Madison Square Garden Entertainment Corp. (MSGE)

NYSE: MSGE · IEX Real-Time Price · USD
46.97
+0.55 (1.18%)
Nov 29, 2022 3:20 PM EDT - Market open
1.18%
Market Cap 1.60B
Revenue (ttm) 1.83B
Net Income (ttm) -159.92M
Shares Out 34.40M
EPS (ttm) -16.32
PE Ratio n/a
Forward PE 28.25
Dividend n/a
Ex-Dividend Date n/a
Volume 95,968
Open 46.48
Previous Close 46.42
Day's Range 45.94 - 47.4
52-Week Range 38.98 - 84.57
Beta 1.36
Analysts Buy
Price Target 86.29 (+83.7%)
Earnings Date Nov 9, 2022

About MSGE

Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dinin... [Read more]

Industry Entertainment
Employees 2,200
Stock Exchange NYSE
Ticker Symbol MSGE
Full Company Profile

Financial Performance

In 2022, MSGE's revenue was $1.72 billion, an increase of 111.81% compared to the previous year's $814.21 million. Losses were -$194.40 million, 31.2% more than in 2021.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for MSGE stock is "Buy." The 12-month stock price forecast is 86.29, which is an increase of 83.71% from the latest price.

Price Target
$86.29
(83.71% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Ariel's Charles Bobrinskoy says value is crushing growth stocks right now

Charles Bobrinskoy, vice chairman and head of the investment group at Ariel Investments, joins 'The Exchange' to discuss what value stocks to invest in during the current market environment.

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1 week ago - CNBC Television

Beauty & Essex Restaurant to Open new Location inside Mohegan Sun

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1 week ago - PRNewsWire

Madison Square Garden Entertainment (MSGE) Reports Q1 Loss, Tops Revenue Estimates

Madison Square Garden Entertainment (MSGE) delivered earnings and revenue surprises of -25.26% and 10.11%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahea...

2 weeks ago - Zacks Investment Research

TAO GROUP HOSPITALITY ANNOUNCES PLANS FOR THE FIRST EVER TAO HOTEL

NEW YORK , Nov. 9, 2022 /PRNewswire/ -- Tao Group Hospitality has announced plans to open its first ever TAO-branded resort in Orlando, FL. completing the company's 360-degree approach to full-service e...

2 weeks ago - PRNewsWire

Madison Square Garden Entertainment Corp. Reports Fiscal 2023 First Quarter Results

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") today reported financial results for the fiscal first quarter ended September 30, 2022.

2 weeks ago - Business Wire

MSG Entertainment To Spin-Off Its Live Entertainment & MSG Network Businesses

The retained shares would then be available in a tax-free exchange off er for the common stock of MSG Sphere Corp. to raise capital for general corporate purposes and can be utilized in a follow-on pro-...

3 weeks ago - Forbes

Madison Square Garden Entertainment Corp. to Host Fiscal 2023 First Quarter Conference Call

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2022 on Wednesday, Novem...

3 weeks ago - Business Wire

Monster Energy Named Official Energy Drink Partner of the New York Rangers and Madison Square Garden

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (MSG Sports) and Madison Square Garden Entertainment Corp. (NYSE: MSGE) (MSG Entertainment) announced today a marketing partner...

Other symbols: MSGS
1 month ago - Business Wire

Madison Square Garden Entertainment Corp. Confidentially Submits Initial Form 10 Registration Statement for Proposed ...

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) today announced that it has confidentially submitted an initial Form 10 Registration Statement with the U.S. Securities ...

1 month ago - Business Wire

HUB International Announced as Official Partner of Madison Square Garden Sports and Madison Square Garden Entertainment

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (MSG Sports), Madison Square Garden Entertainment Corp. (NYSE: MSGE) (MSG Entertainment) and HUB International Limited (HUB), a...

Other symbols: MSGS
1 month ago - Business Wire

The stable, quality part of the growth market will be first to recover, says Edward Jones' Mahajan

Mona Mahajan of Edward Jones and Charlie Bobrinskoy of Ariel Investments join 'Closing Bell' to discuss whether growth or value is the best place for investors to put their money right now.

Other symbols: APACYBRMOS
2 months ago - CNBC Television

MSG Entertainment To Explore Spin-Off Of Its Live Entertainment & MSG Network Businesses

MSGE, $60.61, Market Capitalization: $2.1 billion) announced that its Board of Directors has authorized the Company's management to explore a potential spin-off of its live entertainment and MSG Network...

3 months ago - Forbes

MSG Entertainment mulls Madison Square Garden, Radio City Music Hall split

Madison Square Garden Entertainment said Thursday that it will explore potentially spinning off live entertainment venues and a bevy of other assets into a separate company.

Other symbols: MSGS
3 months ago - New York Post

MSG Entertainment exploring potential spinoff of Madison Square Garden and Radio City Music Hall

Madison Square Garden Entertainment announced it is exploring a potential spinoff of certain assets.

Other symbols: MSGS
3 months ago - Fox Business

MSG Entertainment suffers from ‘the Dolan discount,' analyst says

Boyar Value Group principal Jonathan Boyar joins Yahoo Finance Live to discuss the spinoff of Madison Square Gardens Entertainment and what it means for shareholders.

3 months ago - Yahoo Finance

Madison Square Garden Entertainment (MSGE) Reports Q4 Loss, Tops Revenue Estimates

Madison Square Garden Entertainment (MSGE) delivered earnings and revenue surprises of -358.14% and 10.87%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead fo...

3 months ago - Zacks Investment Research

Madison Square Garden Entertainment Corp. Reports Fourth Quarter and Fiscal 2022 Results

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) today reported financial results for the fourth quarter and fiscal year ended June 30, 2022. While...

3 months ago - Business Wire

Madison Square Garden Entertainment explores possible spinoff that would include iconic NY arena

Madison Square Garden Entertainment announced Thursday it's exploring a spinoff of its live entertainment business.

3 months ago - CNBC

Madison Square Garden Entertainment Corp. Board of Directors Approves Exploration of Potential Spin-Off

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (“MSG Entertainment”) (NYSE: MSGE) today announced that its board of directors has authorized the Company's management to explore a p...

3 months ago - Business Wire

Madison Square Garden Entertainment Corp. to Host Fiscal 2022 Fourth Quarter and Year-End Conference Call

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) will host a conference call to discuss results for its fourth quarter and fiscal year ended June 30, 2022 on Friday, Aug...

3 months ago - Business Wire

ChargeFUZE Named Official On-The-Go Mobile Charging Partner of Madison Square Garden Arena

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) announced today a partnership with chargeFUZE, naming the innovative technology company an Official Partner of the Arena...

3 months ago - Business Wire

These 13 Beaten Down Stocks Look Attractive

Walt Disney, Bank of America, Uber Technologies, and 10 other stocks that could be bargains after 2022's market selloff. The vew from Boyar Value Group.

3 months ago - Barrons

Voltus Named an Official Partner of the Arena at Madison Square Garden

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) announced today a partnership with Voltus, Inc. (“Voltus”), naming the leading distributed energy resource (DER) softwar...

3 months ago - Business Wire

MSG Entertainment Announces Two Trey Anastasio Acoustic Performances at the Beacon Theatre - August 19 & 20, 2022

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (MSG Entertainment) (NYSE: MSGE) announced today that Trey Anastasio will play two acoustic performances at the Beacon Theatre on Aug...

4 months ago - Business Wire

Caesars Palace Las Vegas to Debut New Dining Concept, Stanton Social Prime, With Tao Group Hospitality and Chef Chris...

A spin-off of the iconic Stanton Social, a past NYC Lower East Side staple, Stanton Social Prime will join high-profile list of celebrity chef-led restaurants at the Las Vegas Strip Resort LAS VEGAS , J...

Other symbols: CZR
4 months ago - PRNewsWire