Sphere Entertainment (NYSE:MSGE) Issues Quarterly Earnings Results, Misses Expectations By $1.05 EPS

Sphere Entertainment (NYSE:MSGE) issued its quarterly earnings data on Thursday. The company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Down 1.6 %

Shares of MSGE traded down $0.58 during trading hours on Thursday, reaching $35.30. 533,106 shares of the company traded hands, compared to its average volume of 375,148. Sphere Entertainment has a 12 month low of $32.40 and a 12 month high of $44.14. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 3.31 and a beta of 0.05. The company’s fifty day moving average price is $35.44 and its two-hundred day moving average price is $38.51.

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.