Atlanta Braves (BATRK) Projected to Post Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRK - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, May 14th. Analysts expect Atlanta Braves to post earnings of ($0.94) per share for the quarter.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million during the quarter, compared to analyst estimates 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 Stock Up 0.3 %

NASDAQ:BATRK opened at $40.07 on Wednesday. The company's 50 day moving average is $39.09 and its 200-day moving average is $39.22. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -54.89 and a beta of 0.56. Atlanta Braves has a 12 month low of $35.46 and a 12 month high of $44.43.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Atlanta Braves to a "sell" rating in a report on Friday, February 28th.

Insiders Place Their Bets

In other news, major shareholder John C. Malone purchased 2,760 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the acquisition, the insider now directly owns 214,118 shares in the company, valued at approximately $8,990,814.82. The trade was a 1.31 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired a total of 122,632 shares of company stock valued at $5,072,723 in the last three months. Company insiders own 11.43% of the company's 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.

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