Atlanta Braves (BATRA) Projected to Release Earnings on Wednesday

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

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.48). The company had revenue of $305.12 million for the quarter, compared to analyst estimates 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 Stock Up 1.0%

BATRA opened at $55.29 on Tuesday. The firm’s fifty day moving average price is $56.26 and its 200 day moving average price is $52.58. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.06. Atlanta Braves has a 12-month low of $41.50 and a 12-month high of $60.48.

Insider Buying and Selling

In related news, EVP Gregory Heller sold 80,263 shares of the firm’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 transaction, the executive vice president directly owned 22,741 shares in the company, valued at $1,225,512.49. This trade represents a 77.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 Atlanta Braves stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $53.20, for a total transaction 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. This represents a 35.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

About Atlanta Braves

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.