Seaport Res Ptn Brokers Lower Earnings Estimates for SPHR

Sphere Entertainment Co. (NYSE:SPHR - Free Report) - Equities researchers at Seaport Res Ptn dropped their Q2 2025 EPS estimates for Sphere Entertainment in a note issued to investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of ($1.75) per share for the quarter, down from their prior forecast of ($1.16). The consensus estimate for Sphere Entertainment's current full-year earnings is ($9.60) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment's Q3 2025 earnings at ($2.03) EPS and Q4 2025 earnings at ($1.40) EPS.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($2.95) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($3.32) by $0.37. The company had revenue of $227.90 million for the quarter, compared to analyst estimates of $229.86 million. Sphere Entertainment had a negative net margin of 32.76% and a negative return on equity of 16.26%. The business's quarterly revenue was up 93.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 earnings per share.

SPHR has been the topic of a number of other research reports. Macquarie dropped their price objective on shares of Sphere Entertainment from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wolfe Research upgraded shares of Sphere Entertainment from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded shares of Sphere Entertainment from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $37.00 to $57.00 in a research note on Friday, August 16th. Benchmark restated a "sell" rating and issued a $40.00 price target on shares of Sphere Entertainment in a research note on Tuesday, September 3rd. Finally, Guggenheim lifted their price target on shares of Sphere Entertainment from $58.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $50.43.

Sphere Entertainment Stock Up 1.1 %

Shares of SPHR traded up $0.45 during mid-day trading on Friday, reaching $40.81. 384,839 shares of the stock traded hands, compared to its average volume of 749,227. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -3.87 and a beta of 1.41. The stock has a fifty day simple moving average of $43.47 and a 200 day simple moving average of $41.38. Sphere Entertainment has a 12-month low of $27.02 and a 12-month high of $51.83. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ariel Investments LLC grew its position in Sphere Entertainment by 8.2% in the second quarter. Ariel Investments LLC now owns 5,538,121 shares of the company's stock worth $194,167,000 after buying an additional 419,581 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Sphere Entertainment by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,807,395 shares of the company's stock valued at $137,787,000 after acquiring an additional 17,613 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of Sphere Entertainment by 4.4% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,542,865 shares of the company's stock valued at $124,804,000 after acquiring an additional 106,651 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Sphere Entertainment by 7.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 960,581 shares of the company's stock valued at $47,145,000 after acquiring an additional 69,001 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Sphere Entertainment by 0.6% during the 1st quarter. Gabelli Funds LLC now owns 673,826 shares of the company's stock valued at $33,071,000 after acquiring an additional 3,956 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company's stock.

About Sphere Entertainment

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.