Media headlines about MSG Networks (NYSE:MSGN) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MSG Networks earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5899733931616 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- MSG Networks, Inc. :MSGN-US: Earnings Analysis: Q4, 2017 By the Numbers : August 23, 2017 (finance.yahoo.com)
- MSG Networks Inc. (MSGN) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- MSG Networks, Inc. :MSGN-US: Earnings Analysis: 2017 By the Numbers : August 18, 2017 (finance.yahoo.com)
- See what the IHS Markit Score report has to say about MSG Networks Inc. (finance.yahoo.com)
- MSG Networks Inc : Investor Network: MSG Networks Inc. Class A to Host Earnings Call (4-traders.com)
A number of brokerages have commented on MSGN. Jefferies Group LLC reissued a “hold” rating and issued a $22.00 price objective on shares of MSG Networks in a research note on Monday, August 14th. Morgan Stanley raised their target price on shares of MSG Networks from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Loop Capital upgraded shares of MSG Networks from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a report on Monday, August 7th. ValuEngine lowered shares of MSG Networks from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of MSG Networks from a “hold” rating to a “sell” rating in a report on Saturday, July 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.00.
MSG Networks (MSGN) traded up 1.73% during midday trading on Thursday, hitting $20.55. 50,522 shares of the stock traded hands. The firm has a market cap of $1.54 billion, a PE ratio of 9.27 and a beta of 0.78. MSG Networks has a 52-week low of $17.14 and a 52-week high of $25.30. The stock has a 50-day moving average of $21.44 and a 200 day moving average of $22.37.
MSG Networks (NYSE:MSGN) last released its quarterly earnings results on Wednesday, August 16th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. MSG Networks had a negative return on equity of 16.56% and a net margin of 24.78%. The company had revenue of $162.90 million during the quarter, compared to analysts’ expectations of $161.91 million. During the same quarter in the prior year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts forecast that MSG Networks will post $2.21 EPS for the current year.
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About MSG Networks
MSG Networks Inc, formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The Company owns and operates two regional sports and entertainment networks, MSG Network (MSGN) and MSG+, collectively MSG Networks. Its networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and Connecticut, as well as parts of Pennsylvania.
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