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Atlanta Braves Holdings, Inc. to Report Earnings of $0.25 Per Share in Third Quarter 2024, Seaport Res Ptn (NASDAQ: BATRA) Forecast


Atlanta Braves Holdings, Inc. (NASDAQ:BATRA – Free Report) – Research analysts at Seaport Res Ptn increased their third quarter 2024 EPS estimates for the Atlanta Braves in a research note released on Thursday, May 9 . Seaport Res Ptn analyst D. Joyce now expects the financial services provider to post earnings per share of $0.25 for the quarter, up from his previous estimate of $0.19. The consensus estimate for the Atlanta Braves’ current annual earnings is ($0.69) per share. Seaport Res Ptn also issued estimates for the Atlanta Braves’ fourth-quarter 2024 earnings per share at ($0.43) per share, fiscal 2024 earnings at ($0.69) per share and earnings for fiscal 2025 at ($0.54) per share.

The Atlanta Braves (NASDAQ:BATRA – Get Free Report) last released their earnings results on Wednesday, February 28th. The financial services provider reported EPS of ($0.52) for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The Atlanta Braves had a negative net margin of 18.35% and a negative return on equity of 25.95%. The company had revenue of $67.75 million during the quarter, compared to analysts’ estimates of $61.94 million.

Atlanta Braves Price Performance

BATRA shares opened at $41.62 on Monday. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of -20.81. The stock’s 50-day moving average is $41.33 and its 200-day moving average is $41.43. The Atlanta Braves have a one-year low of $36.78 and a one-year high of $54.94. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93, and a current ratio of 0.80.

Institutional investors weigh in on the Atlanta Braves

Several hedge funds and other institutional investors have recently increased or reduced their stakes in BATRA. Gabelli Funds LLC increased its stake in shares of the Atlanta Braves by 0.5% in the 4th quarter. Gabelli Funds LLC now owns 831,200 shares of the financial services provider’s stock worth $35,559,000 after purchasing an additional 4,000 shares during the last quarter. Vanguard Group Inc. increased its position in the Atlanta Braves by 2.3% in the first quarter. Vanguard Group Inc. now owns 608,500 shares of the financial services provider’s stock worth $25,496,000 after purchasing an additional 13,486 shares during the last quarter. Roundview Capital LLC purchased a new position in shares of the Atlanta Braves during the third quarter valued at $7,344,000. Chickasaw Capital Management LLC increased its position in shares of the Atlanta Braves by 2.9% during the 1st quarter. Chickasaw Capital Management LLC now owns 64,888 shares of the financial services provider’s stock valued at $2,719,000 after acquiring an additional 1,825 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of the Atlanta Braves by 1.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 51,799 shares of the financial services provider’s stock worth $2,024,000 after acquiring an additional 974 shares during the last quarter. Institutional investors own 12.31% of the company’s shares.

Atlanta Braves Company Profile

(Get Free Report)

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

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Atlanta Braves (NASDAQ: BATRA) Earnings History and Estimates



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