MSG Networks is part of the entertainment industry and consumer cyclical sector. The company CEO is Andrea Greenberg. MSG Networks Inc is engaged in content development and distribution. It owns and operates two award-winning regional sports and entertainment networks, MSG Network and MSG+.



Previous Intraday Performance:

The MSGN shares had a previous change of 2.73% which opened at 21.34 and closed at 21.80. It moved to an intraday high of 21.97 and a low of 21.29.

SeekingAlpha:  MSG Networks’ (MSGN) CEO Andrea Greenberg on Q3 2019 Results – Earnings Call Transcript

Historical Performance:

Over the last five trading days, MSGN shares returned 5.72% and in the past 30 trading days it returned -5.63%. Over three months, it changed -7.23%. In one year it has changed 10.66% and within that year its 52 week high was 28.13 and its 52 week low was 19.40. MSGN stock is 12.37% above its 52 week low.

Our calculations result in a 200 day moving average of 23.90 and a 50 day moving average of 22.25. Right now, MSGN stock is trading -8.79% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  MSG Networks’ (MSGN) CEO Andrea Greenberg on Q3 2019 Results – Earnings Call Transcript

Liquidity:

The company has a market cap of $1.6b with 74.9m shares outstanding and a float of 73.9m shares. Trading volume was 1,138,568 shares and has experienced an average volume of 769,884 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for MSG Networks was 3.81 which ended on 30th of June 2018, which according to the previous close, that is a PE of 5.72. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.63. The trailing twelve month EPS reported is 2.49 (trailing twelve month diluted EPS is 2.52).

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 05-02-2019: 0.72
4thQtr 2018Reported 02-05-2019: 0.58
3rdQtr 2018Reported 11-02-2018: 0.62
2ndQtr 2018Reported 08-15-2018: 0.60
1stQtr 2018Reported 05-03-2018: 0.62

Base on our calculations, the intrinsic value per share is 35.91, which means it might be undervalued and has a margin of safety of 39.29%.

The long-term trend of the EPS is an important number as it indicates the present value of MSG Networks; it is typically displayed as a percentage and called the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 5.30% over the last twelve months.



Indicators Also to Watch:

Short-interest was 10,745,774, which was 14.35% of shares outstanding. The short-interest ratio or days-to-cover ratio was 26.29. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The beta was calculated to be 0.81.

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Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 23.42%, profit margin is 28.02%, price-to-sales is 2.19 and.

Company Score Card:

Results are out of six:
 0  : Growth Expectations Result
 2  : Financial Safety Result
 3  : Past Performance Result
 3  : Valuation Result
 0  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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