Atlanta Braves (BATRA) Projected to Announce Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRAGet Free Report) is projected to post its results before the market opens on Wednesday, August 5th. Analysts expect the company to announce earnings of $0.3060 per share and revenue of $316.6480 million for the quarter.

Atlanta Braves (NASDAQ:BATRAGet Free Report) last released its earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.09. Atlanta Braves had a negative net margin of 2.97% and a positive return on equity of 0.25%. The company had revenue of $72.01 million for the quarter, compared to analyst estimates of $68.69 million. On average, analysts expect Atlanta Braves to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlanta Braves Trading Down 0.4%

NASDAQ BATRA traded down $0.21 during mid-day trading on Wednesday, reaching $54.81. 6,559 shares of the stock were exchanged, compared to its average volume of 61,792. The business’s fifty day simple moving average is $55.22 and its 200 day simple moving average is $50.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.46 and a current ratio of 0.46. Atlanta Braves has a 1-year low of $41.50 and a 1-year high of $58.37. The stock has a market capitalization of $3.45 billion, a PE ratio of -152.26 and a beta of 0.63.

Institutional Trading of Atlanta Braves

A number of institutional investors have recently added to or reduced their stakes in BATRA. EverSource Wealth Advisors LLC grew its stake in shares of Atlanta Braves by 1,873.1% in the second quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after buying an additional 487 shares in the last quarter. State of Wyoming acquired a new stake in Atlanta Braves in the second quarter valued at approximately $70,000. Quarry LP purchased a new stake in shares of Atlanta Braves during the third quarter valued at approximately $74,000. CIBC Private Wealth Group LLC raised its stake in shares of Atlanta Braves by 145.5% during the third quarter. CIBC Private Wealth Group LLC now owns 1,726 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 1,023 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Atlanta Braves by 35.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,774 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 463 shares in the last quarter. 12.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BATRA has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research report on Friday, July 17th. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

View Our Latest Analysis on BATRA

About Atlanta Braves

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The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.

Further Reading

Earnings History for Atlanta Braves (NASDAQ:BATRA)

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