Live Nation Entertainment (LYV) Scheduled to Post Earnings on Thursday

Live Nation Entertainment (NYSE:LYV) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Live Nation Entertainment to post earnings of ($0.21) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data 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). The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. On average, analysts expect Live Nation Entertainment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Live Nation Entertainment Price Performance

NYSE:LYV opened at $90.54 on Tuesday. 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 company has a market capitalization of $20.90 billion, a P/E ratio of 68.08 and a beta of 1.30. Live Nation Entertainment has a 12 month low of $66.38 and a 12 month high of $107.24. The business’s 50-day moving average is $98.82 and its 200 day moving average is $91.62.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Roth Capital upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. TD Cowen reiterated a “buy” rating and issued a $108.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Oppenheimer boosted their target price on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Finally, Roth Mkm restated a “buy” rating and set a $120.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.30.

Insider Transactions at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the business’s 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 transaction, 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 SEC, which is available through this hyperlink. Company insiders own 2.85% of the company’s stock.

Live Nation Entertainment Company Profile

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.