Revenue Update on MSG Networks Inc(NYSE:MSGN)

MSG Networks Inc(NYSE:MSGN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $160.52M. Analysts estimated a revenue of $159.73M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.49.

In a different note, Loop Capital said it Initiates Coverage on MSG Networks Inc, according to a research note issued on Aug 9, 2016. The shares have been rated ‘Hold’ by the firm. On Jul 11, 2016, Jefferies said it Maintains its rating on MSG Networks Inc. In the research note, the firm Lowers the price-target to $20.00 per share. The shares have been rated ‘Hold’ by the firm.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, James Lawrence Dolan (Executive Chairman) sold 66,000 shares at $16.53 per share price.

MSG Networks Inc. formerly The Madison Square Garden Company is engaged in sports entertainment and media business. The Company’s businesses include MSG Sports and MSG Entertainment. MSG Sports business includes sports business which owns and operates the sports franchises such as the New York Knicks (the Knicks) of the National Basketball Association (the NBA) and the New York Rangers (the Rangers) of the National Hockey League (the NHL). MSG Entertainment business includes entertainment business which presents or hosts live entertainment events including concerts family shows performing arts and special events. In addition the Company also owns and operates regional sports networks under its MSG Media business including MSG Network (MSG) and MSG+; in addition to the live streaming and video on demand platform MSG GO.

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