Q1 2025 Earnings Estimate for Sphere Entertainment Co. Issued By Seaport Res Ptn (NYSE:SPHR)

Sphere Entertainment Co. (NYSE:SPHR) – Investment analysts at Seaport Res Ptn cut their Q1 2025 earnings estimates for Sphere Entertainment in a research report issued on Monday, September 16th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn ($2.68) per share for the quarter, down from their prior forecast of ($2.31). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($6.90) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q2 2025 earnings at ($0.79) EPS, Q3 2025 earnings at ($1.37) EPS, Q4 2025 earnings at ($0.43) EPS and FY2025 earnings at ($5.41) EPS.

Sphere Entertainment (NYSE:SPHR) last issued its earnings results on Wednesday, August 14th. The company reported ($2.00) EPS for the quarter, beating the consensus estimate of ($2.47) by $0.47. Sphere Entertainment had a negative return on equity of 9.02% and a negative net margin of 19.54%. The business had revenue of $273.40 million for the quarter, compared to the consensus estimate of $271.28 million. During the same period last year, the business posted $15.43 EPS. The company’s revenue was up 111.8% compared to the same quarter last year.

SPHR has been the topic of several other research reports. Bank of America lowered their target price on shares of Sphere Entertainment from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday. Guggenheim raised their target price on shares of Sphere Entertainment from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley lifted their target price on shares of Sphere Entertainment from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. raised Sphere Entertainment from a “neutral” rating to an “overweight” rating and increased their price target for the company from $37.00 to $57.00 in a report on Friday, August 16th. Finally, Macquarie lifted their price objective on Sphere Entertainment from $38.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.17.

Sphere Entertainment Trading Up 6.9 %

Sphere Entertainment stock opened at $42.75 on Thursday. Sphere Entertainment has a one year low of $27.02 and a one year high of $51.83. The business’s fifty day moving average is $43.88 and its 200 day moving average is $41.79. The stock has a market capitalization of $1.51 billion, a PE ratio of 3.93 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Ariel Investments LLC raised its holdings in Sphere Entertainment by 8.2% in the 2nd quarter. Ariel Investments LLC now owns 5,538,121 shares of the company’s stock worth $194,167,000 after purchasing an additional 419,581 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sphere Entertainment by 24.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,534,028 shares of the company’s stock worth $52,095,000 after buying an additional 299,931 shares during the period. Millennium Management LLC lifted its position in shares of Sphere Entertainment by 356.8% during the 2nd quarter. Millennium Management LLC now owns 335,238 shares of the company’s stock valued at $11,753,000 after buying an additional 261,857 shares in the last quarter. Bornite Capital Management LP purchased a new position in shares of Sphere Entertainment during the 1st quarter valued at about $9,816,000. Finally, Renaissance Technologies LLC grew its stake in shares of Sphere Entertainment by 134.4% during the 2nd quarter. Renaissance Technologies LLC now owns 332,435 shares of the company’s stock valued at $11,655,000 after acquiring an additional 190,600 shares during the period. Hedge funds and other 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.