NYSE:MSGN - MSG Networks Stock Price, Forecast & News

MSG Networks' stock was trading at $12.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MSGN shares have decreased by 30.1% and is now trading at $8.86. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MSG Networks in the last year. There are currently 4 sell ratings, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for MSG Networks.

MSG Networks is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for MSG Networks.

MSG Networks Inc (NYSE:MSGN) issued its earnings results on Tuesday, February, 4th. The company reported $0.66 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.72 by $0.06. The business earned $187.73 million during the quarter, compared to the consensus estimate of $188.55 million. MSG Networks had a net margin of 25.06% and a negative return on equity of 32.08%. The firm's revenue was down 2.7% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. View MSG Networks' earnings history.

8 brokerages have issued 1 year price targets for MSG Networks' shares. Their forecasts range from $15.00 to $24.00. On average, they expect MSG Networks' share price to reach $17.79 in the next twelve months. This suggests a possible upside of 100.7% from the stock's current price. View analysts' price targets for MSG Networks.

Media stories about MSGN stock have trended somewhat positive on Wednesday, InfoTrie reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MSG Networks earned a media sentiment score of 0.6 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutMSG Networks.

MSG Networks saw a drop in short interest in March. As of March 13th, there was short interest totaling 12,451,900 shares, a drop of 18.5% from the February 27th total of 15,270,000 shares. Based on an average trading volume of 795,300 shares, the days-to-cover ratio is presently 15.7 days. Approximately 28.2% of the shares of the company are sold short. View MSG Networks' Current Options Chain.

Some companies that are related to MSG Networks include Qurate Retail Inc Series B (QRTEB), Liberty Latin America (LILAK), Liberty Latin America (LILA), Amc Networks (AMCX), WideOpenWest (WOW), Hemisphere Media Group (HMTV), Ideanomics (IDEX), SoOum (SOUM) and Vidaroo (VIDA).

Based on aggregate information from My MarketBeat watchlists, some companies that other MSG Networks investors own include Metlife (MET), Brighthouse Financial (BHF), iShares 3-7 Year Treasury Bond ETF (IEI), AT&T (T), iShares California Muni Bond ETF (CMF), Applied Materials (AMAT), Casa Systems (CASA), Alphabet (GOOG), Carnival (CCL) and FTS International (FTSI).

MSG Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSGN."

Shares of MSGN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MSGN stock can currently be purchased for approximately $8.86.

MSG Networks has a market capitalization of $533.06 million and generates $720.84 million in revenue each year. The company earns $186.18 million in net income (profit) each year or $2.46 on an earnings per share basis. MSG Networks employs 180 workers across the globe. View additional information about MSG Networks.

The official website for MSG Networks is http://www.msgnetworks.com/.

MSG Networks' mailing address is 11 PENNSYLVANIA PLAZA, NEW YORK NY, 10001. The company can be reached via phone at 212-465-6400 or via email at [email protected]