NYSE:MSGE

Madison Square Garden Entertainment (MSGE) Stock Forecast, Price & News

$32.84

-0.01 (-0.03%)

(As of 09/22/2023 ET)

Compare

Today's Range: $32.72
▼
$33.78
50-Day Range: $30.65
▼
$35.41
52-Week Range: $28.09
▼
$40.81

Volume: 603,604 shs
Average Volume: 581,226 shs
Market Capitalization: $1.45 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $42.75

Madison Square Garden Entertainment MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 30.2% Upside
$42.75 Price Target
Short Interest: Healthy
4.22% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.90
Based on 7 Articles This Week
Insider Trading: Selling Shares
$461.18 M Sold Last Quarter
Proj. Earnings Growth: 7.96%
From $1.13 to $1.22 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Consumer Discretionary Sector

75th out of 271 stocks

Miscellaneous Amusement & Recreation Services Industry

6th out of 18 stocks

3.3

Analyst's Opinion

Consensus Rating
Madison Square Garden Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.75, Madison Square Garden Entertainment has a forecasted upside of 30.2% from its current price of $32.84.
Amount of Analyst Coverage
Madison Square Garden Entertainment has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.22% of the float of Madison Square Garden Entertainment has been sold short.
Short Interest Ratio / Days to Cover
Madison Square Garden Entertainment has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Madison Square Garden Entertainment has recently increased by 2.08%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Madison Square Garden Entertainment does not currently pay a dividend.
Dividend Growth
Madison Square Garden Entertainment does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MSGE.

3.3

News and Social Media Coverage

News Sentiment
Madison Square Garden Entertainment has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Madison Square Garden Entertainment this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for MSGE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
2 people have added Madison Square Garden Entertainment to their MarketBeat watchlist in the last 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Madison Square Garden Entertainment insiders have sold 4,511.78% more of their company's stock than they have bought. Specifically, they have bought $9,999,980.00 in company stock and sold $461,177,043.00 in company stock.
Percentage Held by Insiders
24.60% of the stock of Madison Square Garden Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
70.02% of the stock of Madison Square Garden Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Madison Square Garden Entertainment are expected to grow by 7.96% in the coming year, from $1.13 to $1.22 per share.
Price to Earnings Growth Ratio
Madison Square Garden Entertainment has a PEG Ratio of 1.73. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

About Madison Square Garden Entertainment (NYSE:MSGE) Stock

Madison Square Garden Entertainment Corp. engages in live entertainment business. The company produces, presents, and hosts live entertainment events, including concerts, sports events, and other live events, such as family shows, performing arts events, and special events. Its operations include a collection of venues, the entertainment and sports bookings business, and the Christmas Spectacular Starring the Radio City Rockettes production. The company was incorporated in 2022 and is based in New York, New York.

MSGE Price History

30 days | 90 days | 365 days | Advanced Chart

MSGE Stock News Headlines

September 24, 2023 | americanbankingnews.com

Entertainment Co. Sphere Sells 8,221,188 Shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE) Stock

September 22, 2023 | finance.yahoo.com

Las Vegas Sphere Will Open With a U2 Concert. These 3 Stocks Could Get a Lift.

September 24, 2023 | Chaikin Analytics (Ad)

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September 19, 2023 | prnewswire.com

Madison Square Garden Entertainment Corp. Announces Pricing of Secondary Offering and Share Repurchase

September 18, 2023 | msn.com

Madison Square Garden Entertainment says shareholder Sphere has commenced a secondary offering of 7.2 million shares

September 18, 2023 | markets.businessinsider.com

Madison Square Garden Entertainment Announces 7.15 Mln Secondary Offering, $50 Mln Share Repurchase

September 14, 2023 | msn.com

Madison Square Garden's operating permit up for 5-year extension

September 7, 2023 | msn.com

Oak View Group, MSGE and Sphere Entertainment introduce "Crown Properties Collection"

September 24, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

September 1, 2023 | finance.yahoo.com

YouTube Promotes NFL Sunday Ticket in Las Vegas Sphere’s First Paid Ad

August 25, 2023 | markets.businessinsider.com

Analyst Ratings for Madison Square Garden

August 23, 2023 | msn.com

4 big analyst picks: Madison Square Garden Entertainment a new Buy at BofA

August 22, 2023 | msn.com

B of A Securities Initiates Coverage of Madison Square Garden Entertainment - (MSGE) with Buy Recommendation

August 22, 2023 | za.investing.com

Madison Square Garden Entertainment a new Buy at BofA, shares gain 4%

August 22, 2023 | msn.com

BofA starts Madison Square Garden Entertainment with buy rating

August 18, 2023 | finance.yahoo.com

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2023 FOURTH QUARTER AND FULL YEAR RESULTS

August 9, 2023 | msn.com

Madison Square Garden Entertainment: A Fairly Valued Pure Entertainment Play

August 7, 2023 | finance.yahoo.com

ACCLAIMED FAMILY HOLIDAY THEATRICAL 'TWAS THE NIGHT BEFORE… BY CIRQUE DU SOLEIL MAKES ITS HIGHLY-ANTICIPATED RETURN TO NYC & CHICAGO

August 2, 2023 | finance.yahoo.com

Madison Square Garden Entertainment Corp. (NYSE:MSGE) is definitely on the radar of institutional investors who own 29% of the company

August 1, 2023 | finance.yahoo.com

Third Avenue Management Small-Cap Value Fund Exited Madison Square Garden Entertainment Corp. (MSGE) After Spinoff

July 28, 2023 | wsj.com

Madison Square Garden Entertainment Corp.

July 26, 2023 | finance.yahoo.com

MERRY CHRISTMAS IN JULY! AMERICA'S #1 HOLIDAY PRODUCTION RETURNS!

July 26, 2023 | finance.yahoo.com

MERRY CHRISTMAS IN JULY! AMERICA'S #1 HOLIDAY PRODUCTION RETURNS!

July 12, 2023 | yahoo.com

Madison Square Garden owners to aid Penn Station rebuild process under permit OKd by NYC City Planning; City Council vote up next

July 12, 2023 | yahoo.com

Madison Square Garden owners to aid Penn Station rebuild process under permit OKd by NYC City Planning; City Council vote up next

July 8, 2023 | fool.com

Sphere Entertainment (NYSE: SPHE)

July 2, 2023 | benzinga.com

Madison Square Garden Recent Insider Activity

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MSGE Company Calendar

Last Earnings: 8/18/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/17/2023
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous amusement & recreation services
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:MSGE
CUSIP: N/A
CIK: 1795250
Web: www.msgentertainment.com
Phone: (212) 465-6000
Fax: N/A
Employees: 5,820
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $42.75
High Stock Price Forecast: $52.00
Low Stock Price Forecast: $36.00
Forecasted Upside/Downside: +30.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 29.06
P/E Growth: 1.73
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 14.79
Current Ratio: 0.55
Quick Ratio: 0.55

Sales & Book Value

Annual Sales: $851.50 million
Price / Sales: 1.70
Cash Flow: $3.12 per share
Price / Cash Flow: 10.53
Book Value: ($1.54) per share
Price / Book: -21.32

Miscellaneous

Outstanding Shares: 44,180,000
Free Float: 33,315,000
Market Cap: $1.45 billion
Optionable: Optionable
Beta: N/A

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Key Executives

Mr. James Lawrence Dolan (Age 68)
Exec. Chairman & CEO

Mr. David F. Byrnes (Age 53)
Exec. VP & CFO

Ms. Courtney M. Zeppetella (Age 46)
Sr. VP, Controller & Chief Accounting Officer

Mr. Ari Danes C.F.A.
Sr. VP of Investor Relations, Financial Communications & Treasury

Mr. Jamal H. Haughton (Age 47)
Exec. VP, Gen. Counsel & Sec.

Mr. Philip Gerard D'Ambrosio (Age 55)
Exec. VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MSGE Stock - Frequently Asked Questions

Should I buy or sell Madison Square Garden Entertainment stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Madison Square Garden Entertainment in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MSGE shares.
View MSGE analyst ratings or view top-rated stocks.
What is Madison Square Garden Entertainment's stock price forecast for 2023?: 8 brokers have issued 1 year target prices for Madison Square Garden Entertainment's shares. Their MSGE share price forecasts range from $36.00 to $52.00. On average, they predict the company's stock price to reach $42.75 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
View analysts price targets for MSGE or view top-rated stocks among Wall Street analysts.
How have MSGE shares performed in 2023?: Madison Square Garden Entertainment's stock was trading at $44.97 on January 1st, 2023. Since then, MSGE stock has decreased by 27.0% and is now trading at $32.84.
View the best growth stocks for 2023 here.
When is Madison Square Garden Entertainment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 17th 2023.
View our MSGE earnings forecast.
How were Madison Square Garden Entertainment's earnings last quarter?: Madison Square Garden Entertainment Corp. (NYSE:MSGE) released its earnings results on Friday, August, 18th. The company reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.16. The business had revenue of $147.90 million for the quarter, compared to the consensus estimate of $140.52 million. The company's revenue for the quarter was down 17.0% on a year-over-year basis.
What ETF holds Madison Square Garden Entertainment's stock ?: MUSQ Global Music Industry ETF holds 3,393 shares of MSGE stock, representing 1.79% of its portfolio.

What guidance has Madison Square Garden Entertainment issued on next quarter's earnings?: Madison Square Garden Entertainment issued an update on its FY 2024 earnings guidance on Friday, August, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $900.00 million-$930.00 million, compared to the consensus revenue estimate of $898.44 million.
What is Madison Square Garden Entertainment's stock symbol?: Madison Square Garden Entertainment trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSGE."
Who are Madison Square Garden Entertainment's major shareholders?: Madison Square Garden Entertainment's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ariel Investments LLC (27.53%), BlackRock Inc. (9.89%), Dimensional Fund Advisors LP (5.14%), Gamco Investors INC. ET AL (3.98%), State Street Corp (2.94%) and Gabelli Funds LLC (2.79%). Insiders that own company stock include Entertainment Co Sphere, Isiah Thomas III, Joseph F Yospe, Leinauer Corby Dolan, Philip Gerard D'ambrosio and Thomas Charles Dolan.
View institutional ownership trends.
How do I buy shares of Madison Square Garden Entertainment?: Shares of MSGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Madison Square Garden Entertainment's stock price today?: One share of MSGE stock can currently be purchased for approximately $32.84.
How much money does Madison Square Garden Entertainment make?: Madison Square Garden Entertainment (NYSE:MSGE) has a market capitalization of $1.45 billion and generates $851.50 million in revenue each year.
How many employees does Madison Square Garden Entertainment have?: The company employs 5,820 workers across the globe.
How can I contact Madison Square Garden Entertainment?: Madison Square Garden Entertainment's mailing address is TWO PENNSYLVANIA PLAZA, NEW YORK NY, 10121. The official website for the company is www.msgentertainment.com. The company can be reached via phone at (212) 465-6000 or via email at investor@msg.com.

This page (NYSE:MSGE) was last updated on 9/24/2023 by MarketBeat.com Staff

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