Madison Square Garden Entertainment (MSGE) Set to Announce Quarterly Earnings on Thursday

Madison Square Garden Entertainment (NYSE:MSGE) is set to release its earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Madison Square Garden Entertainment (NYSE:MSGE) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.69. Madison Square Garden Entertainment had a net margin of 8.03% and a negative return on equity of 94.05%. The business had revenue of $402.67 million for the quarter, compared to analysts’ expectations of $385.92 million. During the same quarter in the prior year, the firm posted $1.95 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, analysts expect Madison Square Garden Entertainment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Madison Square Garden Entertainment Trading Up 1.7 %

MSGE stock opened at $39.93 on Wednesday. The firm has a market cap of $1.64 billion and a PE ratio of 25.93. The stock has a 50-day moving average price of $38.75 and a 200-day moving average price of $34.50. Madison Square Garden Entertainment has a 1-year low of $27.55 and a 1-year high of $41.58.

Insiders Place Their Bets

In other news, CEO James Lawrence Dolan sold 24,284 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $37.31, for a total transaction of $906,036.04. Following the completion of the sale, the chief executive officer now owns 360,242 shares of the company’s stock, valued at approximately $13,440,629.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 190,080 shares of company stock worth $7,221,633. 18.72% of the stock is owned by corporate insiders.

Madison Square Garden Entertainment Company Profile

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.