News headlines about The Madison Square Garden (NYSE:MSG) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Madison Square Garden earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.4813548245805 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- The Madison Square Garden Company to Host Fiscal 2017 Fourth Quarter and Year-End Conference Call (feeds.benzinga.com)
- DreamWorks Animation (DWA) and The Madison Square Garden (MSG) Financial Comparison (americanbankingnews.com)
- The Madison Square Garden Company (NYSE:MSG) Shares Bought by Salzhauer Michael (bulhufas.com)
- The Madison Square Garden Company (NYSE:MSG) Reviewed By Analysts (expressnewsline.com)
- Madison Square Garden Company acquires controlling stake in Counter Logic Gaming (riftherald.com)
Shares of The Madison Square Garden (NYSE:MSG) traded down 0.10% during mid-day trading on Friday, hitting $216.66. The stock had a trading volume of 93,235 shares. The Madison Square Garden has a 12 month low of $160.96 and a 12 month high of $223.06. The stock’s 50-day moving average is $201.72 and its 200 day moving average is $193.71. The company’s market cap is $5.10 billion.
The Madison Square Garden (NYSE:MSG) last released its earnings results on Thursday, May 4th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by $0.33. The business had revenue of $386 million for the quarter, compared to analysts’ expectations of $365.57 million. The Madison Square Garden had a negative return on equity of 1.57% and a negative net margin of 3.81%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.47) EPS. On average, equities research analysts forecast that The Madison Square Garden will post ($0.74) earnings per share for the current fiscal year.
A number of research firms have weighed in on MSG. Zacks Investment Research lowered The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $245.00 target price on shares of The Madison Square Garden in a report on Thursday, April 20th. BTIG Research reaffirmed a “buy” rating and set a $260.00 target price (up previously from $240.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $245.00 target price (up previously from $215.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $185.00 target price on shares of The Madison Square Garden in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $204.91.
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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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