FY2018 EPS Estimates for The Madison Square Garden Company Increased by Jefferies Group (MSG)

The Madison Square Garden Company (NYSE:MSG) – Stock analysts at Jefferies Group increased their FY2018 earnings per share estimates for shares of The Madison Square Garden in a report released on Friday, April 13th. Jefferies Group analyst J. Janedis now anticipates that the company will earn $1.07 per share for the year, up from their previous forecast of $1.03.

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The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings results on Friday, February 2nd. The company reported $3.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $1.32. The Madison Square Garden had a net margin of 5.21% and a negative return on equity of 1.00%. The firm had revenue of $536.30 million for the quarter, compared to analysts’ expectations of $523.45 million. During the same quarter in the prior year, the company posted $2.39 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of The Madison Square Garden from a “hold” rating to a “strong-buy” rating and set a $278.00 price target on the stock in a report on Thursday, April 5th. ValuEngine upgraded shares of The Madison Square Garden from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, TheStreet upgraded shares of The Madison Square Garden from a “c” rating to a “b” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $229.00.

NYSE:MSG opened at $242.72 on Monday. The Madison Square Garden has a 52 week low of $189.96 and a 52 week high of $254.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $5,687.82, a PE ratio of -218.67 and a beta of 0.46.

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its holdings in The Madison Square Garden by 21.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,139 shares of the company’s stock worth $1,084,000 after purchasing an additional 900 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in The Madison Square Garden by 23.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 79,659 shares of the company’s stock worth $17,055,000 after purchasing an additional 14,877 shares during the last quarter. Swiss National Bank boosted its holdings in The Madison Square Garden by 1.2% in the fourth quarter. Swiss National Bank now owns 32,433 shares of the company’s stock worth $6,838,000 after purchasing an additional 400 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in The Madison Square Garden in the third quarter worth approximately $587,000. Finally, California Public Employees Retirement System boosted its holdings in The Madison Square Garden by 6.8% in the third quarter. California Public Employees Retirement System now owns 43,971 shares of the company’s stock worth $9,414,000 after purchasing an additional 2,805 shares during the last quarter. Institutional investors own 70.87% of the company’s stock.

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About The Madison Square Garden

The Madison Square Garden Company, through its subsidiaries, engages in sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises, as well as promotes, produces, and/or presents a range of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

Earnings History and Estimates for The Madison Square Garden (NYSE:MSG)

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