Seaport Res Ptn Issues Positive Forecast for SPHR Earnings

Sphere Entertainment Co. (NYSE:SPHR) – Investment analysts at Seaport Res Ptn raised their Q3 2026 earnings estimates for Sphere Entertainment in a note issued to investors on Tuesday, March 11th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($1.43) per share for the quarter, up from their prior forecast of ($1.68). 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 2026 earnings at ($1.67) EPS, Q1 2027 earnings at ($2.38) EPS and Q2 2027 earnings at ($1.05) EPS.

Other equities analysts also recently issued reports about the stock. Benchmark reaffirmed a “sell” rating on shares of Sphere Entertainment in a research note on Monday, March 3rd. Macquarie dropped their target price on shares of Sphere Entertainment from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sphere Entertainment from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.75.

Sphere Entertainment Price Performance

NYSE:SPHR opened at $31.63 on Friday. The firm has a market cap of $1.13 billion, a PE ratio of -3.01 and a beta of 1.39. Sphere Entertainment has a 12 month low of $30.62 and a 12 month high of $50.88. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $42.53 and its two-hundred day moving average price is $42.29.

Institutional Investors Weigh In On Sphere Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of SPHR. Sterling Capital Management LLC raised its stake in shares of Sphere Entertainment by 826.1% during the fourth quarter. Sterling Capital Management LLC now owns 852 shares of the company’s stock worth $34,000 after buying an additional 760 shares during the last quarter. Ancora Advisors LLC acquired a new position in Sphere Entertainment during the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC grew its holdings in Sphere Entertainment by 108.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,311 shares of the company’s stock valued at $53,000 after purchasing an additional 681 shares during the period. Blue Trust Inc. grew its holdings in Sphere Entertainment by 149.5% during the fourth quarter. Blue Trust Inc. now owns 1,522 shares of the company’s stock valued at $67,000 after purchasing an additional 912 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Sphere Entertainment during the fourth quarter valued at approximately $93,000. 92.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $33.80, for a total transaction of $1,872,013.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.08% of the stock is currently owned by insiders.

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.