Seaport Res Ptn Issues Pessimistic Outlook for MSGS Earnings

Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) - Analysts at Seaport Res Ptn lowered their Q3 2026 earnings per share estimates for shares of Madison Square Garden Sports in a research report issued to clients and investors on Tuesday, April 29th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of $2.69 for the quarter, down from their previous estimate of $2.77. The consensus estimate for Madison Square Garden Sports' current full-year earnings is $0.73 per share.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($2.07). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The business had revenue of $424.20 million for the quarter, compared to analyst estimates of $436.84 million. During the same period in the prior year, the business earned $1.57 EPS. The company's revenue for the quarter was down 1.3% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the company. Susquehanna assumed coverage on shares of Madison Square Garden Sports in a research note on Monday, April 28th. They set a "positive" rating and a $254.00 price target for the company. Macquarie lifted their price target on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Monday. Guggenheim reaffirmed a "buy" rating and issued a $314.00 target price on shares of Madison Square Garden Sports in a research report on Tuesday. Finally, Morgan Stanley decreased their price target on Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating for the company in a research note on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Madison Square Garden Sports currently has a consensus rating of "Moderate Buy" and an average price target of $252.60.

Madison Square Garden Sports Price Performance

MSGS stock traded up $2.09 during trading hours on Thursday, reaching $190.96. 53,718 shares of the stock were exchanged, compared to its average volume of 113,162. The firm's 50-day moving average is $192.08 and its 200-day moving average is $210.38. Madison Square Garden Sports has a 12 month low of $173.26 and a 12 month high of $237.99. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 80.38 and a beta of 0.78.

Insiders Place Their Bets

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $189.92, for a total value of $6,044,204.00. Following the transaction, the insider now directly owns 5,097 shares in the company, valued at $968,022.24. The trade was a 86.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 22.10% of the company's stock.

Institutional Trading of Madison Square Garden Sports

Several hedge funds and other institutional investors have recently modified their holdings of the stock. OFI Invest Asset Management acquired a new stake in Madison Square Garden Sports during the fourth quarter worth approximately $1,032,000. Proficio Capital Partners LLC bought a new stake in Madison Square Garden Sports in the 4th quarter valued at $3,413,000. Levin Capital Strategies L.P. grew its holdings in Madison Square Garden Sports by 118.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,039 shares of the company's stock valued at $686,000 after buying an additional 1,648 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Madison Square Garden Sports during the 4th quarter worth $16,844,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Madison Square Garden Sports during the fourth quarter worth $685,000. Institutional investors own 68.94% of the company's stock.

Madison Square Garden Sports Company Profile

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.