Sphere Entertainment (SPHR) Expected to Announce Earnings on Monday

Sphere Entertainment (NYSE:SPHR - Get Free Report) is expected to be releasing its earnings data before the market opens on Monday, February 24th. Analysts expect Sphere Entertainment to post earnings of ($2.15) per share and revenue of $293.12 million for the quarter.

Sphere Entertainment Trading Down 0.9 %

Shares of SPHR stock traded down $0.41 during trading hours on Friday, hitting $46.97. 834,268 shares of the company were exchanged, compared to its average volume of 635,923. The company has a 50 day simple moving average of $42.80 and a two-hundred day simple moving average of $43.02. Sphere Entertainment has a fifty-two week low of $32.10 and a fifty-two week high of $51.83. The firm has a market cap of $1.66 billion, a P/E ratio of -4.47 and a beta of 1.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.56 and a current ratio of 0.56.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPHR. Guggenheim cut their target price on shares of Sphere Entertainment from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Macquarie cut their price target on Sphere Entertainment from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Finally, Morgan Stanley decreased their price objective on Sphere Entertainment from $45.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $47.75.

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.