After finishing at $38.16 in the prior trading day, Madison Square Garden Entertainment Corp. (NYSE: MSGE) closed at $37.76, down -1.05%. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 526612 shares were traded.
Ratios:
Our goal is to gain a better understanding of MSGE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.47.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on August 22, 2023, initiated with a Buy rating and assigned the stock a target price of $41.
On August 11, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $38.
On June 01, 2023, Macquarie started tracking the stock assigning a Outperform rating and target price of $43.Macquarie initiated its Outperform rating on June 01, 2023, with a $43 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when DOLAN JAMES LAWRENCE sold 100,000 shares for $38.20 per share. The transaction valued at 3,819,790 led to the insider holds 192,143 shares of the business.
DOLAN JAMES LAWRENCE sold 28,796 shares of MSGE for $1,085,764 on Feb 28 ’24. The Executive Chairman / CEO now owns 292,143 shares after completing the transaction at $37.71 per share. On Feb 27 ’24, another insider, DOLAN JAMES LAWRENCE, who serves as the Executive Chairman / CEO of the company, sold 39,303 shares for $36.95 each. As a result, the insider received 1,452,246 and left with 320,939 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MSGE now has a Market Capitalization of 1.81B and an Enterprise Value of 2.75B. As of this moment, Madison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.44, and their Forward P/E ratio for the next fiscal year is 25.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03. Its current Enterprise Value per Revenue stands at 3.07 whereas that against EBITDA is 14.80.
Stock Price History:
Over the past 52 weeks, MSGE has reached a high of $40.81, while it has fallen to a 52-week low of $27.55. The 50-Day Moving Average of the stock is 34.43, while the 200-Day Moving Average is calculated to be 33.25.
Shares Statistics:
The stock has traded on average 536.94K shares per day over the past 3-months and 445.07k shares per day over the last 10 days, according to various share statistics. A total of 44.18M shares are outstanding, with a floating share count of 39.99M. Insiders hold about 16.67% of the company’s shares, while institutions hold 82.59% stake in the company. Shares short for MSGE as of Feb 15, 2024 were 1.98M with a Short Ratio of 3.68, compared to 1.46M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.12% and a Short% of Float of 5.99%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. The consensus estimate for the next quarter is -$0.56, with high estimates of -$0.31 and low estimates of -$0.7.
Analysts are recommending an EPS of between $1.5 and $0.73 for the fiscal current year, implying an average EPS of $1.11. EPS for the following year is $1.5, with 7 analysts recommending between $1.79 and $1.21.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for MSGE’s current fiscal year. The highest revenue estimate was $948M, while the lowest revenue estimate was $939.44M, resulting in an average revenue estimate of $942.46M. In the same quarter a year ago, actual revenue was $851.5M, up 10.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $995.65M in the next fiscal year. The high estimate is $1.01B and the low estimate is $988M. The average revenue growth estimate for next year is up 5.60% from the average revenue estimate for this year.
