Seaport Res Ptn Brokers Decrease Earnings Estimates for SPHR

Sphere Entertainment Co. (NYSE:SPHR) – Equities research analysts at Seaport Res Ptn reduced their FY2025 EPS estimates for shares of Sphere Entertainment in a research report issued on Wednesday, September 3rd. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of ($7.09) per share for the year, down from their prior estimate of ($7.05). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($11.47) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q4 2025 earnings at ($0.76) EPS and FY2026 earnings at ($3.10) EPS.

Sphere Entertainment (NYSE:SPHR) last posted its earnings results on Monday, August 11th. The company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.57) by $4.96. Sphere Entertainment had a negative net margin of 14.68% and a negative return on equity of 19.27%. The firm had revenue of $282.68 million for the quarter, compared to the consensus estimate of $280.23 million. During the same period in the previous year, the firm posted ($2.00) EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis.

A number of other research firms also recently weighed in on SPHR. Wall Street Zen upgraded shares of Sphere Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Craig Hallum began coverage on shares of Sphere Entertainment in a research note on Monday, June 23rd. They set a “buy” rating and a $75.00 price target for the company. Benchmark reaffirmed a “sell” rating and set a $35.00 price target on shares of Sphere Entertainment in a research note on Monday, May 19th. Morgan Stanley lifted their price target on shares of Sphere Entertainment from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sphere Entertainment from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sphere Entertainment has an average rating of “Moderate Buy” and an average price target of $49.50.

Sphere Entertainment Stock Performance

Sphere Entertainment stock opened at $51.87 on Monday. The company’s 50-day moving average price is $43.62 and its 200-day moving average price is $37.52. Sphere Entertainment has a twelve month low of $23.89 and a twelve month high of $55.19. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.86 billion, a PE ratio of -9.75 and a beta of 1.74.

Institutional Investors Weigh In On Sphere Entertainment

Several large investors have recently added to or reduced their stakes in SPHR. Ariel Investments LLC boosted its position in Sphere Entertainment by 12.7% in the 2nd quarter. Ariel Investments LLC now owns 7,100,237 shares of the company’s stock valued at $296,790,000 after buying an additional 802,098 shares during the period. Steadfast Capital Management LP boosted its position in Sphere Entertainment by 183.8% in the 4th quarter. Steadfast Capital Management LP now owns 926,100 shares of the company’s stock valued at $37,340,000 after buying an additional 599,800 shares during the period. Goldman Sachs Group Inc. boosted its position in Sphere Entertainment by 132.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 628,886 shares of the company’s stock valued at $20,577,000 after buying an additional 357,794 shares during the period. Deutsche Bank AG lifted its position in shares of Sphere Entertainment by 292.8% in the 1st quarter. Deutsche Bank AG now owns 448,729 shares of the company’s stock worth $14,682,000 after purchasing an additional 334,500 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Sphere Entertainment by 41.2% in the 1st quarter. Northern Trust Corp now owns 523,839 shares of the company’s stock worth $17,140,000 after purchasing an additional 152,893 shares during the period. 92.03% of the stock is owned by hedge funds and other institutional investors.

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.