NYSE:MSGE

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

$37.06
-0.02 (-0.05%)
(As of 10:57 AM ET)
Today's Range
$36.74
$37.12
50-Day Range
$36.43
$40.30
52-Week Range
$27.55
$41.58
Volume
63,098 shs
Average Volume
476,547 shs
Market Capitalization
$1.53 billion
P/E Ratio
31.41
Dividend Yield
N/A
Price Target
$39.83

Madison Square Garden Entertainment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.6% Upside
$39.83 Price Target
Short Interest
Healthy
5.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$7.22 M Sold Last Quarter
Proj. Earnings Growth
13.01%
From $1.23 to $1.39 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.70 out of 5 stars

Consumer Discretionary Sector

209th out of 273 stocks

Miscellaneous Amusement & Recreation Services Industry

17th out of 18 stocks

MSGE stock logo

About Madison Square Garden Entertainment Stock (NYSE:MSGE)

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 formerly known as MSGE Spinco, Inc. Madison Square Garden Entertainment Corp. was incorporated in 2022 and is based in New York, New York.

MSGE Stock Price History

MSGE Stock News Headlines

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Company Calendar

Last Earnings
5/09/2024
Today
5/20/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/16/2024

Industry, Sector and Symbol

Industry
Miscellaneous amusement & recreation services
Sub-Industry
N/A
Fax
N/A
Employees
5,820
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$39.83
High Stock Price Target
$43.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+7.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$76.60 million
Pretax Margin
5.89%

Debt

Sales & Book Value

Annual Sales
$851.50 million
Cash Flow
$3.12 per share
Book Value
($2.30) per share

Miscellaneous

Free Float
33,453,000
Market Cap
$1.53 billion
Optionable
Optionable
Beta
N/A
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Key Executives

  • Mr. James Lawrence Dolan (Age 69)
    Executive Chairman & CEO
    Comp: $3.46M
  • Ms. Courtney M. Zeppetella (Age 47)
    Senior VP, Controller & Chief Accounting Officer
    Comp: $492.41k
  • Mr. Michael J. Grau (Age 58)
    CFO & Executive VP of Finance
  • Mr. Ari Danes C.F.A.
    Senior Vice President of Investor Relations, Financial Communications & Treasury
  • Ms. Laura Franco (Age 61)
    Executive VP, Chief Legal Officer & General Counsel

MSGE Stock Analysis - Frequently Asked Questions

Should I buy or sell Madison Square Garden Entertainment stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Madison Square Garden Entertainment in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

6 Wall Street research analysts have issued 1 year price objectives for Madison Square Garden Entertainment's stock. Their MSGE share price targets range from $36.00 to $43.00. On average, they expect the company's stock price to reach $39.83 in the next twelve months. This suggests a possible upside of 7.6% 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 2024?

Madison Square Garden Entertainment's stock was trading at $31.79 on January 1st, 2024. Since then, MSGE stock has increased by 16.5% and is now trading at $37.02.
View the best growth stocks for 2024 here
.

When is Madison Square Garden Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 16th 2024.
View our MSGE earnings forecast
.

How were Madison Square Garden Entertainment's earnings last quarter?

Madison Square Garden Entertainment Corp. (NYSE:MSGE) released its quarterly earnings results on Thursday, May, 9th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company earned $228.30 million during the quarter, compared to the consensus estimate of $227.63 million. Madison Square Garden Entertainment had a negative trailing twelve-month return on equity of 53.05% and a net margin of 5.74%. The firm's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS.

What ETFs hold Madison Square Garden Entertainment's stock?

ETFs with the largest weight of Madison Square Garden Entertainment (NYSE:MSGE) stock in their portfolio include Invesco Leisure and Entertainment ETF (PEJ), MUSQ Global Music Industry ETF (MUSQ) and Schwab Ariel ESG ETF (SAEF).Zacks Small/Mid Cap Core Portfolio ETF (SMIZ).

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 Thursday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $940.0 million-$950.0 million, compared to the consensus revenue estimate of $942.5 million.

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 investors include Ariel Investments LLC (16.98%), Vanguard Group Inc. (8.79%), Jericho Capital Asset Management L.P. (5.99%), Gamco Investors INC. ET AL (1.98%), Healthcare of Ontario Pension Plan Trust Fund (1.43%) and Gabelli Funds LLC (1.42%). Insiders that own company stock include Entertainment Co Sphere, Isiah Thomas III, James Lawrence Dolan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MSGE) was last updated on 5/20/2024 by MarketBeat.com Staff

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