MSG Networks (NYSE:MSGN) announced its quarterly earnings results on Wednesday. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05, Bloomberg Earnings reports. The business had revenue of $171.40 million for the quarter, compared to analysts’ expectations of $166.01 million. MSG Networks had a negative return on equity of 21.60% and a net margin of 41.18%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS.

MSGN opened at $23.70 on Friday. MSG Networks has a 12 month low of $16.15 and a 12 month high of $26.30. The company has a debt-to-equity ratio of -1.64, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market capitalization of $1.74 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.38 and a beta of 0.76.

A number of analysts have recently weighed in on the company. ValuEngine upgraded MSG Networks from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 16th. Zacks Investment Research upgraded MSG Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. BTIG Research cut MSG Networks from a “buy” rating to a “neutral” rating in a research report on Monday, April 30th. Finally, Morgan Stanley dropped their price target on MSG Networks from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Friday, June 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. MSG Networks currently has a consensus rating of “Hold” and a consensus price target of $24.17.

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.

See Also: Asset Allocation

Earnings History for MSG Networks (NYSE:MSGN)

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