Seaport Res Ptn Issues Optimistic Forecast for SPHR Earnings

Sphere Entertainment Co. (NYSE:SPHR) – Seaport Res Ptn increased their FY2025 earnings estimates for shares of Sphere Entertainment in a report released on Wednesday, November 5th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of ($6.36) per share for the year, up from their previous estimate of ($6.96). 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 ($0.27) EPS, Q1 2026 earnings at ($1.25) EPS, Q2 2026 earnings at ($0.75) EPS, Q3 2026 earnings at ($0.70) EPS, Q4 2026 earnings at ($0.65) EPS and FY2026 earnings at ($3.35) EPS.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen raised Sphere Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. The Goldman Sachs Group increased their price objective on shares of Sphere Entertainment from $69.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday. BTIG Research started coverage on shares of Sphere Entertainment in a research note on Monday, October 6th. They set a “neutral” rating on the stock. Benchmark increased their price target on Sphere Entertainment from $35.00 to $45.00 and gave the company a “sell” rating in a research note on Wednesday. Finally, Guggenheim raised their price objective on Sphere Entertainment from $78.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sphere Entertainment presently has a consensus rating of “Hold” and a consensus price target of $63.88.

Sphere Entertainment Price Performance

Sphere Entertainment stock opened at $73.05 on Friday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -14.13 and a beta of 1.79. The company has a current ratio of 0.96, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. Sphere Entertainment has a 12 month low of $23.89 and a 12 month high of $74.50. The stock’s 50 day moving average is $60.37 and its 200-day moving average is $46.27.

Sphere Entertainment (NYSE:SPHR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($1.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.62) by $0.25. Sphere Entertainment had a negative net margin of 13.87% and a negative return on equity of 17.20%. The firm had revenue of $262.51 million during the quarter, compared to the consensus estimate of $259.34 million.

Institutional Trading of Sphere Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. bought a new position in Sphere Entertainment during the 3rd quarter worth $720,000. Jones Financial Companies Lllp grew its position in shares of Sphere Entertainment by 190.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,215 shares of the company’s stock valued at $72,000 after buying an additional 796 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Sphere Entertainment in the third quarter valued at about $239,000. AlphaQuest LLC increased its stake in shares of Sphere Entertainment by 3.9% in the third quarter. AlphaQuest LLC now owns 8,461 shares of the company’s stock valued at $526,000 after buying an additional 321 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Sphere Entertainment by 2.0% during the third quarter. Arizona State Retirement System now owns 7,758 shares of the company’s stock worth $482,000 after acquiring an additional 152 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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.