Sphere Entertainment (NYSE:MSGE) Issues Quarterly Earnings Results

Sphere Entertainment (NYSE:MSGE) posted its quarterly earnings results on Thursday. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($1.05), Zacks reports. Sphere Entertainment had a net margin of 18.38% and a negative return on equity of 261.70%.

Sphere Entertainment Stock Performance

Shares of NYSE:MSGE traded down $0.13 during midday trading on Thursday, reaching $35.74. The company had a trading volume of 779,884 shares, compared to its average volume of 378,790. The company has a fifty day simple moving average of $35.44 and a two-hundred day simple moving average of $38.51. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 3.31 and a beta of 0.05. Sphere Entertainment has a 1-year low of $32.40 and a 1-year high of $44.14.

Sphere Entertainment Company Profile

Sphere Entertainment Co is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming.