What is Seaport Res Ptn's Estimate for MSGS Q2 Earnings?

Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) - Analysts at Seaport Res Ptn dropped their Q2 2026 EPS estimates for Madison Square Garden Sports in a report released on Sunday, May 4th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of $0.25 per share for the quarter, down from their previous estimate of $0.33. The consensus estimate for Madison Square Garden Sports' current full-year earnings is $0.73 per share.

A number of other equities research analysts have also recently issued reports on the stock. Macquarie upped their price objective 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. Guggenheim restated a "buy" rating and issued a $314.00 price objective on shares of Madison Square Garden Sports in a report on Tuesday, May 6th. Morgan Stanley reduced their price target on shares of Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Susquehanna began coverage on Madison Square Garden Sports in a report on Monday, April 28th. They issued a "positive" rating and a $254.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $252.60.

Madison Square Garden Sports Trading Up 0.5 %

Shares of NYSE:MSGS traded up $0.87 during trading on Tuesday, reaching $191.78. The company had a trading volume of 105,539 shares, compared to its average volume of 113,464. The stock has a market capitalization of $4.60 billion, a P/E ratio of 80.92 and a beta of 0.78. Madison Square Garden Sports has a 12 month low of $173.26 and a 12 month high of $237.99. The company has a fifty day moving average of $191.27 and a two-hundred day moving average of $209.70.

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

Institutional Trading of Madison Square Garden Sports

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in shares of Madison Square Garden Sports by 81.4% in the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock worth $28,000 after acquiring an additional 57 shares during the last quarter. Putney Financial Group LLC purchased a new position in Madison Square Garden Sports in the fourth quarter valued at $28,000. Fifth Third Bancorp lifted its stake in Madison Square Garden Sports by 119.0% during the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Madison Square Garden Sports in the 4th quarter valued at about $43,000. Finally, Versant Capital Management Inc raised its position in Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock valued at $53,000 after purchasing an additional 61 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,097 shares of the company's stock, valued at $968,022.24. The trade was a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 18.05% of the company's stock.

About Madison Square Garden Sports

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.