Seaport Res Ptn Has Positive Forecast for MSGE Q2 Earnings

Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) - Research analysts at Seaport Res Ptn lifted their Q2 2025 earnings estimates for Madison Square Garden Entertainment in a note issued to investors on Tuesday, December 3rd. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $2.14 for the quarter, up from their previous estimate of $1.93. The consensus estimate for Madison Square Garden Entertainment's current full-year earnings is $1.58 per share. Seaport Res Ptn also issued estimates for Madison Square Garden Entertainment's Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at ($0.19) EPS and FY2026 earnings at $1.93 EPS.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported ($0.40) earnings per share for the quarter, beating analysts' consensus estimates of ($0.79) by $0.39. The firm had revenue of $138.70 million during the quarter, compared to analyst estimates of $139.46 million. Madison Square Garden Entertainment had a net margin of 18.38% and a negative return on equity of 261.70%. Madison Square Garden Entertainment's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.73) earnings per share.

Several other research firms have also commented on MSGE. Bank of America lifted their price target on Madison Square Garden Entertainment from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, August 19th. Macquarie dropped their target price on Madison Square Garden Entertainment from $47.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Morgan Stanley cut their target price on Madison Square Garden Entertainment from $45.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Finally, Guggenheim lowered their price target on Madison Square Garden Entertainment from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Madison Square Garden Entertainment Stock Performance

Shares of NYSE:MSGE traded up $0.16 on Friday, reaching $37.57. The company's stock had a trading volume of 259,465 shares, compared to its average volume of 505,542. The company has a 50-day simple moving average of $40.06 and a 200 day simple moving average of $38.46. Madison Square Garden Entertainment has a 52-week low of $30.10 and a 52-week high of $44.14. The company has a market cap of $1.81 billion, a P/E ratio of 10.27, a PEG ratio of 3.52 and a beta of -0.04.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MSGE. Assenagon Asset Management S.A. grew its stake in Madison Square Garden Entertainment by 1,425.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 899,614 shares of the company's stock worth $38,261,000 after acquiring an additional 840,631 shares in the last quarter. Long Pond Capital LP bought a new stake in shares of Madison Square Garden Entertainment during the second quarter valued at approximately $12,407,000. Federated Hermes Inc. boosted its holdings in shares of Madison Square Garden Entertainment by 48.6% in the second quarter. Federated Hermes Inc. now owns 569,884 shares of the company's stock valued at $19,507,000 after purchasing an additional 186,475 shares during the period. Millennium Management LLC grew its stake in Madison Square Garden Entertainment by 120.7% in the second quarter. Millennium Management LLC now owns 117,481 shares of the company's stock worth $4,021,000 after purchasing an additional 64,245 shares in the last quarter. Finally, Duquesne Family Office LLC increased its holdings in Madison Square Garden Entertainment by 8.5% during the 2nd quarter. Duquesne Family Office LLC now owns 694,225 shares of the company's stock worth $23,763,000 after purchasing an additional 54,425 shares during the period. Hedge funds and other institutional investors own 96.86% of the company's stock.

Insider Transactions at Madison Square Garden Entertainment

In other news, EVP Philip Gerard D'ambrosio sold 6,000 shares of Madison Square Garden Entertainment stock in a transaction on Monday, September 30th. The stock was sold at an average price of $42.43, for a total transaction of $254,580.00. Following the completion of the sale, the executive vice president now directly owns 12,192 shares in the company, valued at approximately $517,306.56. This trade represents a 32.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 17.85% of the company's stock.

About Madison Square Garden Entertainment

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.