Sphere Entertainment (SPHR) Projected to Post Earnings on Thursday

Sphere Entertainment (NYSE:SPHR) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect Sphere Entertainment to post earnings of ($2.46) per share and revenue of $285.01 million for the quarter.

Sphere Entertainment Trading Up 4.1 %

Shares of SPHR opened at $29.08 on Wednesday. The stock’s 50-day moving average price is $30.47 and its 200 day moving average price is $38.22. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -2.77 and a beta of 1.51. Sphere Entertainment has a 12-month low of $23.89 and a 12-month high of $50.88.

Insider Activity at Sphere Entertainment

In other news, insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $33.80, for a total value of $1,872,013.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 25.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on SPHR. Susquehanna began coverage on Sphere Entertainment in a research note on Monday, April 28th. They issued a “positive” rating and a $37.00 target price for the company. Macquarie dropped their price objective on shares of Sphere Entertainment from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Morgan Stanley decreased their target price on shares of Sphere Entertainment from $45.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Guggenheim reissued a “buy” rating and issued a $69.00 price target on shares of Sphere Entertainment in a research report on Wednesday, April 23rd. Finally, Benchmark reaffirmed a “sell” rating on shares of Sphere Entertainment in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $45.67.

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.