Seaport Res Ptn Issues Positive Forecast for MSGE Earnings

Key Points

• Seaport Res Ptn raised their Q2 2026 earnings per share estimate for Madison Square Garden Entertainment from $2.43 to $2.53, indicating a more optimistic outlook.
• Morgan Stanley and Goldman Sachs have recently updated their ratings and price targets for Madison Square Garden Entertainment, signaling mixed sentiments among analysts with a consensus price target of $43.00.
• The company reported a revenue decline of 17.2% year-over-year in its last quarterly earnings, with earnings per share of ($0.50) that missed analyst expectations.

Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) - Research analysts at Seaport Res Ptn boosted their Q2 2026 earnings per share estimates for shares of Madison Square Garden Entertainment in a research report issued to clients and investors on Wednesday, August 27th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $2.53 for the quarter, up from their prior estimate of $2.43. The consensus estimate for Madison Square Garden Entertainment's current full-year earnings is $1.04 per share. Seaport Res Ptn also issued estimates for Madison Square Garden Entertainment's FY2026 earnings at $1.79 EPS, Q1 2027 earnings at ($0.55) EPS, Q2 2027 earnings at $2.67 EPS, Q3 2027 earnings at $0.56 EPS and Q4 2027 earnings at ($0.18) EPS.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.47) by ($0.03). Madison Square Garden Entertainment had a negative return on equity of 458.14% and a net margin of 3.97%.The company had revenue of $154.14 million for the quarter, compared to analysts' expectations of $151.17 million. During the same quarter last year, the company earned $1.41 EPS. Madison Square Garden Entertainment's revenue for the quarter was down 17.2% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group raised their price target on Madison Square Garden Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Wall Street Zen downgraded Madison Square Garden Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Morgan Stanley boosted their target price on shares of Madison Square Garden Entertainment from $41.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.00.

Madison Square Garden Entertainment Stock Performance

Madison Square Garden Entertainment stock traded down $0.27 during trading hours on Friday, reaching $40.63. 375,045 shares of the stock were exchanged, compared to its average volume of 355,824. The stock has a market cap of $1.93 billion, a P/E ratio of 53.47 and a beta of 0.44. The firm's 50 day moving average is $39.07 and its 200 day moving average is $36.05. The company has a debt-to-equity ratio of 60.61, a quick ratio of 0.47 and a current ratio of 0.47. Madison Square Garden Entertainment has a 52-week low of $28.29 and a 52-week high of $44.14.

Hedge Funds Weigh In On Madison Square Garden Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC raised its holdings in shares of Madison Square Garden Entertainment by 1.9% in the second quarter. Orion Porfolio Solutions LLC now owns 22,667 shares of the company's stock worth $906,000 after acquiring an additional 418 shares during the last quarter. State of Wyoming purchased a new stake in shares of Madison Square Garden Entertainment during the 2nd quarter valued at $62,000. Caxton Associates LLP acquired a new stake in Madison Square Garden Entertainment during the second quarter worth about $294,000. Tower Research Capital LLC TRC raised its holdings in Madison Square Garden Entertainment by 84.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,512 shares of the company's stock valued at $380,000 after buying an additional 4,363 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Madison Square Garden Entertainment during the 2nd quarter valued at $235,000. Institutional investors and hedge funds own 96.86% of the company's stock.

About Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. engages in the provision of entertainment services. Its portfolio of venues includes The Garden, Radio City Music Hall, the Beacon Theatre, The Theater at Madison Square, and The Chicago Theatre. The company was founded in 1879 and is headquartered in New York, NY.