Sphere Entertainment (NYSE:SPHR – Get Free Report) will likely be issuing its quarterly earnings data 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.
Sphere Entertainment Stock Performance
Shares of NYSE:SPHR opened at $47.59 on Friday. The firm has a market capitalization of $1.68 billion, a PE ratio of -4.53 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. The business has a 50-day moving average of $42.80 and a two-hundred day moving average of $43.02. Sphere Entertainment has a 12 month low of $32.10 and a 12 month high of $51.83.
Wall Street Analyst Weigh In
SPHR has been the subject of several research analyst reports. Morgan Stanley dropped their price target on Sphere Entertainment from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Guggenheim dropped their price target 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. Finally, Macquarie dropped their price target on Sphere Entertainment from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sphere Entertainment currently has a consensus rating of “Hold” and a consensus target price of $47.75.
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.
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