Sphere Entertainment Co. (NYSE:SPHR – Get Free Report) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $36.20.
A number of brokerages have weighed in on SPHR. Guggenheim decreased their target price on Sphere Entertainment from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday. Seaport Res Ptn cut shares of Sphere Entertainment from a “buy” rating to a “neutral” rating in a research report on Monday, April 8th.
Check Out Our Latest Stock Report on SPHR
Institutional Trading of Sphere Entertainment
Sphere Entertainment Price Performance
Shares of NYSE:SPHR opened at $35.06 on Wednesday. The company has a 50 day moving average of $37.30 and a 200 day moving average of $38.93. 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 market cap of $1.24 billion, a P/E ratio of 3.22 and a beta of 1.43. Sphere Entertainment has a 12 month low of $27.00 and a 12 month high of $51.83.
Sphere Entertainment (NYSE:SPHR – Get Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.98). Sphere Entertainment had a net margin of 43.36% and a return on equity of 8.11%. The firm had revenue of $321.33 million for the quarter, compared to analysts’ expectations of $324.65 million. During the same quarter last year, the firm earned ($1.08) earnings per share. The firm’s revenue for the quarter was up 98.3% on a year-over-year basis. As a group, sell-side analysts forecast that Sphere Entertainment will post -4.83 EPS for the current fiscal year.
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.
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