NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal first quarter ended September 30, 2022. The Company is off to a strong start to the fiscal year. With the New York Knicks (“Knicks”) and New York Rangers ("Rangers") 2022-23 regular seasons now underway, the Company continues to experience positive operating momentum across its key revenue categories, with highlights this fiscal year so far including: Combined average season ticket renewal rates for the Knicks and Rangers are in excess of 90% for the 2022-23 seasons wh...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Thursday, October 27, 2022 before the market opens, reporting results for its fiscal first quarter ended September 30, 2022. The Company is returning to its previously disclosed schedule of hosting two earnings conference calls per year, one for its fiscal second quarter and one for its fiscal fourth quarter – which allows for a mid-season update, followed by a full-season review. Therefore, the Company will not hold an earnings conference call this quarter. About Madison Square Garden S...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (“MSG Sports”) (NYSE: MSGS) today announced its Board of Directors has declared a special, one-time cash dividend of approximately $175 million, or $7.00 per share. The special dividend is payable on October 31, 2022 to MSG Sports shareholders of record on October 17, 2022. In addition, the Company’s Board of Directors has authorized a $75 million accelerated share repurchase (ASR) program, which the Company believes is prudent given the current trading price of its common stock relative to the intrinsic value of the Company’s prof...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports”) today announced that Andrew Lustgarten, MSG Sports’ President and Chief Executive Officer, is stepping down from his position at the end of the calendar year, and will join MSG Sports’ Board of Directors, effective January 1, 2023. In addition, the Company announced that David Hopkinson, who joined MSG Sports in 2020 as Executive Vice President MSG Sports, President of Team Business Operations, has been named President and Chief Operating Officer, effective immediately. During his successful, 8-year ten...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fourth quarter and fiscal year ended June 30, 2022. The fiscal 2022 fourth quarter was highlighted by the New York Rangers' ("Rangers") participation in the NHL playoffs, which included 10 home playoff games at the Madison Square Garden Arena ("The Garden") and culminated in the team's return to the Eastern Conference Finals. This followed the completion of full 2021-22 regular season schedules for both the New York Knicks (“Knicks”) and Rangers. The Company continued to benefi...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fourth quarter and fiscal year ended June 30, 2022 on Thursday, August 18, 2022 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-660-6386 with the conference ID number 6996895 approximately 10 minutes prior to the call. The call will also be available via webcast at under the heading “Events.” For those who are unable to participate on the conferenc...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal third quarter ended March 31, 2022. During the quarter, the Company continued to benefit from robust consumer and corporate demand at New York Knicks (“Knicks”) and New York Rangers (“Rangers”) regular season games at the Madison Square Garden Arena ("The Garden"), which is reflected in strong results across all key revenue lines. Fiscal 2022 third quarter average per-game revenues across tickets, suites and sponsorship, as well as food, beverage and merchandise per-caps...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal third quarter ended March 31, 2022 on Thursday, May 5, 2022 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 833-942-2482 with the conference ID number 4339507 approximately 10 minutes prior to the call. The call will also be available via webcast at under the heading “Events.” For those who are unable to participate on the conference call, you m...
MADISON SQUARE (US), a company active in the Recreational Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 8, 2022, the closing price was USD 171.74 and its ...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal second quarter ended December 31, 2021. The New York Knicks (“Knicks”) and New York Rangers (“Rangers”) began their 2021-22 regular seasons in October, which include full season schedules and no capacity restrictions at the Madison Square Garden Arena ("The Garden"). The Company is seeing positive results across its key revenue lines driven by robust consumer and corporate demand. For the fiscal 2022 second quarter, regular season average per-game ticket revenue was in l...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2021 on Thursday, February 3, 2022 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 833-942-2482 with the conference ID number 6569519 approximately 10 minutes prior to the call. The call will also be available via webcast at under the heading “Events.” For those who are unable to participate on the conference ca...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) has reported financial results for the fiscal first quarter ended September 30, 2021. In October, the New York Rangers (“Rangers”) and New York Knicks (“Knicks”) began their 2021-22 regular seasons, with full 82-game schedules and no capacity restrictions for home games at the Madison Square Garden Arena (“The Garden”). Both teams are experiencing strong season ticket renewal rates, along with increased corporate sponsorship demand. The Company extended key marketing partnerships with JPMorgan Chase, Anheuser-Busch, L...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2021 on Wednesday, November 10, 2021 at 10:00 a.m. Eastern Time. The Company typically hosts two earnings conference calls per year to discuss results for its fiscal second and fourth quarters, which will remain the Company’s schedule going forward. However, in light of the ongoing fluid operating environment due to the COVID-19 pandemic, the Company is hosting a fiscal first quarter earnings conference call to provide an u...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fourth quarter and fiscal year ended June 30, 2021. The fiscal 2021 fourth quarter was highlighted by the New York Knicks’ (“Knicks”) return to the NBA playoffs. In mid-May, New York State eased capacity restrictions, enabling the team to welcome what was, at that time, the largest indoor crowds to gather in New York State since the start of the pandemic for its three home playoff games at Madison Square Garden Arena (“The Garden”). Prior to the playoffs, both the Knicks and N...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) will host a conference call to discuss results for its fourth quarter and fiscal year ended June 30, 2021 on Thursday, August 19, 2021 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 877-347-9170 with the conference ID number 1098034 approximately 10 minutes prior to the call. The call will also be available via webcast at under the heading “Events.” For those who are unable to participate on the conferenc...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Current market expectations for LGIH are overly pessimistic. Markets expect UAFRS-based ROA (Uniform ROA or ROA') to drop to by roughly half, with growth being cut by two-thirds going forward. The market is not recognizing the secular tailwinds for LGI Homes from its own strategy, or the at-home revolution, and how both will continue to power strong profitability going forward. As one of the last homebuilders making the shift from a regional homebuilder to a national one, LGI Homes has signi...
Madison Square Garden Sports Corp. (MSGS:USA) currently trades at a historical high relative to UAFRS-based (Uniform) assets, with a 23.9x Uniform P/B. At these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about the NBA's amended CBA, fan engagement, and operating cost reductions Specifically, management may have concerns about the potential of their NBA and NHL draft picks, the upcoming NBA media agreement expiration in 2024-2025, and the...
NEW YORK--(BUSINESS WIRE)-- At the start of the first week in which Madison Square Garden can welcome fans in almost a year, members of the New York Rangers and the New York Knicks organizations have joined together to express excitement and gratitude about their return. The teams will play in front of roughly 2,000 fans, beginning with the Knicks on Tuesday, February 23 vs. Golden State, followed by the Rangers on Friday, February 26 vs. Boston. This press release features multimedia. View the full release here: New York Knicks and New York Rangers join together to welcome fans back to Madiso...
NEW YORK--(BUSINESS WIRE)-- Madison Square Garden Sports Corp. (NYSE: MSGS) today reported financial results for the fiscal second quarter ended December 31, 2020. In the fall, the NBA and NHL successfully completed their 2019-20 seasons. Since then, the NBA announced a 72-game, 2020-21 regular season, which started on December 22, 2020. During the fiscal 2021 second quarter, the New York Knicks’ ("Knicks") played nine pre/regular season games as compared to 37 pre/regular season games in the prior year period. The Knicks’ four home games at Madison Square Garden Arena (“The Garden”) during t...
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