Seaport Res Ptn Has Positive Outlook for SPHR Q3 Earnings

Sphere Entertainment Co. (NYSE:SPHR - Free Report) - Research analysts at Seaport Res Ptn lifted their Q3 2026 earnings estimates for shares of Sphere Entertainment in a note issued to investors on Tuesday, March 11th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($1.43) per share for the quarter, up from their prior estimate of ($1.68). 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 2026 earnings at ($1.67) EPS, Q1 2027 earnings at ($2.38) EPS and Q2 2027 earnings at ($1.05) EPS.

SPHR has been the subject of several other research reports. Macquarie decreased their price target on shares of Sphere Entertainment from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday. Benchmark reissued a "sell" rating on shares of Sphere Entertainment in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Sphere Entertainment from $57.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $46.75.

Sphere Entertainment Price Performance

SPHR opened at $30.87 on Friday. The company has a fifty day moving average price of $42.75 and a two-hundred day moving average price of $42.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.56 and a current ratio of 0.56. Sphere Entertainment has a 52 week low of $30.62 and a 52 week high of $50.88. The firm has a market capitalization of $1.11 billion, a PE ratio of -2.94 and a beta of 1.39.

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Institutional Investors Weigh In On Sphere Entertainment

Several institutional investors have recently added to or reduced their stakes in SPHR. FMR LLC boosted its stake in shares of Sphere Entertainment by 76.3% during the 3rd quarter. FMR LLC now owns 110,035 shares of the company's stock worth $4,680,000 after buying an additional 47,635 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Sphere Entertainment during the 3rd quarter worth about $788,000. Entropy Technologies LP boosted its stake in shares of Sphere Entertainment by 108.6% during the 4th quarter. Entropy Technologies LP now owns 13,816 shares of the company's stock worth $557,000 after buying an additional 7,194 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Sphere Entertainment during the 4th quarter worth about $306,000. Finally, SG Americas Securities LLC boosted its stake in shares of Sphere Entertainment by 101.6% during the 4th quarter. SG Americas Securities LLC now owns 11,504 shares of the company's stock worth $464,000 after buying an additional 5,799 shares during the last quarter. 92.03% of the stock is owned by institutional investors.

Insider Activity at Sphere Entertainment

In related news, insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $33.80, for a total value of $1,872,013.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.08% of the stock is currently owned by insiders.

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.

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