Equities research analysts expect MSG Networks Inc (NYSE:MSGN) to announce earnings per share of $0.61 for the current quarter, according to Zacks. Two analysts have made estimates for MSG Networks’ earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.58. MSG Networks reported earnings per share of $0.60 during the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, August 21st.
On average, analysts expect that MSG Networks will report full-year earnings of $2.53 per share for the current year, with EPS estimates ranging from $2.50 to $2.56. For the next year, analysts expect that the firm will post earnings of $2.52 per share, with EPS estimates ranging from $2.37 to $2.69. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for MSG Networks.
Several equities analysts have recently weighed in on the stock. Rosenblatt Securities set a $23.00 price target on shares of MSG Networks and gave the stock a “hold” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. cut shares of MSG Networks from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $23.00 to $19.00 in a research note on Friday, July 19th. Zacks Investment Research raised shares of MSG Networks from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Morgan Stanley decreased their price target on shares of MSG Networks from $20.00 to $17.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, ValuEngine cut shares of MSG Networks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. MSG Networks currently has an average rating of “Hold” and an average target price of $23.20.
Shares of MSGN traded up $0.23 during mid-day trading on Tuesday, hitting $17.15. 366,600 shares of the company’s stock were exchanged, compared to its average volume of 556,940. The company has a market cap of $1.27 billion, a PE ratio of 4.50, a P/E/G ratio of 2.06 and a beta of 0.72. MSG Networks has a 52 week low of $16.34 and a 52 week high of $28.13. The company has a 50-day simple moving average of $19.44 and a 200 day simple moving average of $21.60.
MSG Networks Company Profile
MSG Networks Inc engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands.
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