Maxim Group Maintains a 'Hold' on Madison Square Garden (MSG); Q4 Preview

Maxim Group maintains a 'Hold' on Madison Square Garden (NASDAQ: MSG).

Analyst, John Tinker, said, "We estimate 4Q12 revenue of $248.8M (up 6.4% y/y), and our EBITDA estimate is $54.4M (up 33.1% y/y), compared to consensus estimates of $267.1M and $53.8M...We are forecasting EBITDA margins of 21.9%, vs. 17.5% in 4Q11. EBITDA margins have increased over the last two years with higher MSG affiliate fees and advertising revenues, slightly offset by the increased cost of new Fuse programming and NBA revenue shares and higher salary costs kicking in."

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 $39.32 yesterday.

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