Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) - Stock analysts at Seaport Res Ptn decreased their Q4 2024 earnings estimates for Live Nation Entertainment in a research report issued to clients and investors on Monday, January 6th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($1.54) per share for the quarter, down from their previous estimate of ($1.51). The consensus estimate for Live Nation Entertainment's current full-year earnings is $1.04 per share. Seaport Res Ptn also issued estimates for Live Nation Entertainment's Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at ($1.48) EPS, FY2025 earnings at $1.92 EPS and FY2026 earnings at $2.14 EPS.
LYV has been the subject of a number of other reports. StockNews.com upgraded shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. Guggenheim boosted their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. TD Cowen lifted their price objective on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $145.40.
Read Our Latest Report on LYV
Live Nation Entertainment Stock Performance
Shares of Live Nation Entertainment stock traded up $0.55 during trading on Wednesday, hitting $130.19. 1,463,898 shares of the company's stock traded hands, compared to its average volume of 1,690,920. Live Nation Entertainment has a 1 year low of $86.67 and a 1 year high of $141.18. The business has a 50-day simple moving average of $131.63 and a 200-day simple moving average of $111.36. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $30.25 billion, a P/E ratio of 138.50, a PEG ratio of 3.68 and a beta of 1.38.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (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 business had revenue of $7.65 billion for the quarter, compared to analysts' expectations of $7.75 billion. During the same period in the prior year, the firm posted $1.78 EPS. The firm's quarterly revenue was down 6.2% on a year-over-year basis.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Select Equity Group L.P. raised its holdings in Live Nation Entertainment by 12.3% during the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock valued at $1,213,053,000 after acquiring an additional 1,415,173 shares during the period. D1 Capital Partners L.P. raised its stake in Live Nation Entertainment by 44.6% during the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company's stock valued at $332,171,000 after purchasing an additional 1,093,000 shares during the period. ValueAct Holdings L.P. purchased a new position in Live Nation Entertainment in the 3rd quarter worth approximately $111,094,000. PointState Capital LP bought a new position in Live Nation Entertainment in the 3rd quarter worth approximately $102,762,000. Finally, Vulcan Value Partners LLC grew its holdings in Live Nation Entertainment by 46.5% during the 2nd quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company's stock valued at $252,663,000 after buying an additional 855,197 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company's stock.
Live Nation Entertainment Company Profile
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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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