Live Nation Entertainment (NYSE:LYV - Get Free Report) released its earnings results on Thursday. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49, Zacks reports. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%.
Live Nation Entertainment Price Performance
Shares of Live Nation Entertainment stock traded up $5.19 during mid-day trading on Monday, reaching $154.59. 3,357,135 shares of the stock were exchanged, compared to its average volume of 2,035,864. Live Nation Entertainment has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The firm has a 50-day simple moving average of $139.57 and a 200 day simple moving average of $123.19. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a market cap of $35.92 billion, a price-to-earnings ratio of 56.84, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.
Wall Street Analyst Weigh In
Several research firms recently commented on LYV. Bank of America upped their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research note on Monday. Evercore ISI increased their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Rosenblatt Securities restated a "buy" rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Citigroup increased their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.00.
View Our Latest Stock Analysis on LYV
About Live Nation Entertainment
(
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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.
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