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PYPL   59.43 (-1.83%)
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MSFT   415.98 (+0.12%)
META   504.03 (+0.34%)
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PFE   25.85 (-2.78%)
PYPL   59.43 (-1.83%)
XOM   104.29 (-1.46%)
QQQ   445.30 (-0.07%)
AAPL   174.24 (-3.02%)
MSFT   415.98 (+0.12%)
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AMD   208.18 (+2.73%)
BABA   72.05 (-3.44%)
T   16.94 (-0.24%)
F   12.99 (+4.34%)
MU   96.76 (+1.69%)
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GE   159.85 (+0.76%)
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NYSE:MSGE

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

$38.38
-0.45 (-1.16%)
(As of 12:04 PM ET)
Today's Range
$38.21
$39.02
50-Day Range
$30.17
$38.80
52-Week Range
$27.55
$40.81
Volume
103,849 shs
Average Volume
525,674 shs
Market Capitalization
$1.58 billion
P/E Ratio
24.92
Dividend Yield
N/A
Price Target
$39.83

Madison Square Garden Entertainment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
3.4% Upside
$39.83 Price Target
Short Interest
Healthy
4.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.82mentions of Madison Square Garden Entertainment in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.99 M Sold Last Quarter
Proj. Earnings Growth
25.93%
From $1.08 to $1.36 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.

2.24 out of 5 stars

Consumer Discretionary Sector

197th out of 273 stocks

Miscellaneous Amusement & Recreation Services Industry

15th out of 19 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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MSG Entertainment: Fiscal Q2 Earnings Snapshot
Madison Square Garden Entertainment Q2 Net Income Rises; Revenues Up 13%
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McIntyre Partnerships Q4 2023 Letter To Partners
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Today
3/03/2024
Next Earnings (Estimated)
5/16/2024
Fiscal Year End
6/30/2024

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
+2.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$76.60 million
Pretax Margin
8.19%

Debt

Sales & Book Value

Annual Sales
$851.50 million
Cash Flow
$3.12 per share
Book Value
($2.48) per share

Miscellaneous

Free Float
33,424,000
Market Cap
$1.60 billion
Optionable
Optionable
Beta
N/A
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Key Executives

  • Mr. James Lawrence Dolan (Age 69)
    Executive Chairman & CEO
    Comp: $3.46M
  • Mr. Philip Gerard D'Ambrosio (Age 56)
    Executive VP, Interim CFO & Treasurer
    Comp: $821.24k
  • Ms. Courtney M. Zeppetella (Age 47)
    Senior VP, Controller & Chief Accounting Officer
    Comp: $492.41k
  • Mr. Ari Danes C.F.A.
    Senior Vice President of Investor Relations, Financial Communications & Treasury
  • Mr. Michael J. Grau (Age 58)
    Executive VP of Finance














MSGE Stock Analysis - Frequently Asked Questions

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

7 Wall Street equities 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 4 buy ratings for the stock. The consensus among Wall Street equities 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?

7 analysts have issued 1 year target prices for Madison Square Garden Entertainment's shares. Their MSGE share price targets range from $36.00 to $43.00. On average, they predict the company's stock price to reach $39.83 in the next year. This suggests a possible upside of 3.4% 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 at the beginning of the year. Since then, MSGE stock has increased by 21.2% and is now trading at $38.53.
View the best growth stocks for 2024 here
.

Are investors shorting Madison Square Garden Entertainment?

Madison Square Garden Entertainment saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 1,980,000 shares, an increase of 35.6% from the January 15th total of 1,460,000 shares. Based on an average daily trading volume, of 540,900 shares, the days-to-cover ratio is currently 3.7 days. Approximately 5.0% of the shares of the company are short sold.
View Madison Square Garden Entertainment's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 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 Wednesday, February, 7th. The company reported $2.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.69. The company earned $402.67 million during the quarter, compared to the consensus estimate of $385.92 million. Madison Square Garden Entertainment had a net margin of 8.03% and a negative trailing twelve-month return on equity of 94.05%. The business's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 earnings per share.

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 updated its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $930.0 million-$950.0 million, compared to the consensus revenue estimate of $918.1 million.

Who are Madison Square Garden Entertainment's major shareholders?

Madison Square Garden Entertainment's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.82%), Channing Capital Management LLC (4.94%), Balyasny Asset Management L.P. (2.68%), Dimensional Fund Advisors LP (2.64%), Gamco Investors INC. ET AL (2.05%) and Alberta Investment Management Corp (1.61%). 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 3/4/2024 by MarketBeat.com Staff