Atlanta Braves (BATRA) Expected to Announce Quarterly Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) 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:BATRA) last posted its earnings results on Monday, May 11th. The financial services provider reported ($0.63) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate 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 Stock Performance

BATRA opened at $54.41 on Monday. Atlanta Braves has a fifty-two week low of $41.50 and a fifty-two week high of $58.37. The firm has a market capitalization of $3.42 billion, a PE ratio of -151.14 and a beta of 0.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.46 and a quick ratio of 0.46. The company’s 50-day moving average is $55.28 and its 200 day moving average is $50.85.

Hedge Funds Weigh In On Atlanta Braves

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of Atlanta Braves in the first quarter valued at approximately $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Atlanta Braves by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 234 shares during the period. Jane Street Group LLC purchased a new position in Atlanta Braves in the first quarter worth $385,000. Legal & General Group Plc boosted its position in Atlanta Braves by 8.3% in the second quarter. Legal & General Group Plc now owns 8,007 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 614 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Atlanta Braves by 1,873.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 513 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 487 shares during the period. Institutional investors own 12.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BATRA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, July 17th. Zacks Research downgraded 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 given a Sell rating to the stock. Based on data from MarketBeat, Atlanta Braves presently has an average rating of “Reduce”.

About Atlanta Braves

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.