NYSE:SPHR

Sphere Entertainment (SPHR) Stock Price, News & Analysis

$40.86
-1.37 (-3.24%)
(As of 11:27 AM ET)
Today's Range
$40.71
$42.04
50-Day Range
$37.95
$50.88
52-Week Range
$20.68
$51.83
Volume
136,554 shs
Average Volume
716,616 shs
Market Capitalization
$1.44 billion
P/E Ratio
3.86
Dividend Yield
N/A
Price Target
$35.60

Sphere Entertainment MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
13.6% Downside
$35.60 Price Target
Short Interest
Bearish
22.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of Sphere Entertainment in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$10.71 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($3.88) to ($3.78) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.41 out of 5 stars

Consumer Discretionary Sector

225th out of 270 stocks

Amusement & Recreation Services Industry

11th out of 14 stocks

SPHR stock logo

About Sphere Entertainment Stock (NYSE:SPHR)

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. The company also operates entertainment dining and nightlife venues markets under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.

SPHR Stock Price History

SPHR Stock News Headlines

The 5 Hottest CEO Stock Purchases So Far This Year
Insider buying is good. It shows management's confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO.
The 5 Hottest CEO Stock Purchases So Far This Year
Insider buying is a telling indicator for investors, and no insider is as significant as the CEO. This is a look at the five hottest CEO buys this year.
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The Sizzle Is Fading For Sphere Entertainment
Sphere Entertainment (NYSE:SPHR) Trading Up 4.7%
Sphere Entertainment (NYSE:SPHR) Trading Down 4.8%
At first glance, this chart looks like nonsense…
We can isolate the most bullish dates to buy Netflix each and every year… That’s why one former hedge fund manager calls these dates… “Hotspot Dates”
SPHR Apr 2024 57.000 call
SPHR Mar 2024 57.000 call
SPHR Mar 2024 40.000 put
Sphere Entertainment Co (MQ2.SG)
SPHR Mar 2024 52.500 put
SPHR Apr 2024 50.000 call
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
4/24/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
N/A
Fax
N/A
Employees
1,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.60
High Stock Price Target
$43.00
Low Stock Price Target
$26.00
Potential Upside/Downside
-15.6%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$502.77 million
Pretax Margin
18.18%

Debt

Sales & Book Value

Annual Sales
$573.83 million
Cash Flow
$8.77 per share
Book Value
$74.78 per share

Miscellaneous

Free Float
26,544,000
Market Cap
$1.48 billion
Optionable
Not Optionable
Beta
1.40
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Key Executives

  • Mr. James Lawrence Dolan (Age 69)
    Executive Chairman & CEO
    Comp: $5.34M
  • Mr. David F. Byrnes (Age 54)
    Executive VP, CFO & Treasurer
    Comp: $1.46M
  • Mr. Gregory Brunner (Age 41)
    Senior VP, Controller & Principal Accounting Officer
    Comp: $176.05k
  • Mr. David Granville-Smith (Age 57)
    Executive Vice President
    Comp: $946.54k
  • Ms. Andrea Greenberg (Age 65)
    President & CEO of MSG Networks
    Comp: $4.12M
  • Mr. Ari Danes C.F.A.
    Senior Vice President of Investor Relations, Financial Communications & Treasury
  • Mikyl Cordova
    Executive Vice President of Communications & Marketing
  • Mr. Joel Fisher
    Executive Vice President of Marquee Events and Operations
  • Mr. Richard Constable
    Executive VP & Global Head of Government Affairs and Social Impact
  • Mr. James J. Claffey Jr.
    Executive Vice President of Venue Management

SPHR Stock Analysis - Frequently Asked Questions

Should I buy or sell Sphere Entertainment stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sphere Entertainment in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPHR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPHR, but not buy additional shares or sell existing shares.
View SPHR analyst ratings
or view top-rated stocks.

What is Sphere Entertainment's stock price target for 2024?

7 brokers have issued 1-year target prices for Sphere Entertainment's shares. Their SPHR share price targets range from $26.00 to $43.00. On average, they anticipate the company's share price to reach $35.60 in the next twelve months. This suggests that the stock has a possible downside of 13.6%.
View analysts price targets for SPHR
or view top-rated stocks among Wall Street analysts.

How have SPHR shares performed in 2024?

Sphere Entertainment's stock was trading at $33.96 at the start of the year. Since then, SPHR stock has increased by 21.3% and is now trading at $41.20.
View the best growth stocks for 2024 here
.

When is Sphere Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our SPHR earnings forecast
.

How were Sphere Entertainment's earnings last quarter?

Sphere Entertainment Co. (NYSE:SPHR) issued its quarterly earnings data on Monday, February, 5th. The company reported ($4.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by $4.42. The firm earned $314.16 million during the quarter, compared to analyst estimates of $303.28 million. Sphere Entertainment had a net margin of 40.36% and a trailing twelve-month return on equity of 8.91%. Sphere Entertainment's revenue was up 96.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 EPS.

What ETFs hold Sphere Entertainment's stock?
Who are Sphere Entertainment's major shareholders?

Sphere Entertainment's stock is owned by many different institutional and retail investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.47%), Radnor Capital Management LLC (0.07%), Redmont Wealth Advisors LLC (0.04%), Cannon Global Investment Management LLC (0.02%) and Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Andrea Greenberg, Entertainment Co Sphere and James Lawrence Dolan.
View institutional ownership trends
.

How do I buy shares of Sphere Entertainment?

Shares of SPHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SPHR) was last updated on 4/24/2024 by MarketBeat.com Staff

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