Sphere Entertainment (SPHR) to Release Earnings on Monday

Sphere Entertainment (NYSE:SPHR) is projected to post its quarterly earnings results 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 Stock Performance

Shares of SPHR stock opened at $46.97 on Friday. Sphere Entertainment has a 12 month low of $32.10 and a 12 month high of $51.83. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -4.47 and a beta of 1.39. The business’s 50-day moving average price is $42.98 and its 200-day moving average price is $43.08.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SPHR shares. Macquarie lowered their price objective on Sphere Entertainment from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Guggenheim lowered their price objective on Sphere Entertainment from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Morgan Stanley lowered their price objective on Sphere Entertainment from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. One 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 company has an average 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.