News coverage about MSG Networks (NYSE:MSGN) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MSG Networks earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.7479892524412 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
MSGN has been the topic of several research reports. ValuEngine upgraded MSG Networks from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group restated a “hold” rating and set a $22.00 price objective on shares of MSG Networks in a report on Thursday, September 21st. Zacks Investment Research downgraded MSG Networks from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of MSG Networks in a research report on Tuesday, October 17th. Finally, Loop Capital raised MSG Networks from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. MSG Networks has an average rating of “Hold” and a consensus price target of $22.20.
Shares of MSG Networks (MSGN) opened at $21.25 on Friday. The company has a debt-to-equity ratio of -1.35, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market capitalization of $1,550.00, a price-to-earnings ratio of 9.57, a PEG ratio of 211.52 and a beta of 0.96. MSG Networks has a 52-week low of $16.15 and a 52-week high of $25.30.
MSG Networks (NYSE:MSGN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The firm had revenue of $157.46 million during the quarter, compared to analysts’ expectations of $157.21 million. MSG Networks had a negative return on equity of 17.40% and a net margin of 24.77%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. research analysts expect that MSG Networks will post 2.18 earnings per share for the current fiscal year.
MSG Networks announced that its board has authorized a share buyback program on Friday, December 8th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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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