Seaport Res Ptn Has Strong Forecast for LYV FY2025 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Seaport Res Ptn lifted their FY2025 earnings estimates for Live Nation Entertainment in a research note issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $2.06 per share for the year, up from their previous forecast of $1.97. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.18 per share.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The company had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 EPS.

Other analysts also recently issued reports about the company. Roth Mkm upped their price objective on Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Macquarie raised their price target on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. TD Cowen upped their price objective on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $123.00 price target on shares of Live Nation Entertainment in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.43.

Live Nation Entertainment Trading Up 1.7 %

Shares of LYV stock opened at $129.21 on Wednesday. Live Nation Entertainment has a fifty-two week low of $81.38 and a fifty-two week high of $130.76. The stock’s fifty day moving average price is $112.06 and its two-hundred day moving average price is $100.35. The company has a debt-to-equity ratio of 6.10, a quick ratio of 0.92 and a current ratio of 1.01. The company has a market cap of $29.76 billion, a PE ratio of 137.46, a P/E/G ratio of 3.15 and a beta of 1.33.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total transaction of $3,417,400.00. Following the completion of the transaction, the executive vice president now owns 167,447 shares in the company, valued at approximately $16,349,525.08. This trade represents a 17.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joe Berchtold sold 29,310 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total transaction of $2,857,725.00. Following the completion of the sale, the chief financial officer now directly owns 566,722 shares in the company, valued at approximately $55,255,395. This represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,500 shares of company stock valued at $17,097,016 over the last ninety days. 2.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group bought a new stake in Live Nation Entertainment in the third quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Live Nation Entertainment by 119.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock valued at $34,000 after acquiring an additional 202 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Live Nation Entertainment by 67.4% in the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $41,000 after acquiring an additional 176 shares in the last quarter. Reston Wealth Management LLC bought a new position in Live Nation Entertainment during the third quarter worth $41,000. Finally, Family Firm Inc. acquired a new stake in Live Nation Entertainment in the second quarter worth $42,000. 74.52% of the stock is owned by institutional investors and hedge funds.

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.