Damn Good Stock: MSG Networks Inc.’s (NYSE:MSGN)

On Friday, MSG Networks Inc.’s (NYSE:MSGN) above/below +0.18% and ended at $17.08. The stock market capitalization arrived at $1.23B and total traded volume was 521,659 shares. During last trade, its maximum trading price was registered $17.18 and it’s the minimum trading price was noted $16.97.

MSG Networks Inc. (MSGN) recently stated financial results for the fourth quarter and fiscal year ended June 30, 2019. For fiscal 2019, MSG Networks Inc. generated revenues of $720.8M, a raise of 3% as contrast with the previous year. In addition, the Company generated operating income of $309.9M, adjusted operating income of $335.4M and net income of $186.2M.

Summary of Stated Fiscal 2019 Fourth Quarter Results from Operations
Fiscal 2019 fourth quarter total revenues of $168.4M reduced 2%, or $3.0M, as contrast with the previous year period. Affiliation fee revenue reduced $3.3M, primarily Because of the impact of a decrease in subscribers of over 6.5% and, to a lesser extent, the absence of a favorable $1.2M associate adjustment recorded in the previous year quarter, partially offset by the impact of higher affiliation rates.

Advertising revenue increased $0.9M, as contrast with the previous year period, primarily Because of higher sales from the telecast of live professional sports programming (including pjob cuts games) and, to a lesser extent, increased sales from the Company’s branded content initiatives, partially offset by a lower net decrease in deferred revenue related to ratings guarantees. Other revenues reduced $0.6M as contrast with the previous year period, primarily Because of the absence in the current quarter of $0.8M in fees related to Fuse Media.

Direct operating expenses of $70.1M increased 2%, or $1.3M, as contrast with the previous year quarter. The increase was primarily Because of higher rights fees expense, mainly a result of yearly contractual rate increases. This was partially offset by a decrease in other programming-related costs.

Adjusted operating income of $76.4M reduced 11%, or $9.8M, as contrast with the previous year quarter, primarily Because of higher selling, general and administrative expenses (not including share-based compensation expense) and direct operating expenses and, to a lesser extent, the decrease in revenues. Not Including the impact of the $1.2M associate adjustment, the absence of $0.8M in Fuse Media fees, and the $3.6M in expenses that are not indicative of the Company’s core expense base, fiscal 2019 fourth quarter adjusted operating income would have reduced by $4.2M, or 5%, as contrast with the previous year quarter.

EPS growth in past five years was 6.10% while EPS growth in next five years is projected to arrive at 1.30%. Sales growth past 5 years was measured at 0.20%.

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