Analysts See $0.52 EPS for MSG Networks Inc (MSGN)

October 8, 2017 - By Marguerite Chambers

 Analysts See $0.52 EPS for MSG Networks Inc (MSGN)

Investors wait MSG Networks Inc (NYSE:MSGN) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.52 earnings per share, down $0.02 or 3.70 % from last year’s $0.54 same quarter earnings. This translates into $39.15 million profit for MSGN giving the stock a 10.60 P/E. This is assuming the current $0.52 EPS is accurate. MSG Networks Inc’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.52 EPS reproted in the previous quarter, The stock increased 0.57% or $0.12 on October 6, reaching $22.05. About 266,460 shares traded. MSG Networks Inc (NYSE:MSGN) has 0.00% since October 8, 2016 and is . It has underperformed by 16.70% the S&P500.

MSG Networks Inc (NYSE:MSGN) Ratings Coverage

Among 13 analysts covering The Madison Square Garden Company (NYSE:MSGN), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. The Madison Square Garden Company had 16 analyst reports since September 30, 2015 according to SRatingsIntel. The stock of MSG Networks Inc (NYSE:MSGN) earned “Sell” rating by Loop Capital on Friday, December 16. Stifel Nicolaus upgraded MSG Networks Inc (NYSE:MSGN) on Wednesday, September 30 to “Buy” rating. The rating was initiated by Jefferies with “Hold” on Thursday, October 1. On Tuesday, January 31 the stock rating was reinitiated by Bank of America with “Buy”. Stifel Nicolaus downgraded MSG Networks Inc (NYSE:MSGN) rating on Tuesday, January 19. Stifel Nicolaus has “Sell” rating and $17.0 target. The firm has “Hold” rating by Cantor Fitzgerald given on Wednesday, October 7. The stock of MSG Networks Inc (NYSE:MSGN) has “Outperform” rating given on Tuesday, April 11 by Evercore. The firm earned “Sector Perform” rating on Thursday, May 12 by FBN Securities. As per Friday, December 9, the company rating was upgraded by Guggenheim. The rating was maintained by Topeka Capital Markets on Friday, February 5 with “Hold”.

MSG Networks Inc., formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The company has market cap of $1.66 billion. The Firm owns and operates two regional sports and entertainment networks, MSG Network and MSG+, collectively MSG Networks. It has a 9.95 P/E ratio. The Company’s 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.

More notable recent MSG Networks Inc (NYSE:MSGN) news were published by: Globenewswire.com which released: “MSG Networks and Spectrum Partner to Make “MSG GO” Available to Spectrum …” on October 04, 2017, also Barrons.com with their article: “MSG Networks: Does a Sale Make Sense?” published on April 06, 2017, Benzinga.com published: “Investors Are Starting To See A Strategic Buyer For MSG Networks As Unrealistic” on August 07, 2017. More interesting news about MSG Networks Inc (NYSE:MSGN) were released by: Seekingalpha.com and their article: “MSG Networks’ (MSGN) CEO Andrea Greenberg on Q4 2017 Results – Earnings Call …” published on August 16, 2017 as well as Benzinga.com‘s news article titled: “MSG Networks Downgraded By Macquarie Amid Sale Talks” with publication date: April 05, 2017.

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