Seaport Res Ptn Analysts Raise Earnings Estimates for MSGE

Key Points

• Seaport Res Ptn has raised its Q2 2026 earnings per share estimate for Madison Square Garden Entertainment (MSGE) to $2.43, slightly above the previous estimate of $2.42.
• Madison Square Garden Entertainment reported a quarterly EPS of ($0.50), missing analyst expectations, while the company's revenue of $154.14 million also fell 17.2% year-over-year.
• Multiple analysts, including Goldman Sachs and Morgan Stanley, have increased their price targets for MSGE, indicating a positive outlook with a consensus price target set at $43.00.

Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) - Equities researchers at Seaport Res Ptn raised their Q2 2026 earnings per share (EPS) estimates for Madison Square Garden Entertainment in a note issued to investors on Wednesday, August 13th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will earn $2.43 per share for the quarter, up from their previous estimate of $2.42. 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 $1.86 EPS.

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

Several other research analysts have also issued reports on the company. Morgan Stanley increased their price target on Madison Square Garden Entertainment from $41.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. The Goldman Sachs Group lifted their target price on Madison Square Garden Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Susquehanna began coverage on Madison Square Garden Entertainment in a research report on Monday, April 28th. They set a "positive" rating and a $39.00 target price on the stock. Finally, Wall Street Zen cut Madison Square Garden Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Madison Square Garden Entertainment Stock Up 2.3%

NYSE:MSGE traded up $0.8290 on Friday, hitting $37.5390. The stock had a trading volume of 226,858 shares, compared to its average volume of 323,478. The business's fifty day moving average is $38.73 and its 200 day moving average is $35.92. The company has a market cap of $1.78 billion, a PE ratio of 49.39 and a beta of 0.44. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 60.61. Madison Square Garden Entertainment has a 52 week low of $28.29 and a 52 week high of $44.14.

Institutional Trading of Madison Square Garden Entertainment

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in Madison Square Garden Entertainment by 0.4% during the second quarter. Rhumbline Advisers now owns 63,178 shares of the company's stock worth $2,525,000 after acquiring an additional 272 shares during the period. Garden State Investment Advisory Services LLC lifted its holdings in Madison Square Garden Entertainment by 2.0% during the second quarter. Garden State Investment Advisory Services LLC now owns 15,902 shares of the company's stock worth $636,000 after acquiring an additional 306 shares during the period. Pinnacle Associates Ltd. lifted its holdings in Madison Square Garden Entertainment by 3.2% during the first quarter. Pinnacle Associates Ltd. now owns 12,836 shares of the company's stock worth $420,000 after acquiring an additional 398 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in Madison Square Garden Entertainment by 1.9% during 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 period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Madison Square Garden Entertainment by 25.3% in the second quarter. Nisa Investment Advisors LLC now owns 2,217 shares of the company's stock valued at $89,000 after buying an additional 448 shares during the period. 96.86% of the stock is currently owned by institutional investors.

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.