MSG Entertainment (NASDAQ:MSGE) Receives New Coverage from Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of MSG Entertainment (NASDAQ:MSGE) in a research report report published on Monday morning, 24/7 WallStreet reports. The brokerage issued a buy rating and a $100.00 target price on the stock. Jefferies Financial Group also issued estimates for MSG Entertainment’s Q4 2020 earnings at ($2.75) EPS, Q1 2021 earnings at ($2.16) EPS, Q2 2021 earnings at ($0.27) EPS, Q3 2021 earnings at ($1.08) EPS, Q4 2021 earnings at ($1.27) EPS, FY2021 earnings at ($4.78) EPS, Q1 2022 earnings at ($0.52) EPS, Q2 2022 earnings at $1.32 EPS, Q3 2022 earnings at ($0.61) EPS, Q4 2022 earnings at ($0.41) EPS and FY2022 earnings at ($0.22) EPS.

A number of other brokerages have also recently commented on MSGE. Wolfe Research started coverage on MSG Entertainment in a research note on Thursday, June 25th. They issued an outperform rating and a $118.00 price target for the company. Macquarie initiated coverage on MSG Entertainment in a research report on Tuesday, April 28th. They set an outperform rating and a $115.00 target price for the company. Zacks Investment Research raised MSG Entertainment from a sell rating to a hold rating in a research report on Thursday, June 25th. Oppenheimer initiated coverage on MSG Entertainment in a research report on Monday, April 20th. They set an outperform rating and a $105.00 target price for the company. Finally, Guggenheim initiated coverage on MSG Entertainment in a research report on Wednesday, June 17th. They set a buy rating and a $116.00 target price for the company. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $106.83.

Shares of MSGE opened at $72.85 on Monday. MSG Entertainment has a 52 week low of $58.67 and a 52 week high of $172.47. The firm has a fifty day moving average price of $77.06.

MSG Entertainment (NASDAQ:MSGE) last announced its quarterly earnings results on Monday, May 18th. The company reported ($5.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($4.15) by ($1.21). The firm had revenue of $199.90 million during the quarter, compared to the consensus estimate of $36.95 million. MSG Entertainment’s revenue was down 20.0% compared to the same quarter last year.

In other MSG Entertainment news, SVP Joseph F. Yospe sold 6,450 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $76.39, for a total transaction of $492,715.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MSG Entertainment Company Profile

There is no company description available for Madison Square Garden Entertainment Corp.

Featured Article: How can investors find ex-dividend dates?

Analyst Recommendations for MSG Entertainment (NASDAQ:MSGE)

Receive News & Ratings for MSG Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSG Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.