Q2 2024 EPS Estimates for Live Nation Entertainment, Inc. (NYSE:LYV) Decreased by Seaport Res Ptn

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities researchers at Seaport Res Ptn lowered their Q2 2024 earnings per share (EPS) estimates for shares of Live Nation Entertainment in a research note issued on Thursday, May 2nd. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of $1.03 for the quarter, down from their previous forecast of $1.06. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.63 per share. Seaport Res Ptn also issued estimates for Live Nation Entertainment’s FY2025 earnings at $1.87 EPS.

LYV has been the topic of several other research reports. Oppenheimer boosted their price target 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. Morgan Stanley boosted their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Rosenblatt Securities lifted their price target on Live Nation Entertainment from $119.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Live Nation Entertainment from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.00.

Live Nation Entertainment Stock Up 1.3 %

Shares of NYSE LYV opened at $95.89 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 10.83. The firm has a 50-day moving average price of $98.60 and a 200 day moving average price of $91.79. Live Nation Entertainment has a 52 week low of $76.48 and a 52 week high of $107.24. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 91.39, a price-to-earnings-growth ratio of 1.92 and a beta of 1.34.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, May 2nd. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.32). Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the business posted ($0.25) EPS. Live Nation Entertainment’s revenue was up 21.5% compared to the same quarter last year.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $100.50, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Czech National Bank raised its holdings in shares of Live Nation Entertainment by 0.5% in the 1st quarter. Czech National Bank now owns 24,965 shares of the company’s stock worth $2,641,000 after purchasing an additional 115 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Live Nation Entertainment by 0.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock valued at $2,324,000 after buying an additional 117 shares during the period. Lindbrook Capital LLC grew its stake in Live Nation Entertainment by 44.1% during the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after buying an additional 119 shares during the period. Hohimer Wealth Management LLC raised its stake in shares of Live Nation Entertainment by 1.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock valued at $956,000 after acquiring an additional 123 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Live Nation Entertainment by 1.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company’s stock worth $1,100,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 74.52% 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.