Seaport Res Ptn Brokers Boost 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 boosted their Q2 2026 earnings per share estimates for Madison Square Garden Entertainment in a research report issued 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 forecast 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 released its quarterly earnings data 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). 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 analyst estimates of $151.17 million. During the same quarter in the prior year, the company earned $1.41 earnings per share. The business's revenue was down 17.2% compared to the same quarter last year.

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

Madison Square Garden Entertainment Price Performance

Madison Square Garden Entertainment stock traded up $0.03 on Friday, reaching $37.61. The company's stock had a trading volume of 316,406 shares, compared to its average volume of 335,874. The business's fifty day moving average price is $38.73 and its 200 day moving average price is $35.92. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 49.49 and a beta of 0.44. 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 twelve month low of $28.29 and a twelve month high of $44.14.

Institutional Investors Weigh In On Madison Square Garden Entertainment

Several hedge funds have recently bought and sold shares of MSGE. KBC Group NV acquired a new stake in shares of Madison Square Garden Entertainment in the first quarter valued at approximately $31,000. CWM LLC increased its stake in shares of Madison Square Garden Entertainment by 623.8% during the second quarter. CWM LLC now owns 1,035 shares of the company's stock worth $41,000 after purchasing an additional 892 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of Madison Square Garden Entertainment by 163.0% during the second quarter. Cullen Frost Bankers Inc. now owns 1,086 shares of the company's stock worth $43,000 after buying an additional 673 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Madison Square Garden Entertainment by 785.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,133 shares of the company's stock worth $40,000 after purchasing an additional 1,005 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Madison Square Garden Entertainment in the first quarter valued at approximately $40,000. 96.86% of the stock is currently owned by institutional investors and hedge funds.

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.