Seaport Res Ptn Has Pessimistic View of MSGS FY2025 Earnings

The Madison Square Garden Company (NYSE:MSGS - Free Report) - Stock analysts at Seaport Res Ptn dropped their FY2025 earnings per share estimates for shares of Madison Square Garden in a research report issued to clients and investors on Wednesday, July 9th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of ($1.50) for the year, down from their previous estimate of ($1.18). The consensus estimate for Madison Square Garden's current full-year earnings is $0.73 per share. Seaport Res Ptn also issued estimates for Madison Square Garden's Q4 2025 earnings at ($0.64) EPS and FY2026 earnings at $1.13 EPS.

Madison Square Garden (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($2.07). The company had revenue of $424.20 million during the quarter, compared to analysts' expectations of $436.84 million. Madison Square Garden had a net margin of 0.45% and a negative return on equity of 1.76%. The business's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS.

Several other brokerages have also weighed in on MSGS. JPMorgan Chase & Co. cut their target price on Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Morgan Stanley cut their price target on Madison Square Garden from $235.00 to $215.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Guggenheim reaffirmed a "buy" rating and set a $314.00 price target on shares of Madison Square Garden in a research report on Tuesday, May 6th. Finally, Susquehanna assumed coverage on Madison Square Garden in a research report on Monday, April 28th. They set a "positive" rating and a $254.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $252.60.

Madison Square Garden Price Performance

Shares of NYSE MSGS traded up $2.62 during midday trading on Monday, hitting $208.50. 211,425 shares of the company's stock were exchanged, compared to its average volume of 148,543. Madison Square Garden has a twelve month low of $173.26 and a twelve month high of $237.99. The company has a market cap of $5.01 billion, a PE ratio of 992.89 and a beta of 0.79. The firm's fifty day simple moving average is $196.15 and its 200-day simple moving average is $200.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Putney Financial Group LLC acquired a new position in shares of Madison Square Garden in the fourth quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of Madison Square Garden in the fourth quarter valued at approximately $43,000. Headlands Technologies LLC increased its holdings in shares of Madison Square Garden by 1,016.7% in the fourth quarter. Headlands Technologies LLC now owns 268 shares of the company's stock valued at $60,000 after purchasing an additional 244 shares during the period. Covestor Ltd increased its holdings in shares of Madison Square Garden by 30,600.0% in the fourth quarter. Covestor Ltd now owns 307 shares of the company's stock valued at $69,000 after purchasing an additional 306 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Madison Square Garden in the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds own 68.94% of the company's stock.

About Madison Square Garden

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.