Atlanta Braves (NASDAQ:BATRA) Releases Earnings Results, Beats Expectations By $0.47 EPS

Atlanta Braves (NASDAQ:BATRA) issued its earnings results on Wednesday. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.47, Zacks reports. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million.

Atlanta Braves Trading Down 1.1 %

BATRA traded down $0.49 during trading on Thursday, reaching $42.66. The company had a trading volume of 1,712 shares, compared to its average volume of 51,317. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.70 and a current ratio of 0.70. Atlanta Braves has a 12-month low of $38.90 and a 12-month high of $46.65. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -58.49 and a beta of 0.80. The firm’s 50-day simple moving average is $41.72 and its 200 day simple moving average is $42.62.

Insiders Place Their Bets

In other Atlanta Braves news, major shareholder John C. Malone purchased 15,192 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were acquired at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the acquisition, the insider now owns 146,020 shares of the company’s stock, valued at $5,931,332.40. This represents a 11.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 44,932 shares of company stock worth $1,864,395 over the last ninety days. 4.83% of the stock is currently owned by company insiders.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.