What is Seaport Res Ptn's Forecast for SPHR FY2025 Earnings?

Key Points

• Seaport Res Ptn has lowered its FY2025 earnings per share estimate for Sphere Entertainment to ($7.09), slightly down from a previous estimate of ($7.05).
• The consensus estimate for Sphere Entertainment's current full-year earnings is ($11.47) per share, indicating a significant expected loss.
• Despite the pessimistic outlook, the average stock rating for Sphere Entertainment remains a "Moderate Buy", with a price target of approximately $49.50.

Sphere Entertainment Co. (NYSE:SPHR - Free Report) - Seaport Res Ptn reduced their FY2025 earnings per share (EPS) estimates for shares of Sphere Entertainment in a research note issued on Wednesday, September 3rd. Seaport Res Ptn analyst D. Joyce now anticipates that the company will earn ($7.09) per share for the year, down from their prior estimate of ($7.05). 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 Q4 2025 earnings at ($0.76) EPS and FY2026 earnings at ($3.10) EPS.

A number of other equities analysts also recently weighed in on the stock. Craig Hallum began coverage on shares of Sphere Entertainment in a report on Monday, June 23rd. They issued a "buy" rating and a $75.00 price target on the stock. Guggenheim boosted their price target on shares of Sphere Entertainment from $75.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley increased their price target on Sphere Entertainment from $35.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Benchmark reiterated a "sell" rating and set a $35.00 price target on shares of Sphere Entertainment in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. increased their price target on Sphere Entertainment from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $49.70.

Sphere Entertainment Stock Performance

Shares of NYSE:SPHR traded up $0.24 during midday trading on Monday, reaching $57.20. The company had a trading volume of 211,016 shares, compared to its average volume of 852,055. The company's 50 day moving average price is $44.13 and its 200 day moving average price is $37.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.05 billion, a P/E ratio of -10.76 and a beta of 1.74. Sphere Entertainment has a 52-week low of $23.89 and a 52-week high of $58.70.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $3.39 EPS for the quarter, beating analysts' consensus estimates of ($1.57) by $4.96. Sphere Entertainment had a negative return on equity of 19.27% and a negative net margin of 14.68%.The business had revenue of $282.68 million during the quarter, compared to analyst estimates of $280.23 million. During the same period in the prior year, the firm posted ($2.00) EPS. Sphere Entertainment's quarterly revenue was up 3.4% compared to the same quarter last year.

Hedge Funds Weigh In On Sphere Entertainment

Several hedge funds have recently made changes to their positions in SPHR. GAMMA Investing LLC increased its stake in shares of Sphere Entertainment by 95.3% during the second quarter. GAMMA Investing LLC now owns 744 shares of the company's stock valued at $31,000 after buying an additional 363 shares during the period. CWM LLC increased its stake in shares of Sphere Entertainment by 915.3% during the second quarter. CWM LLC now owns 731 shares of the company's stock valued at $31,000 after buying an additional 659 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Sphere Entertainment by 108.1% during the fourth 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 period. Public Employees Retirement System of Ohio purchased a new position in shares of Sphere Entertainment during the fourth quarter valued at approximately $93,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Sphere Entertainment by 81.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,294 shares of the company's stock valued at $96,000 after buying an additional 1,030 shares during the period. 92.03% of the stock is owned by hedge funds and other institutional investors.

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.