FY2025 EPS Estimates for Live Nation Entertainment, Inc. Decreased by Zacks Research (NYSE:LYV)

Live Nation Entertainment, Inc. (NYSE:LYV) – Analysts at Zacks Research lowered their FY2025 earnings per share estimates for Live Nation Entertainment in a research report issued to clients and investors on Monday, April 22nd. Zacks Research analyst R. Department now expects that the company will earn $1.82 per share for the year, down from their prior estimate of $1.93. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.63 per share. Zacks Research also issued estimates for Live Nation Entertainment’s FY2026 earnings at $2.45 EPS.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%.

Several other brokerages have also recently issued reports on LYV. Oppenheimer increased their price objective on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Roth Capital raised Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Roth Mkm reissued a “buy” rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, TD Cowen restated a “buy” rating and set a $108.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.30.

Live Nation Entertainment Stock Up 1.8 %

Shares of NYSE:LYV opened at $90.08 on Tuesday. Live Nation Entertainment has a 52-week low of $64.96 and a 52-week high of $107.24. The stock has a market cap of $20.79 billion, a P/E ratio of 67.73 and a beta of 1.30. The business’s 50 day moving average is $99.04 and its 200 day moving average is $91.54. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 9.30.

Hedge Funds Weigh In On Live Nation Entertainment

Hedge funds have recently made changes to their positions in the company. Bank of Nova Scotia increased its position in shares of Live Nation Entertainment by 6.9% in the 3rd quarter. Bank of Nova Scotia now owns 560,768 shares of the company’s stock valued at $46,566,000 after acquiring an additional 36,298 shares during the period. Allspring Global Investments Holdings LLC grew its position in Live Nation Entertainment by 13.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 567,995 shares of the company’s stock worth $53,164,000 after purchasing an additional 66,390 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Live Nation Entertainment by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,198 shares of the company’s stock worth $3,201,000 after purchasing an additional 14,928 shares during the period. Synergy Asset Management LLC acquired a new stake in Live Nation Entertainment during the 4th quarter worth about $1,151,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in Live Nation Entertainment by 9,800.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now owns 59,374 shares in the company, valued at approximately $5,967,087. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.85% of the company’s stock.

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.