Roth Capital Brokers Increase Earnings Estimates for LYV

Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) - Stock analysts at Roth Capital raised their FY2024 EPS estimates for shares of Live Nation Entertainment in a note issued to investors on Thursday, December 12th. Roth Capital analyst E. Handler now expects that the company will post earnings of $0.87 per share for the year, up from their previous estimate of $0.86. The consensus estimate for Live Nation Entertainment's current full-year earnings is $1.04 per share. Roth Capital also issued estimates for Live Nation Entertainment's Q4 2024 earnings at ($1.47) EPS, Q1 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($1.47) EPS and FY2025 earnings at $2.13 EPS.

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

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday. Bank of America lifted their price target on Live Nation Entertainment from $125.00 to $149.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Oppenheimer upped their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Benchmark lifted their price objective on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Evercore ISI increased their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.33.

Live Nation Entertainment Stock Up 1.4 %

LYV traded up $1.86 during midday trading on Monday, hitting $137.81. 3,834,556 shares of the company's stock traded hands, compared to its average volume of 2,207,528. The stock's fifty day simple moving average is $125.79 and its 200-day simple moving average is $106.52. Live Nation Entertainment has a one year low of $86.67 and a one year high of $141.18. The company has a market cap of $32.02 billion, a PE ratio of 144.63, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Institutional Investors Weigh In On Live Nation Entertainment

A number of large investors have recently bought and sold shares of the stock. Frank Rimerman Advisors LLC acquired a new stake in shares of Live Nation Entertainment in the second quarter valued at about $748,000. Select Equity Group L.P. boosted its holdings in Live Nation Entertainment by 12.3% in the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock worth $1,213,053,000 after purchasing an additional 1,415,173 shares during the period. Davidson Kempner Capital Management LP acquired a new stake in Live Nation Entertainment during the second quarter worth about $3,985,000. Czech National Bank boosted its position in Live Nation Entertainment by 17.5% during the 3rd quarter. Czech National Bank now owns 31,904 shares of the company's stock valued at $3,493,000 after purchasing an additional 4,761 shares during the period. Finally, Coronation Fund Managers Ltd. grew its position in shares of Live Nation Entertainment by 48.3% during the second quarter. Coronation Fund Managers Ltd. now owns 51,187 shares of the company's stock worth $4,798,000 after acquiring an additional 16,668 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

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.