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

Madison Square Garden Entertainment (NYSE:MSGE) will be releasing its earnings data before the market opens on Friday, August 16th. Analysts expect Madison Square Garden Entertainment to post earnings of ($0.56) per share for the quarter.

Madison Square Garden Entertainment Trading Up 1.2 %

Shares of NYSE:MSGE opened at $37.44 on Wednesday. Madison Square Garden Entertainment has a 1 year low of $27.55 and a 1 year high of $41.58. The firm has a fifty day moving average price of $35.84 and a 200 day moving average price of $36.99. The stock has a market capitalization of $1.54 billion, a PE ratio of 31.73, a P/E/G ratio of 3.91 and a beta of 0.12.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Madison Square Garden Entertainment from a “neutral” rating to a “buy” rating and upped their price target for the stock from $41.00 to $45.00 in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.20.

Madison Square Garden Entertainment Company Profile

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.