Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Sphere Entertainment (SPHR)
NYSE:SPHR
Holding SPHR?
Track your performance easily
SPHR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$27.02 - $51.83
Previous Close$44.03
Volume2.56M
Average Volume (3M)859.01K
Market Cap
$1.58B
Enterprise Value$2.52B
Total Cash (Recent Filing)$553.22M
Total Debt (Recent Filing)$1.50B
Price to Earnings (P/E)―
Beta1.39
Next Earnings
Feb 06, 2025EPS Estimate
-$0.66Last Dividend Ex-Date
Apr 21, 2023Dividend YieldN/A
Share Statistics
EPS (TTM)-5.66
Shares Outstanding35,360,123
10 Day Avg. Volume876,033
30 Day Avg. Volume859,015
Standard Deviation0.17
R-Squared0.16
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.60
Price to Sales (P/S)1.52
Price to Cash Flow (P/CF)-5.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.22
Enterprise Value/Gross Profit5.26
Enterprise Value/Ebitda11.08
Forecast
1Y Price Target
$51.38Price Target Upside25.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Sphere Entertainment News
PremiumCompany Announcements
Sphere Entertainment Co. Reports Strong Q1 Revenue Growth
Bulls Say, Bears Say
Bulls Say
Capital Light Growth StrategySPHR and Abu Dhabi's Department of Culture and Tourism are bringing the world's second Sphere to Abu Dhabi, aligning with SPHR's strategy of capital light growth.
International Expansion PotentialThe company is expected to succeed in signing up international franchise partners, the potential upside from which is not believed to be reflected in the stock price.
Revenue GrowthThe Las Vegas Sphere has established itself as a mainstay in the destination tourism market with travelers and artists alike, generating over $1m in average daily ticket sales.
Bears Say
Debt ManagementSphere failed to amend its Networks term loan and entered into a 'workout' with its lenders.
EarningsThe number of original attraction shows has fallen short of prior expectations, leading to a reduction in forecasts despite the benefits from the Abu Dhabi project.
Financial PerformanceYear two of the Las Vegas Sphere has begun with a lower than expected revenue run-rate as the new 'V-U2' immersive show has underperformed.
---
Ownership Overview
9.89% Insiders
29.93% Mutual Funds
6.00% Other Institutional Investors
36.77% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
SPHR FAQ
What was Sphere Entertainment’s price range in the past 12 months?
Sphere Entertainment lowest stock price was $27.02 and its highest was $51.83 in the past 12 months.
What is Sphere Entertainment’s market cap?
Currently, no data Available
When is Sphere Entertainment’s upcoming earnings report date?
Sphere Entertainment’s upcoming earnings report date is Feb 06, 2025 which is in 77 days.
How were Sphere Entertainment’s earnings last quarter?
Sphere Entertainment released its earnings results on Nov 12, 2024. The company reported -$2.95 earnings per share for the quarter, beating the consensus estimate of -$3.083 by $0.133.
Is Sphere Entertainment overvalued?
According to Wall Street analysts Sphere Entertainment’s price is currently Undervalued.
Does Sphere Entertainment pay dividends?
Sphere Entertainment pays a Notavailable dividend of $32.6 which represents an annual dividend yield of N/A. See more information on Sphere Entertainment dividends here
What is Sphere Entertainment’s EPS estimate?
Sphere Entertainment’s EPS estimate is -$0.66.
How many shares outstanding does Sphere Entertainment have?
Sphere Entertainment has 28,926,508 shares outstanding.
What happened to Sphere Entertainment’s price movement after its last earnings report?
Sphere Entertainment reported an EPS of -$2.95 in its last earnings report, beating expectations of -$3.083. Following the earnings report the stock price went down -6.973%.
Which hedge fund is a major shareholder of Sphere Entertainment?
Among the largest hedge funds holding Sphere Entertainment’s share is Ariel Investments LLC. It holds Sphere Entertainment’s shares valued at 194M.
---
Sphere Entertainment Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$51.38 (25.44% Upside)
$51.38 (25.44% Upside)
Blogger Sentiment
Bullish
SPHR Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 272.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▲ 0.1%
Last 30 Days ▲ 0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.47%
12-Months-Change
Fundamentals
Return on Equity
-8.99%
Trailing 12-Months
Asset Growth
-0.12%
Trailing 12-Months
Company Description
Sphere Entertainment
Madison Square Garden Entertainment Corp is engaged in the entertainment business. The firm offers marquee entertainment content, popular dining and nightlife, and a premier music festival. The company's portfolio of venues includes Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, the Forum in Inglewood, CA and The Chicago Theatre. The firm generates its revenue from ticket sales to its audiences for live events.
---
SPHR Earnings Call
Q1 2024
0:00 / 0:00
---
SPHR Stock 12 Month Forecast
Average Price Target
$51.38
▲(25.44% Upside)
Technical Analysis
Best Analysts Covering SPHR
1 Year
1 Year Success Rate
3/5 ratings generated profit
1 Year Average Return
+11.50%
reiterated a buy rating last month
Copying David Joyce's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +11.50% per trade.
---