Atlanta Braves (BATRA) Set to Release Earnings on Wednesday

Atlanta Braves (NASDAQ:BATRA) will likely be announcing its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.5120 per share and revenue of $344.71 million for the quarter.

Atlanta Braves (NASDAQ:BATRA) last released its earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.48). The company had revenue of $305.12 million during the quarter, compared to analysts’ expectations of $317.09 million. On average, analysts expect Atlanta Braves to post ($0.41) EPS for the current fiscal year and $0.02 EPS for the next fiscal year.

Atlanta Braves Stock Performance

NASDAQ:BATRA opened at $54.31 on Wednesday. Atlanta Braves has a 12-month low of $41.50 and a 12-month high of $60.48. The stock has a fifty day moving average price of $56.43 and a 200 day moving average price of $52.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Thursday, October 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Insider Buying and Selling

In other Atlanta Braves news, EVP Derek Gordon Schiller sold 175,395 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $53.20, for a total transaction of $9,331,014.00. Following the completion of the transaction, the executive vice president owned 316,908 shares in the company, valued at $16,859,505.60. The trade was a 35.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gregory Heller sold 80,263 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $53.89, for a total transaction of $4,325,373.07. Following the completion of the sale, the executive vice president directly owned 22,741 shares in the company, valued at approximately $1,225,512.49. This represents a 77.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.40% of the stock is owned by insiders.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization’s primary activities include professional baseball operations, game-day ticketing, premium seating, sponsorships, broadcasting and digital media, concessions, licensing, and the sale of team merchandise.

The company also owns and operates Truist Park, the Braves’ home stadium, and The Battery Atlanta, a mixed-use development adjacent to the ballpark.