Atlanta Braves (BATRA) Projected to Release Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) is anticipated to announce its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.5120 per share and revenue of $344.71 million for the quarter.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.48). The business had revenue of $305.12 million for the quarter, compared to the consensus estimate of $317.09 million. Atlanta Braves had a negative return on equity of 7.45% and a negative net margin of 8.56%. On average, analysts expect Atlanta Braves to post ($0.41) EPS for the current fiscal year and $0.02 EPS for the next fiscal year.

Atlanta Braves Price Performance

Shares of BATRA opened at $54.72 on Monday. The company’s 50-day moving average is $56.29 and its 200-day moving average is $52.52. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $3.44 billion, a PE ratio of -54.18 and a beta of 0.62. Atlanta Braves has a fifty-two week low of $41.50 and a fifty-two week high of $60.48.

Insiders Place Their Bets

In related news, EVP Gregory Heller sold 80,263 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $53.89, for a total transaction of $4,325,373.07. Following the sale, the executive vice president owned 22,741 shares in the company, valued at $1,225,512.49. The trade was a 77.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Derek Gordon Schiller sold 175,395 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $53.20, for a total value of $9,331,014.00. Following the completion of the transaction, the executive vice president directly owned 316,908 shares of the company’s stock, valued at approximately $16,859,505.60. The trade was a 35.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Atlanta Braves has an average rating of “Reduce”.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization’s primary activities include professional baseball operations, game-day ticketing, premium seating, sponsorships, broadcasting and digital media, concessions, licensing, and the sale of team merchandise.

The company also owns and operates Truist Park, the Braves’ home stadium, and The Battery Atlanta, a mixed-use development adjacent to the ballpark.