Sphere Entertainment (SPHR) Expected to Announce Earnings on Monday

Sphere Entertainment (NYSE:SPHR) will likely be posting its quarterly earnings results before the market opens on Monday, February 24th. Analysts expect Sphere Entertainment to post earnings of ($2.15) per share and revenue of $293.12 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Sphere Entertainment Price Performance

Shares of SPHR stock opened at $46.97 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.23. Sphere Entertainment has a twelve month low of $32.10 and a twelve month high of $51.83. The company has a market cap of $1.66 billion, a P/E ratio of -4.47 and a beta of 1.39. The business has a fifty day simple moving average of $42.98 and a 200 day simple moving average of $43.11.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Guggenheim dropped their price objective on Sphere Entertainment from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Morgan Stanley dropped their price objective on Sphere Entertainment from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Finally, Macquarie dropped their target price on Sphere Entertainment from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.75.

About Sphere Entertainment

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.