Seaport Res Ptn Issues Negative Estimate for SPHR Earnings

Sphere Entertainment Co. (NYSE:SPHR) – Equities research analysts at Seaport Res Ptn decreased their Q2 2025 EPS estimates for shares of Sphere Entertainment in a research note issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will earn ($1.75) per share for the quarter, down from their previous 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) last released its earnings results on Tuesday, November 12th. The company reported ($2.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.32) by $0.37. The firm 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 earnings per share.

Several other research analysts have also commented on SPHR. Bank of America cut their price target on Sphere Entertainment from $45.00 to $43.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 17th. JPMorgan Chase & Co. raised shares of Sphere Entertainment from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $37.00 to $57.00 in a report on Friday, August 16th. Macquarie lowered 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 report on Wednesday. Guggenheim increased their target price 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. Finally, Wolfe Research raised Sphere Entertainment from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.43.

Sphere Entertainment Trading Down 3.2 %

SPHR stock opened at $40.39 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The company’s 50 day moving average is $43.54 and its two-hundred day moving average is $41.39. Sphere Entertainment has a twelve month low of $27.02 and a twelve month high of $51.83.

Institutional Trading of Sphere Entertainment

A number of institutional investors have recently modified their holdings of SPHR. Blue Trust Inc. purchased a new stake in shares of Sphere Entertainment during the 2nd quarter worth $27,000. Summit Securities Group LLC purchased a new position in Sphere Entertainment in the second quarter valued at about $54,000. 1832 Asset Management L.P. purchased a new position in Sphere Entertainment in the first quarter valued at about $85,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Sphere Entertainment by 46.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,560 shares of the company’s stock worth $111,000 after purchasing an additional 810 shares in the last quarter. Finally, Quent Capital LLC raised its position in shares of Sphere Entertainment by 51.8% during the 2nd quarter. Quent Capital LLC now owns 4,034 shares of the company’s stock worth $141,000 after purchasing an additional 1,376 shares during the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

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.