FY2024 EPS Estimates for Live Nation Entertainment, Inc. (NYSE:LYV) Reduced by Analyst

Live Nation Entertainment, Inc. (NYSE:LYV) – Analysts at Roth Capital lowered their FY2024 earnings per share estimates for shares of Live Nation Entertainment in a note issued to investors on Tuesday, April 23rd. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $2.02 per share for the year, down from their prior forecast of $2.06. Roth Capital has a “Buy” rating on the stock. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.63 per share. Roth Capital also issued estimates for Live Nation Entertainment’s FY2025 earnings at $1.90 EPS and FY2026 earnings at $2.46 EPS.

Several other brokerages have also commented on LYV. Roth Mkm reissued a “buy” rating and set a $120.00 price objective on shares of Live Nation Entertainment in a report on Tuesday. Oppenheimer upped their target price 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. TD Cowen reaffirmed a “buy” rating and issued a $108.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price 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, Morgan Stanley upped their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $116.30.

Live Nation Entertainment Stock Down 1.3 %

Shares of NYSE LYV opened at $88.49 on Thursday. Live Nation Entertainment has a 12 month low of $64.96 and a 12 month high of $107.24. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 66.53 and a beta of 1.30. The business has a 50-day moving average of $98.94 and a 200-day moving average of $91.50.

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

Insider Activity at Live Nation Entertainment

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 value of $100,600.50. Following the sale, the director now directly owns 59,374 shares of the company’s stock, valued at $5,967,087. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.85% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Checchi Capital Advisers LLC raised its stake in shares of Live Nation Entertainment by 2.4% in the first quarter. Checchi Capital Advisers LLC now owns 9,359 shares of the company’s stock worth $990,000 after buying an additional 218 shares during the period. Lindbrook Capital LLC grew its holdings in Live Nation Entertainment by 44.1% during the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after buying an additional 119 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Live Nation Entertainment by 1.4% during the 1st quarter. New York State Teachers Retirement System now owns 140,228 shares of the company’s stock valued at $14,832,000 after buying an additional 1,971 shares in the last quarter. Equitable Trust Co. purchased a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $3,240,000. Finally, Eudaimonia Partners LLC boosted its holdings in shares of Live Nation Entertainment by 2.6% in the 1st quarter. Eudaimonia Partners LLC now owns 15,215 shares of the company’s stock worth $1,609,000 after purchasing an additional 386 shares during the period. 74.52% of the stock is owned by hedge funds and other institutional investors.

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.