Seaport Res Ptn Brokers Reduce Earnings Estimates for Sphere Entertainment Co. (NYSE:SPHR)

Sphere Entertainment Co. (NYSE:SPHR) – Analysts at Seaport Res Ptn reduced their Q1 2025 earnings per share estimates for Sphere Entertainment in a report released on Wednesday, August 14th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of ($2.28) for the quarter, down from their previous estimate of ($0.71). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($4.93) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q2 2025 earnings at ($0.76) EPS, Q3 2025 earnings at ($0.78) EPS, Q4 2025 earnings at ($1.14) EPS and FY2025 earnings at ($4.96) EPS.

Sphere Entertainment (NYSE:SPHR) last announced its earnings results on Wednesday, August 14th. The company reported ($2.00) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.47) by $0.47. The business had revenue of $273.40 million for the quarter, compared to analysts’ expectations of $271.28 million. Sphere Entertainment had a return on equity of 8.11% and a net margin of 43.36%. The business’s revenue for the quarter was up 111.8% on a year-over-year basis. During the same period last year, the firm posted $15.43 earnings per share.

SPHR has been the topic of several other research reports. Benchmark initiated coverage on Sphere Entertainment in a research note on Tuesday, July 23rd. They issued a “hold” rating on the stock. Macquarie raised their price objective on Sphere Entertainment from $38.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. raised Sphere Entertainment from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $57.00 in a research note on Friday. Guggenheim decreased their price objective on Sphere Entertainment from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, June 27th. Finally, Morgan Stanley raised their price objective on Sphere Entertainment from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Sphere Entertainment has a consensus rating of “Hold” and a consensus target price of $47.00.

Sphere Entertainment Stock Up 6.4 %

NYSE SPHR opened at $49.22 on Monday. The stock’s 50-day moving average price is $39.66 and its 200-day moving average price is $41.02. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.21. Sphere Entertainment has a 52 week low of $27.02 and a 52 week high of $51.83. The company has a market capitalization of $1.74 billion, a P/E ratio of 4.52 and a beta of 1.41.

Institutional Trading of Sphere Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ariel Investments LLC raised its stake in Sphere Entertainment by 8.2% during the 2nd quarter. Ariel Investments LLC now owns 5,538,121 shares of the company’s stock valued at $194,167,000 after purchasing an additional 419,581 shares during the period. Vanguard Group Inc. increased its stake in Sphere Entertainment by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,807,395 shares of the company’s stock worth $137,787,000 after acquiring an additional 17,613 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in Sphere Entertainment by 4.4% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,542,865 shares of the company’s stock worth $124,804,000 after acquiring an additional 106,651 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Sphere Entertainment by 24.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,534,028 shares of the company’s stock worth $52,095,000 after acquiring an additional 299,931 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Sphere Entertainment by 7.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 960,581 shares of the company’s stock worth $47,145,000 after acquiring an additional 69,001 shares during the last quarter. Institutional investors own 92.03% of the company’s stock.

Sphere Entertainment Company Profile

Sphere Entertainment Co 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.