Equities Analysts Offer Predictions for LYV Q3 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) - Roth Capital reduced their Q3 2024 EPS estimates for shares of Live Nation Entertainment in a research note issued on Wednesday, October 16th. Roth Capital analyst E. Handler now expects that the company will earn $1.65 per share for the quarter, down from their prior estimate of $1.94. The consensus estimate for Live Nation Entertainment's current full-year earnings is $1.21 per share. Roth Capital also issued estimates for Live Nation Entertainment's Q4 2024 earnings at ($1.46) EPS, FY2024 earnings at $0.86 EPS, FY2025 earnings at $0.53 EPS and FY2026 earnings at $0.70 EPS.

A number of other analysts have also commented on LYV. Macquarie upped their price objective on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Oppenheimer upped their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, September 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $123.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their target price on Live Nation Entertainment from $121.00 to $122.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Roth Mkm upped their target price on Live Nation Entertainment from $120.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.77.

Live Nation Entertainment Trading Down 0.2 %

LYV stock traded down $0.27 during mid-day trading on Friday, reaching $114.94. 1,652,410 shares of the stock traded hands, compared to its average volume of 2,121,000. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. Live Nation Entertainment has a 52-week low of $76.48 and a 52-week high of $116.57. The company has a market cap of $26.41 billion, a P/E ratio of 109.47, a P/E/G ratio of 2.65 and a beta of 1.35. The stock's fifty day moving average is $102.67 and its 200-day moving average is $97.23.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share 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 analyst estimates of $6.02 billion. During the same period in the previous year, the company posted $1.02 earnings per share. Live Nation Entertainment's revenue was up 7.0% compared to the same quarter last year.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $97.64, for a total transaction of $3,417,400.00. Following the completion of the sale, the executive vice president now owns 167,447 shares of the company's stock, valued at $16,349,525.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $97.64, for a total transaction of $3,417,400.00. Following the completion of the sale, the executive vice president now owns 167,447 shares of the company's stock, valued at $16,349,525.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Rapino sold 98,849 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the sale, the chief executive officer now directly owns 3,702,115 shares of the company's stock, valued at $360,956,212.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 177,000 shares of company stock worth $17,238,181. Insiders own 2.85% of the company's stock.

Institutional Investors Weigh In On Live Nation Entertainment

Hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. lifted its position in Live Nation Entertainment by 119.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company's stock worth $34,000 after purchasing an additional 202 shares during the period. Rise Advisors LLC lifted its position in Live Nation Entertainment by 90.3% in the first quarter. Rise Advisors LLC now owns 335 shares of the company's stock worth $35,000 after purchasing an additional 159 shares during the period. UMB Bank n.a. lifted its position in Live Nation Entertainment by 67.4% in the second quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $41,000 after purchasing an additional 176 shares during the period. Family Firm Inc. bought a new position in Live Nation Entertainment in the second quarter worth $42,000. Finally, American National Bank & Trust bought a new position in Live Nation Entertainment in the third quarter worth $50,000. 74.52% of the stock is owned by institutional investors.

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.