Atlanta Braves (BATRA) Expected to Announce Earnings on Monday

Atlanta Braves (NASDAQ:BATRA) will likely be posting its quarterly earnings results before the market opens on Monday, May 12th. Analysts expect Atlanta Braves to post earnings of ($0.94) per share and revenue of $36.87 million for the quarter.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. On average, analysts expect Atlanta Braves to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Atlanta Braves Price Performance

NASDAQ BATRA opened at $43.49 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $2.69 billion, a P/E ratio of -59.58 and a beta of 0.61. The company has a 50-day moving average price of $42.90 and a 200-day moving average price of $42.33. Atlanta Braves has a 52 week low of $38.67 and a 52 week high of $46.65.

Insider Buying and Selling

In other news, major shareholder John C. Malone acquired 38,452 shares of Atlanta Braves stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the completion of the purchase, the insider now directly owns 254,428 shares in the company, valued at approximately $10,248,359.84. This trade represents a 17.80 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have purchased 122,632 shares of company stock valued at $5,072,723. 4.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $60.00 price target on shares of Atlanta Braves in a research report on Thursday, February 27th.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.