Sphere Entertainment Co. Expected to Earn Q1 2025 Earnings of ($2.28) Per Share (NYSE:SPHR)

Sphere Entertainment Co. (NYSE:SPHR) – Investment analysts at Seaport Res Ptn decreased their Q1 2025 earnings per share estimates for shares of Sphere Entertainment in a research note issued to investors on Wednesday, August 14th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of ($2.28) per share for the quarter, down from their previous estimate of ($0.71). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($4.93) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q2 2025 earnings at ($0.76) EPS, Q3 2025 earnings at ($0.78) EPS, Q4 2025 earnings at ($1.14) EPS and FY2025 earnings at ($4.96) EPS.

Several other research analysts have also recently weighed in on the company. Benchmark started coverage on Sphere Entertainment in a report on Tuesday, July 23rd. They set a “hold” rating on the stock. Guggenheim lowered their target price on Sphere Entertainment from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. upgraded Sphere Entertainment from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $37.00 to $57.00 in a report on Friday, August 16th. Morgan Stanley boosted their target price on Sphere Entertainment from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, Macquarie boosted their target price on Sphere Entertainment from $38.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.00.

Sphere Entertainment Trading Down 2.1 %

Shares of Sphere Entertainment stock opened at $48.48 on Monday. The stock has a market cap of $1.71 billion, a P/E ratio of 4.45 and a beta of 1.41. The stock’s 50 day simple moving average is $40.15 and its 200-day simple moving average is $41.20. Sphere Entertainment has a 1-year low of $27.02 and a 1-year high of $51.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.65 and a quick ratio of 0.65.

Sphere Entertainment (NYSE:SPHR) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($2.00) EPS for the quarter, topping the consensus estimate of ($2.47) by $0.47. Sphere Entertainment had a return on equity of 8.11% and a net margin of 43.36%. The company had revenue of $273.40 million during the quarter, compared to analyst estimates of $271.28 million. During the same period in the previous year, the business earned $15.43 EPS. Sphere Entertainment’s quarterly revenue was up 111.8% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Ariel Investments LLC increased its position in shares of Sphere Entertainment by 8.2% during the second quarter. Ariel Investments LLC now owns 5,538,121 shares of the company’s stock worth $194,167,000 after acquiring an additional 419,581 shares during the period. Vanguard Group Inc. increased its position in shares of Sphere Entertainment by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,807,395 shares of the company’s stock worth $137,787,000 after acquiring an additional 17,613 shares during the period. Jericho Capital Asset Management L.P. increased its position in shares of Sphere Entertainment by 4.4% during the first quarter. Jericho Capital Asset Management L.P. now owns 2,542,865 shares of the company’s stock worth $124,804,000 after acquiring an additional 106,651 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Sphere Entertainment by 24.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,534,028 shares of the company’s stock worth $52,095,000 after acquiring an additional 299,931 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of Sphere Entertainment by 7.7% during the first quarter. Gamco Investors INC. ET AL now owns 960,581 shares of the company’s stock worth $47,145,000 after acquiring an additional 69,001 shares during the period. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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.