MSG Networks (MSGN) Earns News Impact Score of 0.12

Press coverage about MSG Networks (NYSE:MSGN) has trended somewhat positive on Monday, according to AlphaOne. The research group, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MSG Networks earned a daily sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned news headlines about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.

Insider Buying and Selling by Quarter for MSG Networks (NYSE:MSGN)

Several equities research analysts have recently issued reports on the stock. Evercore ISI reissued an “outperform” rating on shares of MSG Networks in a research report on Monday, April 10th. ValuEngine lowered shares of MSG Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of MSG Networks from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 5th. Morgan Stanley increased their price objective on shares of MSG Networks from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Finally, Jefferies Group LLC increased their price objective on shares of MSG Networks from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.22.

MSG Networks (NYSE:MSGN) traded up 0.45% during midday trading on Monday, hitting $22.15. 261,241 shares of the stock traded hands. The firm has a market cap of $1.66 billion, a P/E ratio of 9.50 and a beta of 0.78. MSG Networks has a 1-year low of $14.73 and a 1-year high of $25.30. The company has a 50-day moving average price of $22.37 and a 200-day moving average price of $22.42.

MSG Networks (NYSE:MSGN) last issued its quarterly earnings data on Friday, May 5th. The company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.01. MSG Networks had a negative return on equity of 16.20% and a net margin of 26.21%. The firm had revenue of $183.20 million during the quarter, compared to analyst estimates of $182.81 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. MSG Networks’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that MSG Networks will post $2.21 EPS for the current year.

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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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