MSG Entertainment (NYSE:MSGE) Issues Earnings Results, Misses Expectations By $0.60 EPS

MSG Entertainment (NYSE:MSGE - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.56 EPS for the quarter, missing analysts' consensus estimates of $2.16 by ($0.60), Zacks reports. MSG Entertainment had a negative return on equity of 227.66% and a net margin of 13.15%.

MSG Entertainment Trading Up 2.5 %

Shares of MSGE traded up $0.94 during trading hours on Monday, hitting $37.67. 546,013 shares of the stock traded hands, compared to its average volume of 399,135. MSG Entertainment has a 1-year low of $32.40 and a 1-year high of $44.14. The firm has a market capitalization of $1.81 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 3.26 and a beta of 0.05. The business has a fifty day moving average of $35.41 and a 200-day moving average of $38.48.

Analyst Upgrades and Downgrades

Separately, Macquarie reaffirmed an "outperform" rating and set a $45.00 price target on shares of MSG Entertainment in a research note on Monday.

About MSG Entertainment

Madison Square Garden Entertainment Corp. engages in the provision of entertainment services. Its portfolio of venues includes The Garden, Radio City Music Hall, the Beacon Theatre, The Theater at Madison Square, and The Chicago Theatre. The company was founded in 1879 and is headquartered in New York, NY.