Seaport Res Ptn Has Bullish Outlook for LYV FY2025 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) - Equities research analysts at Seaport Res Ptn raised their FY2025 earnings per share (EPS) estimates for Live Nation Entertainment in a research report issued to clients and investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will earn $2.06 per share for the year, up from their prior estimate of $1.97. The consensus estimate for Live Nation Entertainment's current full-year earnings is $1.18 per share.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to analysts' expectations of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 EPS.

LYV has been the topic of several other reports. Deutsche Bank Aktiengesellschaft boosted their target price on Live Nation Entertainment from $122.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their price objective on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. TD Cowen increased their price target on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, StockNews.com cut Live Nation Entertainment from a "hold" rating to a "sell" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Live Nation Entertainment has an average rating of "Moderate Buy" and an average price target of $135.71.

Live Nation Entertainment Trading Down 2.1 %

LYV traded down $2.69 during midday trading on Wednesday, reaching $126.98. 4,469,044 shares of the company's stock traded hands, compared to its average volume of 2,170,617. Live Nation Entertainment has a 52 week low of $81.38 and a 52 week high of $130.76. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a fifty day moving average of $111.36 and a two-hundred day moving average of $100.15. The stock has a market capitalization of $29.25 billion, a price-to-earnings ratio of 135.09, a P/E/G ratio of 3.15 and a beta of 1.33.

Insider Activity

In related news, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $94.11, for a total transaction of $141,165.00. Following the sale, the director now directly owns 59,789 shares of the company's stock, valued at approximately $5,626,742.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Jeffrey T. Hinson sold 1,500 shares of the business's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the transaction, the director now owns 59,789 shares in the company, valued at $5,626,742.79. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ping Fu sold 1,701 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $96.56, for a total value of $164,248.56. Following the sale, the director now directly owns 15,128 shares in the company, valued at $1,460,759.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 177,000 shares of company stock worth $17,238,181 over the last three months. 2.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Live Nation Entertainment

A number of large investors have recently made changes to their positions in the stock. Cromwell Holdings LLC boosted its position in Live Nation Entertainment by 25.7% in the third quarter. Cromwell Holdings LLC now owns 431 shares of the company's stock worth $47,000 after purchasing an additional 88 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Live Nation Entertainment by 2.8% in the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company's stock worth $352,000 after buying an additional 89 shares during the last quarter. Vontobel Holding Ltd. grew its position in Live Nation Entertainment by 1.4% during the third quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company's stock valued at $728,000 after buying an additional 95 shares during the period. Empirical Finance LLC increased its holdings in Live Nation Entertainment by 2.3% during the third quarter. Empirical Finance LLC now owns 4,639 shares of the company's stock valued at $508,000 after buying an additional 105 shares during the last quarter. Finally, Mystic Asset Management Inc. raised its position in Live Nation Entertainment by 2.1% in the second quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company's stock worth $491,000 after acquiring an additional 110 shares during the period. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.