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

Madison Square Garden Entertainment (NYSE:MSGE) will be releasing its earnings data 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Madison Square Garden Entertainment (NYSE:MSGE) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $2.59 earnings per share 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 analyst estimates of $385.92 million. During the same period last year, the business earned $1.95 EPS. The company’s revenue was up 13.1% on a year-over-year basis. 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

MSGE opened at $39.93 on Wednesday. Madison Square Garden Entertainment has a one year low of $27.55 and a one year high of $41.58. The business’s 50-day simple moving average is $38.75 and its 200-day simple moving average is $34.50. The stock has a market capitalization of $1.64 billion and a P/E ratio of 25.93.

Insider Activity at Madison Square Garden Entertainment

In other Madison Square Garden Entertainment news, CEO James Lawrence Dolan sold 28,796 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $37.71, for a total value of $1,085,897.16. Following the completion of the transaction, the chief executive officer now directly owns 292,143 shares of the company’s stock, valued at $11,016,712.53. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 190,080 shares of company stock worth $7,221,633 in the last three months. Insiders own 18.72% 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.