Q2 2024 EPS Estimates for Live Nation Entertainment, Inc. (NYSE:LYV) Boosted by Analyst

Live Nation Entertainment, Inc. (NYSE:LYVFree Report) – Equities researchers at Zacks Research increased their Q2 2024 EPS estimates for Live Nation Entertainment in a report issued on Thursday, May 23rd. Zacks Research analyst R. Department now expects that the company will post earnings of $1.00 per share for the quarter, up from their prior estimate of $0.76. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.38 per share. Zacks Research also issued estimates for Live Nation Entertainment’s Q4 2024 earnings at ($1.16) EPS, Q2 2025 earnings at $1.04 EPS, Q4 2025 earnings at ($0.96) EPS and Q1 2026 earnings at $0.01 EPS.

LYV has been the topic of several other research reports. Morgan Stanley lifted their price target on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Oppenheimer cut their target price on shares of Live Nation Entertainment from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Live Nation Entertainment from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. TD Cowen reaffirmed a “buy” rating and set a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Finally, Redburn Atlantic upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating and upped their target price for the stock from $114.00 to $115.00 in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.42.

Get Our Latest Analysis on Live Nation Entertainment

Live Nation Entertainment Price Performance

LYV opened at $95.99 on Monday. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $22.22 billion, a PE ratio of 91.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.34. The stock’s 50 day moving average price is $97.85 and its 200-day moving average price is $93.54. Live Nation Entertainment has a 52-week low of $76.48 and a 52-week high of $107.24.

Live Nation Entertainment (NYSE:LYVGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.53) earnings per share (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 for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the firm earned ($0.25) EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis.

Insider Buying and Selling 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 company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. YHB Investment Advisors Inc. purchased a new position in Live Nation Entertainment in the 1st quarter worth approximately $32,000. Creative Financial Designs Inc. ADV raised its stake in shares of Live Nation Entertainment by 148.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after purchasing an additional 159 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Live Nation Entertainment by 44.1% during the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after buying an additional 119 shares during the last quarter. Finally, Raleigh Capital Management Inc. bought a new stake in Live Nation Entertainment in the 3rd quarter worth about $33,000. 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.

Featured Stories

Earnings History and Estimates for Live Nation Entertainment (NYSE:LYV)

Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.