Madison Square Garden Entertainment (MSGE) to Release Earnings on Thursday

Madison Square Garden Entertainment (NYSE:MSGE) will post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Madison Square Garden Entertainment to post earnings of $0.04 per share for the quarter. Madison Square Garden Entertainment has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Madison Square Garden Entertainment (NYSE:MSGE) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $2.59 EPS for the quarter, topping 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 firm had revenue of $402.67 million for the quarter, compared to analyst estimates of $385.92 million. During the same quarter in the previous year, the business posted $1.95 EPS. The firm’s 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 Stock Performance

Shares of NYSE:MSGE traded up $0.23 during trading on Tuesday, hitting $39.49. The company’s stock had a trading volume of 185,194 shares, compared to its average volume of 474,320. The company has a market capitalization of $1.62 billion and a PE ratio of 25.50. Madison Square Garden Entertainment has a fifty-two week low of $27.55 and a fifty-two week high of $41.58. The stock’s 50-day moving average price is $38.71 and its two-hundred day moving average price is $34.44.

Insider Activity

In other Madison Square Garden Entertainment news, CEO James Lawrence Dolan sold 100,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.20, for a total transaction of $3,820,000.00. Following the transaction, the chief executive officer now directly owns 192,143 shares in the company, valued at approximately $7,339,862.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 190,080 shares of company stock worth $7,221,633. 18.72% of the stock is currently owned by insiders.

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.