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

Company Overview

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.

Key Stats

• Today's Range: $35.32 to $36.21
• 50-Day Range: $35.54 to $43.75
• 52-Week Range: $29.71 to $44.14
• Volume: 443,643 shs
• Average Volume: 399,636 shs
• Market Capitalization: $1.71 billion
• P/E Ratio: 9.74
• Dividend Yield: N/A
• Price Target: $46.00
• Consensus Rating: Moderate Buy

Madison Square Garden Entertainment Stock Analysis - MarketRank™

Madison Square Garden Entertainment scored higher than 75% of companies evaluated by MarketBeat, and ranked 109th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Madison Square Garden Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Madison Square Garden Entertainment has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for Madison Square Garden Entertainment are expected to remain at $1.58 per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of Madison Square Garden Entertainment is 9.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Madison Square Garden Entertainment is 9.74, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.18.

Price to Earnings Growth Ratio

Madison Square Garden Entertainment has a PEG Ratio of 3.24. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.44% 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 4.2.

Change versus previous month

Short interest in Madison Square Garden Entertainment has recently decreased by 8.61%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.44% 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 4.2.

Change versus previous month

Short interest in Madison Square Garden Entertainment has recently decreased by 8.61%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.98

News Sentiment

Madison Square Garden Entertainment has a news sentiment score of 0.98. 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 is a higher news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Madison Square Garden Entertainment this week, compared to 5 articles on an average week.

MarketBeat Follows

Only 1 people have added Madison Square Garden Entertainment to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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 $254,580.00 in company stock.

Percentage Held by Insiders

17.85% 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.

MSGE Stock Analysis - Frequently Asked Questions

How have MSGE shares performed this year?

Madison Square Garden Entertainment's stock was trading at $31.79 at the beginning of 2024. Since then, MSGE shares have increased by 12.1% and is now trading at $35.65.
View the best growth stocks for 2024 here.

How were Madison Square Garden Entertainment's earnings last quarter?

Madison Square Garden Entertainment Corp. (NYSE:MSGE) posted its quarterly earnings data on Friday, November, 8th. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.39. The business's revenue for the quarter was down 2.5% on a year-over-year basis.

Who are Madison Square Garden Entertainment's major shareholders?

Top institutional investors of Madison Square Garden Entertainment include Geode Capital Management LLC (1.95%), Assenagon Asset Management S.A. (2.19%), State Street Corp (1.87%) and Systematic Financial Management LP (1.86%). Insiders that own company stock include Thomas Charles Dolan, Philip Gerard D'ambrosio, Leinauer Corby Dolan, Entertainment Co Sphere and Isiah Thomas III.
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.

What other stocks do shareholders of Madison Square Garden Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Madison Square Garden Entertainment investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 11/08/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 2/05/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Miscellaneous amusement & recreation services
• Sub-Industry: Entertainment
• Current Symbol: NYSE:MSGE
• CUSIP: N/A
• CIK: 1795250
• Web: www.msgentertainment.com
• Phone: (212) 465-6000
• Fax: N/A
• Employees: 6,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $46.00
• High Stock Price Target: $48.00
• Low Stock Price Target: $44.00
• Potential Upside/Downside: +29.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.66
• Trailing P/E Ratio: 9.74
• Forward P/E Ratio: 22.56
• P/E Growth: 3.24
• Net Income: $144.30 million
• Net Margins: 18.38%
• Pretax Margin: 7.40%
• Return on Equity: -261.70%
• Return on Assets: 11.63%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.50
• Quick Ratio: 0.50

Sales & Book Value

• Annual Sales: $959.27 million
• Price / Sales: 1.79
• Cash Flow: $5.34 per share
• Price / Cash Flow: 6.68
• Book Value: ($1.01) per share
• Price / Book: -35.30

Miscellaneous

• Outstanding Shares: 48,060,000
• Free Float: 39,479,000
• Market Cap: $1.71 billion
• Optionable: Optionable
• Beta: 0.17