Seaport Res Ptn Weighs in on Sphere Entertainment Co.’s Q1 2025 Earnings (NYSE:SPHR)

Sphere Entertainment Co. (NYSE:SPHR) – Investment analysts at Seaport Res Ptn increased their Q1 2025 earnings estimates for shares of Sphere Entertainment in a note issued to investors on Monday, October 7th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of ($1.27) for the quarter, up from their previous estimate of ($2.68). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($9.24) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q2 2025 earnings at ($1.16) EPS, Q3 2025 earnings at ($2.33) EPS, Q4 2025 earnings at ($1.06) EPS, FY2025 earnings at ($5.81) EPS and FY2026 earnings at ($3.82) EPS.

A number of other equities analysts also recently issued reports on the stock. Benchmark reiterated a “sell” rating and issued a $40.00 price target on shares of Sphere Entertainment in a report on Tuesday, September 3rd. Wolfe Research upgraded shares of Sphere Entertainment from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Wednesday, October 2nd. Macquarie raised their target price on shares of Sphere Entertainment from $38.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upgraded shares of Sphere Entertainment from a “neutral” rating to an “overweight” rating and raised their target price for the company from $37.00 to $57.00 in a report on Friday, August 16th. Finally, Guggenheim raised 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.71.

Sphere Entertainment Stock Performance

Shares of SPHR opened at $43.10 on Thursday. The company has a 50-day simple moving average of $43.82 and a 200-day simple moving average of $41.33. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.52 billion, a PE ratio of 3.96 and a beta of 1.41. Sphere Entertainment has a 52-week low of $27.02 and a 52-week high of $51.83.

Sphere Entertainment (NYSE:SPHR) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($2.00) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.47) by $0.47. The business had revenue of $273.40 million during the quarter, compared to the consensus estimate of $271.28 million. Sphere Entertainment had a negative net margin of 19.54% and a negative return on equity of 9.02%. The business’s revenue was up 111.8% compared to the same quarter last year. During the same quarter last year, the firm posted $15.43 EPS.

Institutional Investors Weigh In On Sphere Entertainment

Hedge funds have recently modified their holdings of the stock. Caxton Associates LP lifted its position in Sphere Entertainment by 127.5% during the fourth quarter. Caxton Associates LP now owns 56,581 shares of the company’s stock valued at $1,921,000 after buying an additional 31,713 shares in the last quarter. Greenhaven Road Investment Management L.P. lifted its position in Sphere Entertainment by 18.3% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 225,000 shares of the company’s stock valued at $7,641,000 after buying an additional 34,789 shares in the last quarter. Vanguard Group Inc. lifted its position in Sphere Entertainment by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 2,789,782 shares of the company’s stock valued at $94,741,000 after buying an additional 100,311 shares in the last quarter. O Keefe Stevens Advisory Inc. lifted its position in Sphere Entertainment by 1.5% during the first quarter. O Keefe Stevens Advisory Inc. now owns 166,701 shares of the company’s stock valued at $8,182,000 after buying an additional 2,383 shares in the last quarter. Finally, Radnor Capital Management LLC lifted its position in Sphere Entertainment by 4.2% during the first quarter. Radnor Capital Management LLC now owns 22,845 shares of the company’s stock valued at $1,121,000 after buying an additional 925 shares in the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

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.