MSGN - MSG Networks Inc.

NYSE - NYSE Delayed Price. Currency in USD
17.05
-0.17 (-0.99%)
At close: 4:02PM EDT

17.05 0.00 (0.00%)
After hours: 4:17PM EDT

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Previous Close17.22
Open17.08
Bid17.04 x 800
Ask17.05 x 800
Day's Range16.93 - 17.20
52 Week Range13.73 - 28.13
Volume1,082,743
Avg. Volume634,985
Market Cap1.277B
Beta (3Y Monthly)0.61
PE Ratio (TTM)6.93
EPS (TTM)2.46
Earnings DateOct 31, 2019 - Nov 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est18.08
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents

    Edited Transcript of MSGN earnings conference call or presentation 21-Aug-19 2:00pm GMT

    Q4 2019 MSG Networks Inc Earnings Call

  • GlobeNewswire

    Kaskela Law LLC Announces Shareholder Investigation of MSG Networks Inc. and Encourages Investors to Contact the Firm – MSGN

    PHILADELPHIA, Sept. 03, 2019 -- Kaskela Law LLC is investigating MSG Networks Inc. (NYSE: MSGN) on behalf of the company’s shareholders.  The investigation seeks to determine.

  • Why Ambarella, MSG Networks, and Dell Technologies Jumped Today
    Motley Fool

    Why Ambarella, MSG Networks, and Dell Technologies Jumped Today

    Despite a lackluster session for the major benchmarks, these stocks managed to post nice gains on encouraging news.

  • 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

    MSG Networks Increases Stock Buyback Authorization and Announces Details of Planned Modified Dutch Auction Tender Offer

    MSG Networks Inc. (MSGN) today announced that its Board of Directors has authorized a $300 million increase to its existing stock repurchase program, bringing the Company’s total available authorization to approximately $436 million. President and CEO Andrea Greenberg said: “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.

  • 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.

  • MSG Networks (MSGN) Q4 2019 Earnings Call Transcript
    Motley Fool

    MSG Networks (MSGN) Q4 2019 Earnings Call Transcript

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

  • Why Cree, MSG Networks, and Children's Place Slumped Today
    Motley Fool

    Why Cree, MSG Networks, and Children's Place Slumped Today

    Even a strong market couldn't lift these stocks.

  • Why MSG Networks Stock Tumbled Today
    Motley Fool

    Why MSG Networks Stock Tumbled Today

    An across-the-board earnings miss weighed on the shares.

  • 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.

  • MarketWatch

    MSG Networks shares slide 13% after earnings miss

    MSG Networks Inc. shares slid about 13% Wednesday, after the operator of regional sports and entertainment networks posted weaker-than-expected fiscal fourth-quarter earnings. The company, which was spun out of Madison Square Gardens in 2015, said it had net income of $41.2 million, or 54 cents a share, in the quarter to June 30, down from $45.2 million, or 60 cents a share, in the year-earlier period. Revenue fell 3% to $168.4 million. The FactSet consensus was for EPS of 63 cents and revenue of $171 million. Advertising revenue rose by $0.9 million, due to higher sales from the telecast of live professional sports programming, including playoff games, as well as higher sales from branded content. That was partially offset by a lower decline in deferred revenue related to ratings guarantees. Direct operating costs rose 2% to $70.1 million, mostly due to higher rights fees. Selling, general and administrative costs rose 33% to $26.3 million, mostly due to one-time costs, and higher advertising and marketing costs. Shares have fallen 38% in 2019, while the S&P 500 has gained 17%.

  • MSG Networks (MSGN) Lags Q4 Earnings and Revenue Estimates
    Zacks

    MSG Networks (MSGN) Lags Q4 Earnings and Revenue Estimates

    MSG Networks (MSGN) delivered earnings and revenue surprises of -11.48% and -2.39%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • ACCESSWIRE

    MSG Networks, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / August 21, 2019, 2018 / MSG Networks, Inc. (NYSE: MSGN ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on August 21, 2019 at 10:00 ...

  • GlobeNewswire

    MSG Networks Inc. Reports Fourth Quarter and Fiscal 2019 Results

    Fiscal 2019 fourth quarter revenues of $168.4 millionFiscal 2019 fourth quarter operating income of $70.2 millionFiscal 2019 fourth quarter adjusted operating income of $76.4.

  • TheStreet.com

    MSG Networks Stock Gets Nicked on Earnings Miss

    The media arm of the NBA's New York Knicks and NHL's New York Rangers reports soft earnings.

  • Benzinga

    MSG Networks Q4 Earnings Preview

    MSG Networks (NYSE: MSGN ) releases its next round of earnings this Wednesday, August 21. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report. Earnings and Revenue ...

  • 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.

  • 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.

  • 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%.

  • 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.

  • GlobeNewswire

    MSG Networks Inc. Reschedules Fiscal 2019 Fourth Quarter Conference Call

    MSG Networks Inc. (MSGN) announced today that its fiscal 2019 fourth quarter earnings conference call has been rescheduled to Wednesday, August 21, 2019 at 10:00 a.m. Eastern Time due to a scheduling issue. The Company will issue a press release reporting its results prior to the market opening. For those who are unable to participate on the conference call, you may access a recording of the call by dialing 855-859-2056 (conference ID number 4559683).  The call replay will be available from 1:00 p.m. Eastern Time, Wednesday, August 21, 2019 until 11:59 p.m. Eastern Time on Wednesday, August 28, 2019.

  • 6 Stocks with Big Downside as Global Turmoil Spreads
    Investopedia

    6 Stocks with Big Downside as Global Turmoil Spreads

    Investors shaken by the stock market's pullback in August should be on the alert for even steeper declines ahead for six stocks with a range of vulnerabilities, including PayPal Holdings Inc. (PYPL), Dropbox Inc. (DBX), Molson Coors Brewing Company (TAP), MSG Network Inc. (MSGN), Domino’s Pizza Inc. (DPZ), and Dish Network Corp. (DISH). For its part, MSG Network's big challenge is loss of subscribers.