Needham & Company Reiterates a 'Buy' on Madison Square Garden (MSG); Q4 Review
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Price: $237.22 --0%
Rating Summary:
15 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Madison Square Garden (NASDAQ: MSG) price target of $44.00.
Analyst, Laura Martin, said, "MSG beat estimates, reporting revenue, AOCF and EPS well above our and consensus estimates. All 3 business Segments delivered strong results as a result of contributions from both professional sports teams and the success each is realizing, resulting in higher ratings and higher ad revenue...We maintain our FY13 revenue estimate of $1.35B, but we lower our FY13 EPS to $1.34 to reflect 4Q12 actual results and management comments made on the earnings call, causing us to increase our estimates for depreciation expense in FY13."
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 $41.52 yesterday.
Analyst, Laura Martin, said, "MSG beat estimates, reporting revenue, AOCF and EPS well above our and consensus estimates. All 3 business Segments delivered strong results as a result of contributions from both professional sports teams and the success each is realizing, resulting in higher ratings and higher ad revenue...We maintain our FY13 revenue estimate of $1.35B, but we lower our FY13 EPS to $1.34 to reflect 4Q12 actual results and management comments made on the earnings call, causing us to increase our estimates for depreciation expense in FY13."
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 $41.52 yesterday.
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