286.97 0.00 (0.00%)
After hours: 4:16PM EDT
|Bid||286.72 x 0|
|Ask||287.00 x 800|
|Day's Range||284.71 - 288.98|
|52 Week Range||240.33 - 325.96|
|Beta (3Y Monthly)||0.37|
|PE Ratio (TTM)||176.81|
|Earnings Date||Aug 14, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||363.34|
This All-New Family Theatrical Will Make Its Debut At The Madison Square Garden Company’s Venues:The Chicago Theatre and Hulu Theater at Madison Square Garden THE LIMITED.
(Bloomberg) -- A chunk of New York City plunged into darkness for hours as 72,000 customers on Manhattan’s West Side lost power on the anniversary of the historic 1977 blackout. Energy supply has since been fully restored, Governor Andrew Cuomo said.The outage on Saturday night affected an area stretching from Fifth Ave. to the Hudson River, and from West 42nd through 71st streets, an area that includes Times Square and Central Park. Subway services to as far away as Brooklyn, Queens and the Bronx were disrupted as the power failure took a toll on the “entire system.”“While this situation was luckily contained, the fact that it happened at all is unacceptable,” Cuomo said in a briefing before he headed to a substation that caused the outage. He’s directed “a full and thorough investigation into the cause of tonight’s blackout and we will hold all parties accountable in ensuring this does not happen again,” he added.A substation explosion and fire that created a surge was the cause of the outage, in turn affecting four other substations, Cuomo said earlier in the evening, citing an update he received from Consolidated Edison Inc. or ConEd, the city’s utility. He said no passengers were stranded on trains and there have been no reports of injuries so far.Singer Jennifer Lopez canceled her concert at Madison Square Garden and said people were evacuated from the venue. The outage also caused all but three Broadway theaters to close, the New York Police Department’s Times Square Command said.The power failure happened on the 42nd anniversary of the infamous blackout that left most of the city without power. The outage led to widespread looting and arson that cost an estimated $310 million in damages, the New York Times reported.(Updates with Governor Cuomo’s comments in third paragraph.)\--With assistance from Aibing Guo.To contact the reporters on this story: Shoko Oda in Tokyo at firstname.lastname@example.org;Will Wade in New York at email@example.comTo contact the editors responsible for this story: Matthew G. Miller at firstname.lastname@example.org, Linus Chua, Shamim AdamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into the latest news from the world of legalized sports gambling and esports.
(Bloomberg) -- Wall Street has begun to question the logic driving frequent swings in shares of Madison Square Garden Co. and its affiliated TV network.Fan and investor sentiment often triggers a knee-jerk reaction in the stocks, whether it’s about the New York Knicks’ record, free agency prospects, advertising, attendance and viewership, or even potential picks for the National Basketball Association’s draft lottery.A marginal move in the shares based on what Madison Square Garden chief executive officer James Dolan and the Knicks do on and off the court “comes and goes,” Evercore ISI analyst David Joyce said in an interview. But when there are sharp sell-offs as emotions overpower logic on short-sighted headlines, other investors can “take advantage of that when they realize it’s a franchise that’s not going away.”Read more: Dolan’s Free Agency Whiff on Durant, Irving Pains MSG HoldersVolume in MSG Networks Inc. shares has been elevated every time the Knicks -- or even a potential free agent target -- have been in the news. Three of the heaviest trading sessions in the last two months coincided with updates for what could have been. Investors positioned around a potential shot to draft Zion Williamson, then the NBA Finals game when superstar Kevin Durant went down with an Achilles injury, and when the team’s free agency hopes went up in flames.Declining ratings for TV networks and a number of other moving parts contribute to what molds the media asset, which was speculated to be a takeover target for billionaire John Malone earlier in the year. The combination of news and events has led to MSG Networks’ underperformance so far this year with the stock down roughly 12%, compared to an 19% climb for the S&P 500 Index and a 5.6% gain in Madison Square Garden shares.While adding a pair of NBA All-Stars would have helped MSG Networks stabilize a decline in ratings, “at the end of the day, it’s about the team’s performance,” BTIG LLC analyst Brandon Ross said. Even so, management’s focus on short-term, lower-cost deals may portend well for the future as the NBA landscape continues to shift, he said.For investors in Madison Square Garden, its location in a high-traffic tourism area of New York City makes it “recession-resilient,” Evercore’s Joyce said. The arena tends to be near sell-out capacity for Knicks and Rangers hockey games “no matter how the teams are doing because there’s a unique entertainment aspect.”Read more: Oakley Feeds MSG Rumor Mill With Remark on Bezos Eyeing KnicksWhile the Rangers ended the 2019 season among the league’s bottom-feeders and the Knicks finished with an NBA-low 17 wins, a better-equipped team that could bring back playoff basketball would obviously be well received. “But those are just marginal ebbs and flows, because the majority of the valuation is based on the venue and its location,” Joyce said.(Updates share moves in 5th paragraph.)To contact the reporters on this story: Bailey Lipschultz in New York at email@example.com;Kamaron Leach in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Madison Square Garden (MSG) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Looking at The Madison Square Garden Company's (NYSE:MSG) earnings update in March 2019, analysts seem fairly...
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NEW YORK, June 10, 2019 -- The Madison Square Garden Company (NYSE:MSG) today announced that 25-year entertainment industry veteran, Jennifer Vogt, will join MSG as President,.
The Madison Square Garden Company (MSG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Today we'll look at The Madison Square Garden Company (NYSE:MSG) and reflect on its potential as an investment...
The Madison Square Garden Company (MSG) today announced that it has engaged AECOM (ACM) to serve as general contractor for MSG Sphere at The Venetian, MSG’s state-of-the-art entertainment venue currently under construction in Las Vegas.
G.research will host its 11th Annual Entertainment & Broadcasting Conference on June 6 in New York City. This research meeting will feature presentations by senior management of leading broadcasting and entertainment companies, with an emphasis on industry dynamics, new technologies, and company fundamentals.
NEW YORK, May 13, 2019 -- The Madison Square Garden Company (NYSE:MSG) today announced Johnson Controls as the official and exclusive fire protection partner of Madison Square.
Madison Square Garden's (MSG) top line in third-quarter fiscal 2019 gains from the Madison Square's Entertainment and Sports segments' impressive performance.
Higher passenger ticket revenues lead to Norwegian Cruise Line's (NCLH) top line increasing year over year in the first quarter of 2019.
The Madison Square Garden Company (MSG) delivered earnings and revenue surprises of 7.25% and -1.60%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, May 08, 2019 -- The Madison Square Garden Company (NYSE: MSG) today reported financial results for the fiscal third quarter ended March 31, 2019..
Does The Madison Square Garden Company (MSG) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Madison Square Garden Company (MSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.