What is Seaport Res Ptn's Estimate for MSGE FY2025 Earnings?

Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) - Investment analysts at Seaport Res Ptn cut their FY2025 earnings per share estimates for shares of Madison Square Garden Entertainment in a research note issued on Wednesday, July 9th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of $0.96 per share for the year, down from their prior estimate of $1.01. The consensus estimate for Madison Square Garden Entertainment's current full-year earnings is $1.04 per share.

Several other equities analysts have also commented on MSGE. Susquehanna started coverage on Madison Square Garden Entertainment in a research report on Monday, April 28th. They set a "positive" rating and a $39.00 price target on the stock. The Goldman Sachs Group boosted their price target on Madison Square Garden Entertainment from $36.00 to $41.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th.

Madison Square Garden Entertainment Stock Performance

Madison Square Garden Entertainment stock opened at $39.11 on Friday. The stock's 50 day moving average price is $37.70 and its 200 day moving average price is $35.23. The firm has a market capitalization of $1.59 billion, a PE ratio of 14.27 and a beta of 0.45. The company has a debt-to-equity ratio of 60.61, a quick ratio of 0.57 and a current ratio of 0.57. Madison Square Garden Entertainment has a one year low of $28.29 and a one year high of $44.14.

Hedge Funds Weigh In On Madison Square Garden Entertainment

Institutional investors have recently made changes to their positions in the business. KBC Group NV acquired a new position in shares of Madison Square Garden Entertainment in the 1st quarter valued at approximately $31,000. Sterling Capital Management LLC increased its holdings in shares of Madison Square Garden Entertainment by 785.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,133 shares of the company's stock valued at $40,000 after acquiring an additional 1,005 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Madison Square Garden Entertainment in the 1st quarter valued at approximately $40,000. NBC Securities Inc. increased its holdings in shares of Madison Square Garden Entertainment by 136,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,370 shares of the company's stock valued at $44,000 after acquiring an additional 1,369 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Madison Square Garden Entertainment by 1,632.3% in the 1st quarter. GAMMA Investing LLC now owns 2,685 shares of the company's stock valued at $82,000 after acquiring an additional 2,530 shares during the last quarter. 96.86% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Entertainment Company Profile

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.

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