Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Madison Square Garden Entertainment to post earnings of $0.04 per share for the quarter. Madison Square Garden Entertainment has set its FY 2024 guidance at EPS.
Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $2.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.69. Madison Square Garden Entertainment had a net margin of 8.03% and a negative return on equity of 94.05%. The firm had revenue of $402.67 million during the quarter, compared to analyst estimates of $385.92 million. During the same quarter in the previous year, the business earned $1.95 EPS. The business's revenue was up 13.1% on a year-over-year basis. On average, analysts expect Madison Square Garden Entertainment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Madison Square Garden Entertainment Trading Up 2.1 %
Shares of NYSE:MSGE traded up $0.82 during trading on Friday, hitting $40.30. 882,118 shares of the company's stock traded hands, compared to its average volume of 477,884. The company has a 50-day moving average price of $38.65 and a 200-day moving average price of $34.37. Madison Square Garden Entertainment has a 52 week low of $27.55 and a 52 week high of $41.58. The company has a market cap of $1.66 billion and a price-to-earnings ratio of 26.60.
Insider Transactions at Madison Square Garden Entertainment
In other news, CEO James Lawrence Dolan sold 24,284 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $37.31, for a total transaction of $906,036.04. Following the completion of the transaction, the chief executive officer now directly owns 360,242 shares of the company's stock, valued at $13,440,629.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 190,080 shares of company stock valued at $7,221,633 over the last quarter. Corporate insiders own 18.72% of the company's stock.
About Madison Square Garden Entertainment
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Madison Square Garden Entertainment Corp. engages in live entertainment business. The company produces, presents, and hosts live entertainment events, including concerts, sports events, and other live events, such as family shows, performing arts events, and special events. Its operations include a collection of venues, the entertainment and sports bookings business, and the Christmas Spectacular Starring the Radio City Rockettes production.
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