Q3 2024 EPS Estimates for Live Nation Entertainment, Inc. (NYSE:LYV) Lowered by Analyst

Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) - Stock analysts at Zacks Research decreased their Q3 2024 earnings per share estimates for shares of Live Nation Entertainment in a note issued to investors on Tuesday, August 20th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.58 for the quarter, down from their prior estimate of $1.79. 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 Q4 2024 earnings at ($1.04) EPS, Q1 2025 earnings at ($0.01) EPS, Q4 2025 earnings at ($0.81) EPS, Q1 2026 earnings at $0.06 EPS and FY2026 earnings at $2.43 EPS.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the company posted $1.02 EPS. Live Nation Entertainment's revenue for the quarter was up 7.0% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $123.00 target price on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Macquarie reiterated an "outperform" rating and issued a $125.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, July 31st. Oppenheimer reissued an "outperform" rating and set a $110.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on Live Nation Entertainment from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.17.

Live Nation Entertainment Trading Up 0.9 %

LYV stock traded up $0.82 during trading on Friday, hitting $96.78. 928,035 shares of the company traded hands, compared to its average volume of 2,149,803. The company has a 50-day moving average of $93.66 and a 200-day moving average of $95.30. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment has a 1 year low of $76.48 and a 1 year high of $107.24. The firm has a market capitalization of $22.23 billion, a PE ratio of 92.12, a P/E/G ratio of 2.18 and a beta of 1.34.

Institutional Investors Weigh In On Live Nation Entertainment

Large investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Live Nation Entertainment by 19.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 184,309 shares of the company's stock valued at $19,494,000 after buying an additional 29,669 shares during the period. Nordea Investment Management AB grew its position in shares of Live Nation Entertainment by 15.8% during the 1st quarter. Nordea Investment Management AB now owns 1,377,118 shares of the company's stock valued at $146,567,000 after acquiring an additional 187,839 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Live Nation Entertainment by 2,723.0% in the 4th quarter. Public Sector Pension Investment Board now owns 428,732 shares of the company's stock worth $40,129,000 after purchasing an additional 413,545 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Live Nation Entertainment by 7.5% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,191,712 shares of the company's stock worth $205,144,000 after purchasing an additional 153,825 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in Live Nation Entertainment during the first quarter valued at $1,454,000. 74.52% of the stock is currently owned by institutional investors.

Insider Activity

In other Live Nation Entertainment news, Director Ping Fu sold 1,701 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $96.56, for a total transaction of $164,248.56. Following the sale, the director now directly owns 15,128 shares in the company, valued at approximately $1,460,759.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey T. Hinson sold 1,500 shares of the firm'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 transaction, the director now directly owns 59,789 shares in the company, valued at approximately $5,626,742.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ping Fu sold 1,701 shares of the company's 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 owns 15,128 shares of the company's stock, valued at approximately $1,460,759.68. The disclosure for this sale can be found here. Insiders have sold a total of 8,201 shares of company stock worth $788,464 over the last 90 days. 2.85% of the stock is currently owned by insiders.

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.