Q1 2025 EPS Estimates for Sphere Entertainment Co. Decreased by Analyst (NYSE:SPHR)

Sphere Entertainment Co. (NYSE:SPHR) – Stock analysts at Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for shares of Sphere Entertainment in a research report issued to clients and investors on Monday, September 16th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of ($2.68) for the quarter, down from their prior estimate of ($2.31). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($6.90) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q2 2025 earnings at ($0.79) EPS, Q3 2025 earnings at ($1.37) EPS, Q4 2025 earnings at ($0.43) EPS and FY2025 earnings at ($5.41) EPS.

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

SPHR has been the subject of several other reports. Benchmark reiterated a “sell” rating and set a $40.00 price objective on shares of Sphere Entertainment in a report on Tuesday, September 3rd. Guggenheim reduced their price target on Sphere Entertainment from $48.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, June 27th. JPMorgan Chase & Co. raised Sphere Entertainment from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $57.00 in a research note on Friday, August 16th. Macquarie raised their price objective on shares of Sphere Entertainment from $38.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Finally, Bank of America decreased their target price on shares of Sphere Entertainment from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.83.

Sphere Entertainment Stock Down 2.5 %

SPHR stock opened at $39.99 on Thursday. The company has a 50 day moving average of $43.90 and a two-hundred day moving average of $41.78. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. Sphere Entertainment has a 12-month low of $27.02 and a 12-month high of $51.83. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 3.67 and a beta of 1.41.

Institutional Investors Weigh In On Sphere Entertainment

A number of large investors have recently added to or reduced their stakes in SPHR. The Manufacturers Life Insurance Company raised its position in shares of Sphere Entertainment by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 13,177 shares of the company’s stock valued at $462,000 after purchasing an additional 359 shares during the period. Victory Capital Management Inc. raised its holdings in Sphere Entertainment by 2.2% in the 4th quarter. Victory Capital Management Inc. now owns 20,851 shares of the company’s stock worth $708,000 after acquiring an additional 457 shares during the period. North Star Investment Management Corp. lifted its position in Sphere Entertainment by 0.5% during the 1st quarter. North Star Investment Management Corp. now owns 125,620 shares of the company’s stock worth $6,165,000 after acquiring an additional 620 shares during the last quarter. Blue Trust Inc. acquired a new position in Sphere Entertainment during the 2nd quarter worth $27,000. Finally, Swiss National Bank boosted its holdings in Sphere Entertainment by 1.6% during the first quarter. Swiss National Bank now owns 50,159 shares of the company’s stock valued at $2,462,000 after acquiring an additional 800 shares during the period. Institutional investors own 92.03% of the company’s stock.

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.