Seaport Res Ptn Brokers Decrease Earnings Estimates for SPHR

Sphere Entertainment Co. (NYSE:SPHR) – Investment analysts at Seaport Res Ptn lowered their FY2025 earnings estimates for shares of Sphere Entertainment in a research note issued on Wednesday, September 3rd. Seaport Res Ptn analyst D. Joyce now forecasts that the company will earn ($7.09) per share for the year, down from their previous 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.

Several other research firms have also commented on SPHR. Morgan Stanley boosted their price objective on shares of 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 objective on shares of Sphere Entertainment in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their price objective on shares of Sphere Entertainment from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Craig Hallum initiated coverage on shares of Sphere Entertainment in a research note on Monday, June 23rd. They set a “buy” rating and a $75.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Sphere Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Sphere Entertainment Price Performance

Shares of SPHR opened at $51.87 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $1.86 billion, a PE ratio of -9.75 and a beta of 1.74. The company has a 50 day moving average price of $43.62 and a 200-day moving average price of $37.52. Sphere Entertainment has a fifty-two week low of $23.89 and a fifty-two week high of $55.19.

Sphere Entertainment (NYSE:SPHR) last announced its quarterly earnings results on Monday, August 11th. The company reported $3.39 earnings per share for the quarter, topping the consensus estimate of ($1.57) by $4.96. Sphere Entertainment had a negative net margin of 14.68% and a negative return on equity of 19.27%. The firm had revenue of $282.68 million during the quarter, compared to analysts’ expectations of $280.23 million. During the same quarter in the prior year, the company earned ($2.00) EPS. The company’s revenue was up 3.4% compared to the same quarter last year.

Institutional Trading of Sphere Entertainment

A number of hedge funds have recently added to or reduced their stakes in the company. Ariel Investments LLC boosted its holdings in Sphere Entertainment by 12.7% during the second quarter. Ariel Investments LLC now owns 7,100,237 shares of the company’s stock worth $296,790,000 after buying an additional 802,098 shares in the last quarter. Steadfast Capital Management LP boosted its holdings in Sphere Entertainment by 183.8% during the fourth quarter. Steadfast Capital Management LP now owns 926,100 shares of the company’s stock worth $37,340,000 after buying an additional 599,800 shares in the last quarter. Holocene Advisors LP boosted its holdings in Sphere Entertainment by 23.2% during the second quarter. Holocene Advisors LP now owns 760,160 shares of the company’s stock worth $31,775,000 after buying an additional 142,997 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sphere Entertainment by 1.5% during the second quarter. Geode Capital Management LLC now owns 650,037 shares of the company’s stock worth $27,175,000 after buying an additional 9,746 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Sphere Entertainment by 132.0% during the first quarter. Goldman Sachs Group Inc. now owns 628,886 shares of the company’s stock worth $20,577,000 after buying an additional 357,794 shares in the last quarter. 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.