Braves (BATRA) Expected to Announce Earnings on Monday

Atlanta Braves (NASDAQ:BATRA - Get Free Report) is expected to release its earnings data before the market opens on Monday, May 12th. Analysts expect Atlanta Braves to post earnings of ($0.94) per share and revenue of $36.87 million for the quarter.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The firm had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 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 down $0.32 during midday trading on Friday, reaching $43.49. The company's stock had a trading volume of 47,531 shares, compared to its average volume of 42,998. The business's fifty day simple moving average is $42.90 and its 200-day simple moving average is $42.33. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. Atlanta Braves has a fifty-two week low of $38.67 and a fifty-two week high of $46.65. The company has a market capitalization of $2.69 billion, a P/E ratio of -59.58 and a beta of 0.61.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of Atlanta Braves in a research note on Thursday, February 27th.

Insider Transactions at Atlanta Braves

In related news, major shareholder John C. Malone purchased 8,371 shares of Atlanta Braves stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $41.94 per share, for a total transaction of $351,079.74. Following the transaction, the insider now directly owns 371,707 shares of the company's stock, valued at approximately $15,589,391.58. This trade represents a 2.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 122,632 shares of company stock worth $5,072,723 over the last 90 days. 4.83% of the stock is owned by insiders.

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.