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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Madison Square Garden Entertainment in the last twelve months. There are currently 3 hold ratings and 4 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?

7 Wall Street research analysts have issued twelve-month target prices for Madison Square Garden Entertainment's shares. Their MSGE share price targets range from $36.00 to $43.00. On average, they expect the company's share price to reach $39.83 in the next twelve months. This suggests a possible upside of 5.5% 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 shares have increased by 18.7% and is now trading at $37.75. 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 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 data on Wednesday, February, 7th. The company reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.69. The firm had revenue of $402.67 million for 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 firm's quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 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) . Janus Henderson Small Cap Growth Alpha ETF (JSML) .

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 Wednesday, February, 7th. The company provided earnings per share (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 many different retail and institutional investors. Top institutional investors include Radnor Capital Management LLC (0.06%) and NBC Securities Inc. (0.01%). 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 .

NYSE:MSGE

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

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$37.81

-0.01 (-0.03%)

(As of 11:15 AM ET)

Compare

Today's Range: $37.62
▼
$37.94
50-Day Range: $36.75
▼
$39.79
52-Week Range: $27.55
▼
$40.81

Volume: 31,031 shs
Average Volume: 481,428 shs
Market Capitalization: $1.55 billion

P/E Ratio: 24.55
Dividend Yield: N/A
Price Target: $39.83

Get Madison Square Garden Entertainment alerts:

Madison Square Garden Entertainment MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 5.5% Upside
$39.83 Price Target
Short Interest: Bearish
5.36% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.61
Based on 10 Articles This Week
Insider Trading: Selling Shares
$7.22 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.

1.04 out of 5 stars

Consumer Discretionary Sector

232nd out of 257 stocks

Miscellaneous Amusement & Recreation Services Industry

18th out of 18 stocks

1.3

Analyst's Opinion

Consensus Rating
Madison Square Garden Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Madison Square Garden Entertainment has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.36% 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 4.3.
Change versus previous month
Short interest in Madison Square Garden Entertainment has recently increased by 9.69%, indicating that investor sentiment is decreasing significantly.

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.

2.0

News and Social Media Coverage

News Sentiment
Madison Square Garden Entertainment has a news sentiment score of 0.61. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Madison Square Garden Entertainment this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 5 people have added Madison Square Garden Entertainment to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Madison Square Garden Entertainment insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,221,633.00 in company stock.
Percentage Held by Insiders
18.72% 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
96.86% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Madison Square Garden Entertainment are expected to grow by 25.93% in the coming year, from $1.08 to $1.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Madison Square Garden Entertainment is 24.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Madison Square Garden Entertainment is 24.51, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.21.
Price to Earnings Growth Ratio
Madison Square Garden Entertainment has a PEG Ratio of 2.30. PEG Ratios above 1 indicate that a company could be overvalued.

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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

30 days | 90 days | 365 days | Advanced Chart

MSGE Stock News Headlines

April 18, 2024 | yahoo.com

Billy Joel’s Madison Square Garden Special Reaches 5.7 Million Viewers on CBS

April 16, 2024 | msn.com

Why Billy Joel’s Madison Square Garden concert on CBS ended abruptly

April 18, 2024 | Paradigm Press (Ad)

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April 15, 2024 | finance.yahoo.com

Do Madison Square Garden Entertainment's (NYSE:MSGE) Earnings Warrant Your Attention?

April 14, 2024 | yahoo.com

How to Watch ‘The 100th: Billy Joel at Madison Square Garden’: Is the Concert Special Streaming?

April 14, 2024 | yahoo.com

Billy Joel at Madison Square Garden: How to Watch Tonight’s Concert Special On TV and Online for Free

April 14, 2024 | americanbankingnews.com

Head to Head Analysis: Archon (OTCMKTS:ARHN) and Madison Square Garden Entertainment (NYSE:MSGE)

April 13, 2024 | yahoo.com

A Dungeons & Dragons actual play show is going to sell out Madison Square Garden

April 18, 2024 | Paradigm Press (Ad)

AI “wealth window” is closing soon!

Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.

April 11, 2024 | msn.com

Inside Billy Joel's 100th Madison Square Garden Concert Event: Surprise Appearances, Set List and More!

April 11, 2024 | msn.com

Sensory room opens at Madison Square Garden with help from Yankees star Aaron Judge, wife Samantha

April 11, 2024 | msn.com

2024 Jazz in the Garden schedule, lineup announced

April 10, 2024 | msn.com

What to know about the Dane County Farmers Market, opening this weekend in Madison

April 9, 2024 | seekingalpha.com

Madison Square Garden Entertainment: Strong Visibility Into FY24/25 Growth

April 8, 2024 | forbes.com

Dimension 20 Claims Madison Square Garden For Dungeons & Dragons

April 3, 2024 | finance.yahoo.com

Are Consumer Discretionary Stocks Lagging Madison Square Garden Entertainment Corp. (MSGE) This Year?

April 3, 2024 | bizjournals.com

The Yards Greenhouse expands club’s entertainment space

April 1, 2024 | yahoo.com

Madison County School System breaks ground on new ‘Culinary Garden’

April 1, 2024 | sports.yahoo.com

Sphere Leads Sports Stocks in March as Dolan More Than Doubles Stake

March 28, 2024 | msn.com

March Madness brings legions of fans, and big business, to bars around TD Garden

March 28, 2024 | msn.com

South Bend's 'Madison Lifestyle District' to replace parking lots with apartments, hotel

March 28, 2024 | msn.com

Garden of Laughs returns with comedy's biggest stars to raise money for charity

March 18, 2024 | finance.yahoo.com

CtrlChain is optimizing supply chains from Amsterdam to Chicago

March 18, 2024 | finance.yahoo.com

AWS and FieldAlytics by Ever.Ag: A New Frontier in AI-Enhanced Crop Management and Sustainability

March 17, 2024 | msn.com

Jasper Green Ceremony held in Madison Square

March 17, 2024 | finance.yahoo.com

MSGE Jul 2024 30.000 put

March 13, 2024 | msn.com

Weekend events coming to the Madison area

See More Headlines

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Company Calendar

Last Earnings: 2/07/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/16/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Discretionary
Industry: Miscellaneous amusement & recreation services
Sub-Industry: N/A
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 Target: $39.83
High Stock Price Target: $43.00
Low Stock Price Target: $36.00
Potential Upside/Downside: +5.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.54
Trailing P/E Ratio: 24.57
Forward P/E Ratio: 35.04
P/E Growth: 2.31
Net Income: $76.60 million
Net Margins: 8.03%
Pretax Margin: 8.19%
Return on Equity: -94.05%
Return on Assets: 5.98%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.47
Quick Ratio: 0.47

Sales & Book Value

Annual Sales: $894.04 million
Price / Sales: 1.74
Cash Flow: $3.06 per share
Price / Cash Flow: 12.38
Book Value: ($1.54) per share
Price / Book: -24.57

Miscellaneous

Outstanding Shares: 41,122,000
Free Float: 33,424,000
Market Cap: $1.56 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MSGE Stock Analysis - Frequently Asked Questions

Should I buy or sell Madison Square Garden Entertainment stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Madison Square Garden Entertainment in the last twelve months. There are currently 3 hold ratings and 4 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?: 7 Wall Street research analysts have issued twelve-month target prices for Madison Square Garden Entertainment's shares. Their MSGE share price targets range from $36.00 to $43.00. On average, they expect the company's share price to reach $39.83 in the next twelve months. This suggests a possible upside of 5.5% 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 shares have increased by 18.7% and is now trading at $37.75.
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 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 data on Wednesday, February, 7th. The company reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.69. The firm had revenue of $402.67 million for 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 firm's quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 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).Janus Henderson Small Cap Growth Alpha ETF (JSML).
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 Wednesday, February, 7th. The company provided earnings per share (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 many different retail and institutional investors. Top institutional investors include Radnor Capital Management LLC (0.06%) and NBC Securities Inc. (0.01%). 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 4/18/2024 by MarketBeat.com Staff

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

Madison Square Garden Entertainment MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Madison Square Garden Entertainment Stock (NYSE:MSGE)

MSGE Stock Price History

MSGE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MSGE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™