Seaport Res Ptn Has Negative Outlook of 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) - Stock analysts at Seaport Res Ptn reduced their FY2025 earnings per share estimates for Sphere Entertainment in a report issued on Wednesday, September 3rd. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of ($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.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last issued 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. The company had revenue of $282.68 million for the quarter, compared to analyst estimates of $280.23 million. Sphere Entertainment had a negative return on equity of 19.27% and a negative net margin of 14.68%.The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.00) earnings per share.

Other analysts have also issued reports about the company. Benchmark restated a "sell" rating and issued a $35.00 price target on shares of Sphere Entertainment in a report on Monday, May 19th. Guggenheim upped their target price on Sphere Entertainment from $75.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Sphere Entertainment from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley upped their target price on Sphere Entertainment from $35.00 to $40.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Finally, Craig Hallum assumed coverage on Sphere Entertainment in a research note on Monday, June 23rd. They issued a "buy" rating and a $75.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.70.

Sphere Entertainment Stock Up 2.1%

Shares of Sphere Entertainment stock traded up $1.17 during trading on Monday, reaching $58.13. The stock had a trading volume of 1,878,902 shares, compared to its average volume of 1,180,092. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -10.93 and a beta of 1.74. The stock has a fifty day moving average price of $44.43 and a two-hundred day moving average price of $37.83. Sphere Entertainment has a 52 week low of $23.89 and a 52 week high of $58.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in 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 boosted its position in 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 boosted its position in 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 bought a new position in shares of Sphere Entertainment during the fourth quarter valued at about $93,000. Finally, Tower Research Capital LLC TRC raised 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 acquiring an additional 1,030 shares during the last quarter. 92.03% of the stock is currently 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.