Seaport Res Ptn Has Negative Estimate for SPHR Q2 Earnings

Sphere Entertainment Co. (NYSE:SPHR - Free Report) - Investment analysts at Seaport Res Ptn decreased their Q2 2025 earnings per share estimates for Sphere Entertainment in a report issued on Wednesday, July 9th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will earn ($1.40) per share for the quarter, down from their previous estimate 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 have also issued reports on SPHR. Susquehanna initiated coverage on Sphere Entertainment in a research note on Monday, April 28th. They set a "positive" rating and a $37.00 price target on the stock. The Goldman Sachs Group set a $36.00 price target on Sphere Entertainment and gave the company a "buy" rating in a research note on Friday, April 18th. Craig Hallum initiated coverage on Sphere Entertainment in a research note on Monday, June 23rd. They set a "buy" rating and a $75.00 price target on the stock. Benchmark reaffirmed a "sell" rating and set a $35.00 price target on shares of Sphere Entertainment in a research note on Monday, May 19th. Finally, Morgan Stanley cut their target price on Sphere Entertainment from $45.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. One research 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.com, Sphere Entertainment has a consensus rating of "Hold" and a consensus price target of $48.70.

Sphere Entertainment Trading Up 3.4%

Shares of SPHR traded up $1.47 during trading hours on Monday, hitting $44.97. 751,069 shares of the stock traded hands, compared to its average volume of 800,750. 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 firm has a market capitalization of $1.61 billion, a PE ratio of -4.49 and a beta of 1.66. The business has a fifty day moving average of $39.66 and a 200-day moving average of $37.72.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($2.27) earnings per share (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 business had revenue of $280.57 million for the quarter, compared to analyst estimates of $285.01 million. During the same quarter in the prior year, the firm posted ($1.33) earnings per share. The firm's revenue for the quarter was down 12.7% compared to the same quarter last year.

Institutional Investors Weigh In On Sphere Entertainment

A number of hedge funds have recently modified their holdings of SPHR. GAMMA Investing LLC raised its position in shares of Sphere Entertainment by 95.3% during the second quarter. GAMMA Investing LLC now owns 744 shares of the company's stock worth $31,000 after purchasing an additional 363 shares during the period. Sterling Capital Management LLC raised its position in Sphere Entertainment by 826.1% in the 4th quarter. Sterling Capital Management LLC now owns 852 shares of the company's stock valued at $34,000 after buying an additional 760 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Sphere Entertainment in the 4th quarter valued at approximately $40,000. Tower Research Capital LLC TRC raised its position in Sphere Entertainment by 108.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,311 shares of the company's stock valued at $53,000 after buying an additional 681 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Sphere Entertainment in the 4th quarter valued at approximately $93,000. Institutional investors and hedge funds 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.