Seaport Res Ptn Comments on Sphere Entertainment Co.’s Q1 2025 Earnings (NYSE:SPHR)

Sphere Entertainment Co. (NYSE:SPHR) – Seaport Res Ptn decreased their Q1 2025 earnings per share (EPS) estimates for shares of Sphere Entertainment in a report released on Wednesday, August 14th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of ($2.28) for the quarter, down from their previous forecast of ($0.71). The consensus estimate for Sphere Entertainment’s current full-year earnings is ($4.93) per share. Seaport Res Ptn also issued estimates for Sphere Entertainment’s Q2 2025 earnings at ($0.76) EPS, Q3 2025 earnings at ($0.78) EPS, Q4 2025 earnings at ($1.14) EPS and FY2025 earnings at ($4.96) EPS.

Sphere Entertainment (NYSE:SPHR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($2.00) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.47) by $0.47. The firm had revenue of $273.40 million during the quarter, compared to the consensus estimate of $271.28 million. Sphere Entertainment had a return on equity of 8.11% and a net margin of 43.36%. The company’s revenue for the quarter was up 111.8% on a year-over-year basis. During the same quarter last year, the company posted $15.43 EPS.

A number of other equities analysts have also recently weighed in on SPHR. Benchmark started coverage on Sphere Entertainment in a report on Tuesday, July 23rd. They set a “hold” rating on the stock. Macquarie raised their price objective on Sphere Entertainment from $38.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Guggenheim decreased their price objective on Sphere Entertainment from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, June 27th. Morgan Stanley raised their price objective on Sphere Entertainment from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. raised Sphere Entertainment from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $37.00 to $57.00 in a report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $47.00.

Sphere Entertainment Stock Performance

Shares of SPHR opened at $48.48 on Monday. The company has a market cap of $1.71 billion, a PE ratio of 4.45 and a beta of 1.41. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $40.15 and a 200-day moving average price of $41.20. Sphere Entertainment has a 12-month low of $27.02 and a 12-month high of $51.83.

Hedge Funds Weigh In On Sphere Entertainment

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in shares of Sphere Entertainment by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 13,177 shares of the company’s stock valued at $462,000 after buying an additional 359 shares during the period. Victory Capital Management Inc. boosted its position in shares of Sphere Entertainment by 2.2% during the fourth quarter. Victory Capital Management Inc. now owns 20,851 shares of the company’s stock valued at $708,000 after purchasing an additional 457 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Sphere Entertainment by 0.5% during the first quarter. North Star Investment Management Corp. now owns 125,620 shares of the company’s stock valued at $6,165,000 after purchasing an additional 620 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Sphere Entertainment during the second quarter valued at approximately $27,000. Finally, Swiss National Bank boosted its position in shares of 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 purchasing an additional 800 shares in the last quarter. 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.