Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) - Investment analysts at Zacks Research increased their FY2024 EPS estimates for shares of Live Nation Entertainment in a research note issued on Monday, January 13th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.88 for the year, up from their previous forecast of $0.86. The consensus estimate for Live Nation Entertainment's current full-year earnings is $1.02 per share. Zacks Research also issued estimates for Live Nation Entertainment's Q4 2024 earnings at ($1.28) EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at ($0.82) EPS, Q3 2026 earnings at $1.88 EPS, Q4 2026 earnings at ($0.68) EPS and FY2026 earnings at $2.63 EPS.
Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS.
LYV has been the topic of a number of other research reports. Bank of America raised their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Guggenheim upped their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Evercore ISI lifted their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Macquarie lifted their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $145.40.
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Live Nation Entertainment Price Performance
Live Nation Entertainment stock traded up $0.15 during midday trading on Thursday, hitting $133.52. The company's stock had a trading volume of 1,229,730 shares, compared to its average volume of 1,605,513. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock's 50-day moving average price is $133.08 and its 200-day moving average price is $112.89. Live Nation Entertainment has a 12 month low of $86.67 and a 12 month high of $141.18. The company has a market capitalization of $31.02 billion, a PE ratio of 142.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38.
Hedge Funds Weigh In On Live Nation Entertainment
Several institutional investors have recently bought and sold shares of the business. Frank Rimerman Advisors LLC bought a new stake in shares of Live Nation Entertainment during the second quarter valued at approximately $748,000. Select Equity Group L.P. lifted its holdings in Live Nation Entertainment by 12.3% during the 2nd quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock worth $1,213,053,000 after buying an additional 1,415,173 shares in the last quarter. Davidson Kempner Capital Management LP bought a new position in Live Nation Entertainment in the 2nd quarter valued at $3,985,000. Czech National Bank increased its stake in shares of Live Nation Entertainment by 17.5% in the 3rd quarter. Czech National Bank now owns 31,904 shares of the company's stock valued at $3,493,000 after buying an additional 4,761 shares during the period. Finally, Coronation Fund Managers Ltd. lifted its stake 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 valued at $4,798,000 after acquiring an additional 16,668 shares during the period. Institutional investors own 74.52% of the company's stock.
About Live Nation Entertainment
(
Get Free Report)
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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