Live Nation Entertainment, Inc. (NYSE:LYV) Forecasted to Post FY2024 Earnings of $1.05 Per Share

Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) - Investment analysts at Zacks Research dropped their FY2024 earnings per share estimates for Live Nation Entertainment in a report issued on Tuesday, August 20th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $1.05 per share for the year, down from their prior estimate of $1.10. The consensus estimate for Live Nation Entertainment's current full-year earnings is $1.21 per share. Zacks Research also issued estimates for Live Nation Entertainment's Q2 2025 earnings at $1.05 EPS, Q3 2025 earnings at $1.83 EPS, FY2025 earnings at $2.06 EPS and Q2 2026 earnings at $1.14 EPS.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the business posted $1.02 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis.

A number of other equities analysts have also weighed in on LYV. Northcoast Research lowered Live Nation Entertainment from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 28th. Roth Mkm reissued a "buy" rating and set a $120.00 target price on shares of Live Nation Entertainment in a report on Friday, May 24th. Morgan Stanley reissued an "overweight" rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research report on Wednesday, June 12th. Benchmark reaffirmed a "buy" rating and set a $132.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Live Nation Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $118.17.

Live Nation Entertainment Stock Performance

LYV traded down $0.49 during trading hours on Thursday, reaching $95.98. The company's stock had a trading volume of 875,184 shares, compared to its average volume of 2,157,343. The company's 50-day moving average is $93.52 and its 200-day moving average is $95.30. Live Nation Entertainment has a 52 week low of $76.48 and a 52 week high of $107.24. The firm has a market cap of $22.05 billion, a PE ratio of 91.39, a price-to-earnings-growth ratio of 2.18 and a beta of 1.34. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction dated 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 sale, the director now owns 59,789 shares of the company's stock, valued at $5,626,742.79. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Jeffrey T. Hinson sold 1,500 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the transaction, the director now owns 59,789 shares in the company, valued at $5,626,742.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Brian Capo sold 5,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the sale, the chief accounting officer now owns 12,327 shares of the company's stock, valued at $1,190,911.47. The disclosure for this sale can be found here. Insiders sold 8,201 shares of company stock valued at $788,464 over the last quarter. 2.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On Live Nation Entertainment

A number of large investors have recently bought and sold shares of LYV. YHB Investment Advisors Inc. bought a new stake in shares of Live Nation Entertainment during the first quarter valued at approximately $32,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Live Nation Entertainment by 119.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock valued at $34,000 after buying an additional 202 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company's stock valued at $35,000 after buying an additional 159 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company's stock worth $41,000 after acquiring an additional 119 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Live Nation Entertainment by 67.4% in the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $41,000 after acquiring an additional 176 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

About Live Nation Entertainment

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.