16.38 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||16.40 x 1400|
|Ask||16.41 x 800|
|Day's Range||16.08 - 16.56|
|52 Week Range||13.73 - 28.13|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||6.66|
|Earnings Date||Oct 31, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.86|
As it celebrates its 50th anniversary, MSG Networks will roll out a new tagline (“Live Since 1969”) and programming this week. The RSN’s celebration will have many of the same trappings as other network anniversaries — complete with classic games and special programming. “Our plan is less about celebrating 50 years and more about focusing on innovation,” said Kevin Marotta, MSG Network’s senior vice president of marketing and content strategy.
MSG Networks Inc. (“MSG Networks” or the “Company”) (MSGN) today announced the final results of its modified Dutch auction tender offer, which expired at 12:00 midnight, New York City time, on September 27, 2019. Based on the final count by Equiniti Trust Company, the depositary for the tender offer (the “Depositary”), MSG Networks has accepted for purchase 14,980,092 shares of its Class A common stock, par value $0.01 per share (the “Class A Shares”), at a price of $16.70 per Class A Share, for an aggregate cost of approximately $250,167,536, excluding fees and expenses relating to the tender offer.
MSG Networks Inc. (“MSG Networks” or the “Company”) (MSGN) today announced the preliminary results of its modified Dutch auction tender offer, which expired at 12:00 midnight, New York City time, on September 27, 2019. Based on the preliminary count by Equiniti Trust Company, the depositary for the tender offer (the “Depositary”), a total of 14,980,092 shares of MSG Networks’ Class A common stock, par value $0.01 per share (the “Class A Shares”), were properly tendered and not properly withdrawn at or below the purchase price of $16.70 per Class A Share, including 7,515,909 Class A Shares that were tendered by notice of guaranteed delivery.
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.
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%.
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.
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 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) 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?
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 ...
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.
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 ...
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. 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%.