Needham & Company Reiterates a 'Buy' on Madison Square Garden (MSG); Q3 Preview; Revising Upward on Pro Teams Success
Get Alerts MSG Hot Sheet
Price: $237.22 --0%
Rating Summary:
15 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
15 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Needham & Company reiterates a 'Buy' on Madison Square Garden (NASDAQ: MSG) price target of $37.00.
Analyst, Laura Martin, said, "We expect that MSG will report revenue of $348mm (up 5% y/y and no change to our prior estimates), Adjusted Operating Cash Flow (AOCF) of $36mm (down 35% y/y and 24% above our previous estimates of
$29mm), and EPS of $0.10 (down 59% y/y and well above our previous estimate of $0.01). Driving these upward revisions are MSG’s professional sports teams, which have been experiencing success on the basketball court and on the ice."
Martin raises FY12 EPS estimates from $0.73 to $0.85.
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 $34.20 yesterday.
Analyst, Laura Martin, said, "We expect that MSG will report revenue of $348mm (up 5% y/y and no change to our prior estimates), Adjusted Operating Cash Flow (AOCF) of $36mm (down 35% y/y and 24% above our previous estimates of
$29mm), and EPS of $0.10 (down 59% y/y and well above our previous estimate of $0.01). Driving these upward revisions are MSG’s professional sports teams, which have been experiencing success on the basketball court and on the ice."
Martin raises FY12 EPS estimates from $0.73 to $0.85.
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 $34.20 yesterday.
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