Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) - Investment analysts at Zacks Research lifted their FY2025 earnings per share estimates for shares of Live Nation Entertainment in a report issued on Monday, January 13th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $2.41 per share for the year, up from their prior estimate of $2.23. The consensus estimate for Live Nation Entertainment's current full-year earnings is $1.04 per share.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. The business had revenue of $7.65 billion for the quarter, compared to analysts' expectations of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 EPS.
Other analysts also recently issued research reports about the stock. Evercore ISI upped their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Macquarie increased their target price on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. StockNews.com upgraded shares of Live Nation Entertainment from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Guggenheim upped their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $145.40.
Read Our Latest Research Report on LYV
Live Nation Entertainment Price Performance
Live Nation Entertainment stock traded up $2.09 during trading hours on Wednesday, hitting $133.37. The stock had a trading volume of 1,715,724 shares, compared to its average volume of 1,647,269. The stock has a market capitalization of $30.99 billion, a price-to-earnings ratio of 141.88, a PEG ratio of 3.68 and a beta of 1.38. Live Nation Entertainment has a 1-year low of $86.67 and a 1-year high of $141.18. The stock's fifty day moving average is $132.93 and its two-hundred day moving average is $112.75. 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 Trading of Live Nation Entertainment
Several institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new position in Live Nation Entertainment in the third quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new position in Live Nation Entertainment during the 4th quarter valued at about $44,000. Reston Wealth Management LLC bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $41,000. Morse Asset Management Inc acquired a new stake in shares of Live Nation Entertainment in the 3rd quarter worth approximately $42,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $46,000. 74.52% of the stock is owned by institutional investors and hedge funds.
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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