Q2 EPS Estimate for Sphere Entertainment Reduced by Analyst

Sphere Entertainment Co. (NYSE:SPHR - Free Report) - Analysts at Seaport Res Ptn reduced their Q2 2025 EPS estimates for shares of Sphere Entertainment in a research report issued to clients and investors on Wednesday, July 9th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($1.40) per share for the quarter, down from their previous forecast of ($1.33). The consensus estimate for Sphere Entertainment's current full-year earnings is ($11.47) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment's Q3 2025 earnings at ($1.61) EPS, FY2025 earnings at ($6.27) EPS and FY2026 earnings at ($4.73) EPS.

Several other brokerages also recently commented on SPHR. Craig Hallum assumed coverage on Sphere Entertainment in a report on Monday, June 23rd. They set a "buy" rating and a $75.00 price target on the stock. Wall Street Zen raised Sphere Entertainment from a "sell" rating to a "hold" rating in a research report on Saturday. Susquehanna assumed coverage on Sphere Entertainment in a research report on Monday, April 28th. They issued a "positive" rating and a $37.00 price objective for the company. Guggenheim increased their price objective on Sphere Entertainment from $69.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Benchmark reissued a "sell" rating and issued a $35.00 price objective on shares of Sphere Entertainment in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Sphere Entertainment has a consensus rating of "Hold" and an average target price of $48.70.

Sphere Entertainment Price Performance

NYSE SPHR opened at $42.94 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24. Sphere Entertainment has a 1 year low of $23.89 and a 1 year high of $50.88. The company has a market cap of $1.54 billion, a PE ratio of -4.29 and a beta of 1.66. The stock's 50-day moving average price is $38.52 and its two-hundred day moving average price is $37.57.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($2.27) EPS for the quarter, beating the consensus estimate of ($2.48) by $0.21. Sphere Entertainment had a negative return on equity of 16.78% and a negative net margin of 33.00%. The company had revenue of $280.57 million during the quarter, compared to analysts' expectations of $285.01 million. During the same period in the prior year, the business posted ($1.33) EPS. The business's revenue was down 12.7% on a year-over-year basis.

Institutional Trading of Sphere Entertainment

A number of institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its holdings in Sphere Entertainment by 826.1% during the 4th quarter. Sterling Capital Management LLC now owns 852 shares of the company's stock valued at $34,000 after acquiring an additional 760 shares during the period. Ancora Advisors LLC purchased a new stake in Sphere Entertainment during the 4th quarter valued at about $40,000. Tower Research Capital LLC TRC boosted its holdings in Sphere Entertainment by 108.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,311 shares of the company's stock valued at $53,000 after acquiring an additional 681 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Sphere Entertainment during the 4th quarter valued at about $93,000. Finally, Headlands Technologies LLC purchased a new stake in Sphere Entertainment during the 1st quarter valued at about $123,000. Hedge funds and other institutional investors own 92.03% of the company's stock.

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.

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