News stories about Madison Square Garden (NYSE:MSG) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Madison Square Garden earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.7466484074941 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Shares of NYSE:MSG opened at $278.64 on Monday. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of -251.03 and a beta of 0.51. Madison Square Garden has a 12-month low of $189.96 and a 12-month high of $284.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85.
Madison Square Garden (NYSE:MSG) last issued its earnings results on Wednesday, May 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.63. The company had revenue of $459.60 million during the quarter, compared to analyst estimates of $446.89 million. Madison Square Garden had a net margin of 6.68% and a return on equity of 0.07%. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.74) EPS. equities analysts forecast that Madison Square Garden will post 1.23 EPS for the current fiscal year.
Several equities analysts have weighed in on MSG shares. Zacks Investment Research upgraded shares of Madison Square Garden from a “hold” rating to a “strong-buy” rating and set a $278.00 price objective on the stock in a research report on Thursday, April 5th. ValuEngine upgraded shares of Madison Square Garden from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Morgan Stanley lifted their price objective on shares of Madison Square Garden from $245.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 2nd. Finally, TheStreet cut shares of Madison Square Garden from a “b-” rating to a “c-” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $253.20.
About Madison Square Garden
The Madison Square Garden Company, through its subsidiaries, engages in sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises, as well as promotes, produces, and/or presents a range of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.
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