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

Live Nation Entertainment, Inc. (NYSE:LYV) – Research analysts at Roth Capital decreased their FY2024 EPS estimates for shares of Live Nation Entertainment in a research note issued on Tuesday, April 23rd. Roth Capital analyst E. Handler now anticipates that the company will post earnings per share of $2.02 for the year, down from their prior estimate of $2.06. Roth Capital currently 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.

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

Several other equities analysts have also recently issued reports on LYV. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday. Oppenheimer lifted their target price on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Morgan Stanley raised their price target on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, TD Cowen restated a “buy” rating and set a $108.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $116.30.

Live Nation Entertainment Stock Down 0.5 %

Live Nation Entertainment stock opened at $89.65 on Thursday. The company’s 50-day moving average price is $99.05 and its two-hundred day moving average price is $91.53. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 67.41 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. Live Nation Entertainment has a 52 week low of $64.96 and a 52 week high of $107.24.

Institutional Trading of Live Nation Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of LYV. Bank of Nova Scotia increased its position in Live Nation Entertainment by 6.9% during the third quarter. Bank of Nova Scotia now owns 560,768 shares of the company’s stock worth $46,566,000 after acquiring an additional 36,298 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Live Nation Entertainment by 13.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 567,995 shares of the company’s stock valued at $53,164,000 after buying an additional 66,390 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Live Nation Entertainment by 77.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,198 shares of the company’s stock valued at $3,201,000 after buying an additional 14,928 shares during the period. Synergy Asset Management LLC bought a new stake in Live Nation Entertainment in the 4th quarter valued at $1,151,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Live Nation Entertainment by 9,800.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after buying an additional 490 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the business’s stock in a transaction on Friday, March 8th. The shares were 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 directly owns 59,374 shares in the company, valued at $5,967,087. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.85% of the stock is owned by corporate insiders.

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.