Atlanta Braves (BATRA) to Release Earnings on Monday

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

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.47. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. 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 Stock Performance

NASDAQ BATRA traded down $0.38 during trading on Monday, hitting $43.23. 5,327 shares of the company's stock traded hands, compared to its average volume of 42,693. The business has a 50 day moving average of $42.90 and a 200-day moving average of $42.30. Atlanta Braves has a 12-month low of $38.67 and a 12-month high of $46.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -59.22 and a beta of 0.61.

Insider Buying and Selling

In other news, major shareholder John C. Malone acquired 38,452 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the transaction, the insider now owns 254,428 shares of the company's stock, valued at $10,248,359.84. This trade represents a 17.80 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 122,632 shares of company stock valued at $5,072,723 over the last ninety days. Company insiders own 4.83% of the company's stock.

Analyst Ratings Changes

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

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.

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