Needham & Company Maintains a 'Buy' on Madison Square Garden (MSG); Raising Estimates
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Price: $61.06 +0.63%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade MSG Now!
Needham & Company maintains a 'Buy' on Madison Square Garden (NASDAQ: MSG) price target of $44.00.
Analyst, Laura Martin, raises estimates for Q4, saying, "We expect that MSG will report revenue of $269mm (up 15% y/y and 3% above our prior estimates), Adjusted Operating Cash Flow (AOCF) of $56mm (up 37% y/y and 2% above our previous estimates), and EPS of $0.20 (up over 4Q11 EPS of $0.11 and $0.01 above our previous estimate)...We now expect FY13 revenue of $1.35B, up 11% y/y and 1.7% above our previous estimates, and EPS of $1.39, up 15% y/y and $0.01 above our previous estimates."
For an analyst ratings summary and ratings history on Madison Square Garden click here. For more ratings news on Madison Square Garden click here.
Shares of Madison Square Garden closed at $37.44 yesterday, with a 52 week range of $21.12-$38.90.
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Analyst, Laura Martin, raises estimates for Q4, saying, "We expect that MSG will report revenue of $269mm (up 15% y/y and 3% above our prior estimates), Adjusted Operating Cash Flow (AOCF) of $56mm (up 37% y/y and 2% above our previous estimates), and EPS of $0.20 (up over 4Q11 EPS of $0.11 and $0.01 above our previous estimate)...We now expect FY13 revenue of $1.35B, up 11% y/y and 1.7% above our previous estimates, and EPS of $1.39, up 15% y/y and $0.01 above our previous estimates."
For an analyst ratings summary and ratings history on Madison Square Garden click here. For more ratings news on Madison Square Garden click here.
Shares of Madison Square Garden closed at $37.44 yesterday, with a 52 week range of $21.12-$38.90.
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