News articles about The Madison Square Garden (NYSE:MSG) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Madison Square Garden earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.3486116279441 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Arcade Fire proves they’re still the world’s best rock band, showing signs of life at immersive MSG show (nydailynews.com)
- Arcade Fire played Madison Square Garden (pics, setlist, review) (brooklynvegan.com)
- Charles Oakley sues Knicks’ James Dolan, MSG (fansided.com)
- Report: Charles Oakley files civil suit against Dolan, Madison Square Garden (cbssports.com)
- Charles Oakley Files Civil Lawsuit Against James Dolan and MSG for Defamation, Libel and Assault (si.com)
Shares of The Madison Square Garden (MSG) opened at 218.47 on Friday. The Madison Square Garden has a 12 month low of $160.96 and a 12 month high of $226.95. The firm has a 50-day moving average of $216.55 and a 200 day moving average of $202.63. The company’s market cap is $5.14 billion.
The Madison Square Garden (NYSE:MSG) last announced its quarterly earnings results on Thursday, August 17th. The company reported ($3.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.10) by ($2.48). The company had revenue of $305.60 million for the quarter, compared to analysts’ expectations of $279.19 million. The Madison Square Garden had a negative net margin of 5.52% and a negative return on equity of 2.43%. The business’s revenue was up 40.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.39) EPS. On average, analysts expect that The Madison Square Garden will post $0.71 earnings per share for the current year.
MSG has been the topic of several analyst reports. Zacks Investment Research cut shares of The Madison Square Garden from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. ValuEngine upgraded shares of The Madison Square Garden from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $245.00 price objective (up previously from $215.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. Jefferies Group LLC lifted their price objective on shares of The Madison Square Garden from $185.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $260.00 price objective (up previously from $240.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $204.67.
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About The Madison Square Garden
The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.
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