MSG - The Madison Square Garden Company

NYSE - Nasdaq Real Time Price. Currency in USD
270.47
+1.83 (+0.68%)
As of 1:53PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close268.64
Open268.50
Bid269.89 x 800
Ask270.60 x 2200
Day's Range267.01 - 271.20
52 Week Range240.33 - 317.70
Volume189,896
Avg. Volume216,493
Market Cap6.426B
Beta (3Y Monthly)0.42
PE Ratio (TTM)563.48
EPS (TTM)0.48
Earnings DateOct 30, 2019 - Nov 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est354.49
Trade prices are not sourced from all markets
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    Cirque du Soleil to hit Chicago with group's first-ever holiday spectacle

    Renowned for producing all kinds of tented theatrical spectacles, Cirque is moving into the holiday entertainment arena.

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    The New York Knicks and Hospital for Special Surgery Announce Renewed and Expanded Multi-Year Marketing Partnership

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  • GuruFocus.com

    Mario Gabelli Comments on Madison Square Garden Co.

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    Mario Gabelli's Gabelli Asset Fund 2nd-Quarter Shareholder Commentary

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  • Thomson Reuters StreetEvents

    Edited Transcript of MSG earnings conference call or presentation 20-Aug-19 12:30pm GMT

    Q4 2019 Madison Square Garden Co Earnings Call

  • MarketWatch

    MSG Networks' board OKs share buyback

    MSG Networks Inc. shares rose more than 9% in the extended session Thursday after the operator of regional sports and entertainment networks spun off from Madison Square Garden Co. said its board of directors has authorized a $300 million stock buyback program. That brings MSG Networks' available authorization to $436 million, the company said. The company also said it plans a modified Dutch auction to buy up to $250 million in shares at a per-share price between $15.00 and $17.50. "MSG Networks has a strong balance sheet and generates robust free cash flow, which we will use to execute a stock repurchase program that provides us with flexibility to take advantage of market opportunities. We understand the media landscape is evolving, but remain confident in the long-term prospects for our business and our continued ability to create value for shareholders," Chief Executive Andrea Greenberg said in a statement. The stock ended the regular trading day up 1.2%.

  • GlobeNewswire

    Gregg Seibert, Vice Chairman of The Madison Square Garden Company, MSG Networks and AMC Networks, to Participate in Bank of America Merrill Lynch Conference

    NEW YORK, Aug. 28, 2019 -- The Madison Square Garden Company (NYSE: MSG), MSG Networks Inc. (NYSE: MSGN) and AMC Networks Inc. (NASDAQ: AMCX) today announced that Vice.

  • Investors aren't happy with MSG chief's costly orb project, report says
    American City Business Journals

    Investors aren't happy with MSG chief's costly orb project, report says

    Investors aren't thrilled with the mounting costs associated with James Dolan’s plans to build futuristic orb-like entertainment amphitheaters. Dolan, who is CEO of the Madison Square Garden Co., has been overseeing the construction of the so-called "MSG Sphere" in Las Vegas, which is expected to debut in 2021. A second "MSG Sphere" is being planned for London by 2022.

  • Jim Dolan’s Week Gets Worse as Subscribers Flee Knicks Channel
    Bloomberg

    Jim Dolan’s Week Gets Worse as Subscribers Flee Knicks Channel

    (Bloomberg) -- Jim Dolan is having a bad week, and the Knicks’ season hasn’t even started yet.On Wednesday, MSG Networks Inc., the sports-channel operator where Dolan is executive chairman, said its subscribers shrank by 6.5% last quarter, or more than twice the rate of the broader pay-TV industry. The subscriber losses sent the company’s shares tumbling as much as 14%, their biggest drop ever.David Joyce, an analyst at Evercore ISI, downgraded the stock, citing “dramatic subscriber losses.”“We are incrementally concerned about the subscriber trends and affiliate revenue impacts,” Joyce said in a note to clients.The stock decline came a day after shares of Madison Square Garden Co., a separate live-entertainment company also led by Dolan, had a record decline after it disclosed the steep cost of building a new venue in Las Vegas.Consumers are dropping their cable-TV subscriptions in favor of cheaper online options, threatening the futures of cable-channel owners like MSG Networks that rely on collecting subscriber fees to grow their profits. Sports channels have become especially vulnerable in the era of cord-cutting, as TV distributors create cheaper packages that don’t include them.MSG Networks disclosed the subscriber losses while reporting fourth-quarter revenue and profits that fell short of analysts’ expectations.Four years ago, the Dolans shifted the sports channels, which air New York Knicks and New York Rangers games, into a company separate from those famous sports franchises and venues like Madison Square Garden and Radio City Music Hall.To contact the reporter on this story: Gerry Smith in New York at gsmith233@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Madison Square Garden's (MSG) Earnings Miss Estimates in Q4
    Zacks

    Madison Square Garden's (MSG) Earnings Miss Estimates in Q4

    Madison Square Garden's (MSG) top line in fourth-quarter fiscal 2019 was impacted by the Entertainment and Sports segments' dismal performance.

  • Is Madison Square Garden (NYSE:MSG) A Risky Investment?
    Simply Wall St.

    Is Madison Square Garden (NYSE:MSG) A Risky Investment?

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Stock Market Today: Beyond Meat Makes a Friend on Wall Street
    InvestorPlace

    Stock Market Today: Beyond Meat Makes a Friend on Wall Street

    The bullish start to the week fizzled out on Tuesday, despite mostly-optimistic chatter. Credit Suisse's "recession dashboard" says there's not one in sight. "Key signals such as labor and credit trends remain quite healthy," explains Credit Suisse chief U.S. equity strategist Jonathan Golub.And, while he laments it, fund manager Kyle Bass made the case that central banks are going to continue doing anything and everything they can to keep the global economy propped up. JPMorgan's global head of quantitative and derivatives strategy Marko Kolanovic even went as far as saying last week's temporary inversion of the yield curve wasn't the cause for worry it might normally be.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDisruption in Europe may have been the crux of the weakness. The United Kingdom may postpone the selection of the Bank of England's next governor until after Brexit, though Brexit itself remains up in the air. In Italy, Prime Minister Giuseppe Conte announced his resignation, simultaneously criticizing Deputy Prime Minister Matteo Salvini for calling for the no-confidence vote that led to his exit.Both cast a cloud of uncertainty over Europe, which was already struggling to maintain economic growth. * 10 Undervalued Stocks With Breakout Potential All told, the S&P 500 snapped a three-day win streak with its 0.53% setback on Tuesday. The Dow Jones Industrial Average wasn't quite as damaged, falling 0.37%, while the NASDAQ Composite ended the day 0.45% lower. Top News in the Stock Market TodayIt had little impact on shares, but it's a developing story that could matter more in the future. That is, on Tuesday, a string of personnel exits from the healthcare arm being developed by Apple (NASDAQ:AAPL) was thrust into the spotlight. The report named six key people who'd left the company in recent months, reportedly frustrated about the direction Apple's health business was moving. Some employees interviewed anonymously suggested tensions had been mounting for some time. The disruption calls into question how much traction Apple's health initiatives will garner in the foreseeable future.Walt Disney Company (NYSE:DIS) joined General Electric (NYSE:GE) as a recent accusee of misleading accounting, though in this case, the red flag is being waved by a former insider. Sandra Kuba, formerly a senior financial analyst with Disney that was terminated in 2017, suggested the entertainment giant had habitually reported more revenue than it had actually generated. Kuba went as far as to formally inform the Securities and Exchange Commission.Walt Disney denied the accusation, and given the small gain DIS stock mustered on an otherwise bearish day, investors aren't concerned.Investors are concerned about Sarepta Therapeutics (NASDAQ:SRPT), however, after the Food and Drug Administration responded to its most recent drug approval request with less than open arms. The FDA sent a so-called Complete Response Letter to Sarepta regarding concerns and questions it had about its Duchenne muscular dystrophy drug that's been in development for years.The letter is not a rejection, but it does suggest the FDA is so far unconvinced that the drug is worth greenlighting. SRPT stock fell more than 15% on the news. Big MoversDespite its clear capacity to put and keep itself in the spotlight, "meatless" meat company Beyond Meat (NASDAQ:BYND) hasn't impressed the analyst community. Until Tuesday, no analyst was willing to call the stock a "Buy" … that is, until today. JPMorgan analyst Ken Goldman upgraded BYND stock to that rating, explaining "We are encouraged that velocity -- sales per distribution point -- has been the primary driver of recent acceleration, as it suggests the products are catching on with consumers."The call pushed Beyond Meat shares up by more than 6%.It's not much of a household name, but for households that own a piece of electronics manufacturer Cemtrex (NASDAQ:CETX), that stake is worth 36% more today. Shares jumped nearly 30% in regular-hours action on Tuesday following an impressive second quarter report that saw an additional 6% advance in after-hours action. The promise of real profits within the next few quarters fanned the bullish flames.Not every big mover was necessarily a winner though. Madison Square Garden (NYSE:MSG) tumbled nearly 9% after the company's second-quarter bottom line fell short of estimates. Its new project in Las Vegas is proving costly but not fruitful.As of the time of this writing, James Brumley did not hold a position in any of the aforementioned securities. To learn more about James, visit his site at jamesbrumley.com, or follow him on twitter at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Stock Market Today: Beyond Meat Makes a Friend on Wall Street appeared first on InvestorPlace.

  • Benzinga

    Madison Square Garden Trades Lower On Q4 Earnings Miss

    The Madison Square Garden Co (NYSE: MSG ) shares are trading lower after the company reported worse-than-expected fourth-quarter EPS and sales results . The company reported losses of $3.08 per share, ...

  • Madison Square Garden Co (MSG) Q4 2019 Earnings Call Transcript
    Motley Fool

    Madison Square Garden Co (MSG) Q4 2019 Earnings Call Transcript

    MSG earnings call for the period ending June 30, 2019.

  • Madison Square Garden Tumbles on Quarterly Miss
    Investing.com

    Madison Square Garden Tumbles on Quarterly Miss

    Investing.com - Madison Square Garden (NYSE:MSG) slumped on Tuesday after its fiscal fourth-quarter earnings failed to meet forecasts due to weakness in its sports business.

  • Bloomberg

    Madison Square Garden’s Vegas Misadventure Sends Shares Plunging

    (Bloomberg) -- Madison Square Garden Co.’s big Las Vegas bet has investors sweating.Shares of the New York live-entertainment company fell their most ever after it disclosed the steep cost of building a new venue in the gambling mecca.The stock fell as much as 9.3% to $266, hitting its lowest mark since January.Investors were jarred by potential cost overruns of a concert and event venue called the Las Vegas Sphere. MSG approved a preliminary construction budget of $1.2 billion, but a contractor estimated the expense would be $1.7 billion.If the actual cost is “somewhere in the middle,” that’s still higher than Wall Street estimates, said David Joyce, an analyst at Evercore ISI.Even $1.2 billion would dwarf the budget of other venues. Las Vegas’s T-Mobile Arena, which opened just down the street in 2016, cost $375 million.MSG plans to open the high-tech Las Vegas venue in 2021. It will host concerts, product launches, award shows and sporting events and feature an interior display the size of three football fields, the company said.Spinoff PlanMeanwhile, MSG, led by Executive Chairman and Chief Executive Officer Jim Dolan, is still looking to spin off its pro-sports franchises, including the New York Knicks and New York Rangers, believing it can wring more value from the iconic teams if they’re an independent business.The proposal would split off the sports teams from MSG’s live-entertainment operations, which would keep famous venues such as Madison Square Garden and Radio City Music Hall, as well as a hospitality group, a music festival producer and about $1 billion in cash.On Tuesday, the company said the spinoff process “is taking longer than expected” and it was committed to completing it in the first quarter of 2020.The high construction costs in Las Vegas and the additional waiting period for the spinoff are likely to weigh on the company’s shares, Joyce said.MSG shares are now roughly flat this year, compared with a 16% gain for the S&P 500 Index.To contact the reporter on this story: Gerry Smith in New York at gsmith233@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The Madison Square Garden Company (MSG) Reports Q4 Loss, Misses Revenue Estimates
    Zacks

    The Madison Square Garden Company (MSG) Reports Q4 Loss, Misses Revenue Estimates

    The Madison Square Garden Company (MSG) delivered earnings and revenue surprises of -31.62% and -4.42%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Madison Square Garden reports wider loss as revenue falls more than expected

    Madison Square Garden Co. reported Tuesday a wider fiscal fourth-quarter loss and revenue that fell more than expected, amid weakness in its MSG Sports business. The stock was still inactive in premarket trading. The net loss for the quarter to June 30 was $73.2 million, or $3.08 a share, after a loss of $46.1 million, or $1.94 a share, in the same period a year ago. The FactSet consensus for net EPS was $2.71. Revenue fell 17% to $263.6 million, below the FactSet consensus of $270.1 million. MSG Entertainment revenue slipped 6% to $174.0 million, above the FactSet consensus of $172.5 million, and MSG Sports revenue dropped 32% to $90.0 million to miss expectations of $102.1 million. MSG said the decrease in revenue was primarily due to the impact of ASC Topic 606, a new accounting standard for revenue from contracts with customers, partially offset by higher event-related revenue from other live sporting events. "Looking ahead, we remain confident in the strength of our core businesses and expect fiscal 2020 to be an important year as we work to complete the proposed sports spin-off and begin to usher in the company's next chapter, with MSG Sphere in Las Vegas starting to take shape," said Chief Executive James Dolan. The stock has gained 9.6% year to date, while the S&P 500 has rallied 16.6%.

  • GlobeNewswire

    The Madison Square Garden Company Reports Fourth Quarter and Fiscal 2019 Results

    NEW YORK, Aug. 20, 2019 -- The Madison Square Garden Company (NYSE: MSG) today reported financial results for the fourth quarter and fiscal year ended June 30, 2019. For.

  • ACCESSWIRE

    The Madison Square Garden Co. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / August 20, 2019, 2018 / The Madison Square Garden Co. (NYSE: MSG ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on August 20, 2019 ...

  • TheStreet.com

    [video]Madison Square Garden Company Posts Wider-Than-Expected Loss

    MSG also disclosed potentially steep construction costs at its Las Vegas project, which it plans to open in 2021.

  • Madison Square Garden (MSG) to Post Q4 Earnings: What's Up?
    Zacks

    Madison Square Garden (MSG) to Post Q4 Earnings: What's Up?

    The Madison Square Garden (MSG) fourth-quarter fiscal 2019 results are likely to be hurt due to the Sports and Entertainment business' dismal performance.

  • GlobeNewswire

    The Madison Square Garden Company Reschedules Fiscal 2019 Fourth Quarter Conference Call

    NEW YORK, Aug. 14, 2019 -- The Madison Square Garden Company (NYSE: MSG) announced today that its fiscal 2019 fourth quarter earnings conference call has been rescheduled to.

  • GlobeNewswire

    The Madison Square Garden Company to Host Fiscal 2019 Fourth Quarter Conference Call

    NEW YORK, Aug. 13, 2019 -- The Madison Square Garden Company (NYSE: MSG) will host a conference call to discuss results for its fiscal fourth quarter ended June 30, 2019 on.