Sphere Entertainment (SPHR) Expected to Announce Earnings on Monday

Sphere Entertainment (NYSE:SPHR) is expected to be announcing its earnings results before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of ($2.15) per share and revenue of $293.12 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Sphere Entertainment Trading Down 0.9 %

NYSE SPHR opened at $46.97 on Friday. The business has a 50 day simple moving average of $42.98 and a 200 day simple moving average of $43.11. Sphere Entertainment has a one year low of $32.10 and a one year high of $51.83. The stock has a market capitalization 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 current ratio of 0.56 and a quick ratio of 0.56.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SPHR shares. Guggenheim decreased their target price on Sphere Entertainment from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Morgan Stanley cut their price target on Sphere Entertainment from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Macquarie cut their price target on Sphere Entertainment from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.75.

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.