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

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

MSGE has been the subject of several other research reports. Susquehanna initiated coverage on shares of Madison Square Garden Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $39.00 target price for the company. The Goldman Sachs Group lifted 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.

Madison Square Garden Entertainment Price Performance

MSGE stock traded up $0.34 during trading on Friday, hitting $39.50. The stock had a trading volume of 240,544 shares, compared to its average volume of 356,889. The company's 50 day moving average price is $37.82 and its two-hundred day moving average price is $35.27. Madison Square Garden Entertainment has a 1-year low of $28.29 and a 1-year high of $44.14. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 14.42 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.

Institutional Trading of Madison Square Garden Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its holdings in shares of Madison Square Garden Entertainment by 7.1% during the 2nd quarter. Exchange Traded Concepts LLC now owns 29,412 shares of the company's stock worth $1,176,000 after purchasing an additional 1,957 shares during the period. Jane Street Group LLC purchased a new stake in shares of Madison Square Garden Entertainment during the 1st quarter worth about $1,468,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Madison Square Garden Entertainment during the 1st quarter worth about $210,000. Millennium Management LLC purchased a new stake in shares of Madison Square Garden Entertainment during the 1st quarter worth about $4,994,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Madison Square Garden Entertainment by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,679 shares of the company's stock worth $775,000 after purchasing an additional 1,193 shares during the period. Hedge funds and other institutional investors 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.