Seaport Res Ptn Has Pessimistic View of SPHR Q2 Earnings

Sphere Entertainment Co. (NYSE:SPHR) – Equities researchers at Seaport Res Ptn decreased their Q2 2025 earnings per share estimates for Sphere Entertainment in a note issued to investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of ($1.75) for the quarter, down from their prior forecast of ($1.16). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($9.60) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q3 2025 earnings at ($2.03) EPS and Q4 2025 earnings at ($1.40) EPS.

Sphere Entertainment (NYSE:SPHR) last released its earnings results on Tuesday, November 12th. The company reported ($2.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.32) by $0.37. The company had revenue of $227.90 million during the quarter, compared to the consensus estimate of $229.86 million. Sphere Entertainment had a negative return on equity of 16.26% and a negative net margin of 32.76%. Sphere Entertainment’s quarterly revenue was up 93.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS.

Other research analysts have also recently issued reports about the company. Macquarie reduced their price objective on Sphere Entertainment from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. Bank of America decreased their price target on Sphere Entertainment from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 17th. Wolfe Research raised Sphere Entertainment from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Wednesday, October 2nd. Guggenheim upped their price target on shares of Sphere Entertainment from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Benchmark reissued a “sell” rating and issued a $40.00 price target on shares of Sphere Entertainment in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.43.

Sphere Entertainment Price Performance

Shares of Sphere Entertainment stock opened at $40.00 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. Sphere Entertainment has a 52-week low of $27.02 and a 52-week high of $51.83. The company has a fifty day moving average of $43.40 and a 200-day moving average of $41.38. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -3.81 and a beta of 1.41.

Institutional Trading of Sphere Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of SPHR. Swiss National Bank lifted its position 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 buying an additional 800 shares during the period. QRG Capital Management Inc. bought a new position in shares of Sphere Entertainment in the 1st quarter worth about $203,000. Vanguard Group Inc. lifted its position in Sphere Entertainment by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,807,395 shares of the company’s stock valued at $137,787,000 after acquiring an additional 17,613 shares during the period. MADDEN SECURITIES Corp bought a new stake in Sphere Entertainment during the third quarter worth about $1,237,000. Finally, Evergreen Capital Management LLC purchased a new stake in Sphere Entertainment in the second quarter worth about $1,397,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

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.