MSG Networks (MSGN) Earning Somewhat Critical Media Coverage, Study Finds

News articles about MSG Networks (NYSE:MSGN) have been trending somewhat negative on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MSG Networks earned a media sentiment score of -0.03 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.9616189052601 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

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MSGN has been the subject of a number of recent analyst reports. Bank of America increased their price target on MSG Networks from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research downgraded MSG Networks from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley increased their price target on MSG Networks from $20.00 to $23.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. ValuEngine downgraded MSG Networks from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Guggenheim raised their target price on MSG Networks from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.83.

Shares of MSGN traded down $0.35 during trading hours on Friday, hitting $22.55. The stock had a trading volume of 256,177 shares, compared to its average volume of 269,336. The company has a debt-to-equity ratio of -1.62, a current ratio of 3.11 and a quick ratio of 3.11. The company has a market cap of $1,724.00, a PE ratio of 10.16, a P/E/G ratio of 0.94 and a beta of 0.76. MSG Networks has a 1-year low of $16.15 and a 1-year high of $26.30.

MSG Networks (NYSE:MSGN) last issued its earnings results on Thursday, February 1st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.11. The company had revenue of $181.20 million during the quarter, compared to the consensus estimate of $179.73 million. MSG Networks had a negative return on equity of 19.52% and a net margin of 40.97%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. analysts expect that MSG Networks will post 3.8 EPS for the current fiscal year.

MSG Networks declared that its Board of Directors has authorized a stock buyback plan on Friday, December 8th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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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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