Wall Street brokerages expect Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings per share of ($0.25) for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Live Nation Entertainment’s earnings, with estimates ranging from ($0.29) to ($0.16). Live Nation Entertainment reported earnings per share of ($0.22) in the same quarter last year, which would indicate a negative year over year growth rate of 13.6%. The business is expected to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Live Nation Entertainment will report full-year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.24 to $0.65. For the next financial year, analysts anticipate that the company will report earnings of $0.63 per share, with EPS estimates ranging from $0.42 to $1.00. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Live Nation Entertainment.
Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($1.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.08) by ($0.04). Live Nation Entertainment had a negative net margin of 0.24% and a negative return on equity of 1.71%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.06 billion.
Several hedge funds have recently bought and sold shares of LYV. William Blair Investment Management LLC increased its stake in shares of Live Nation Entertainment by 35.9% in the fourth quarter. William Blair Investment Management LLC now owns 4,138,611 shares of the company’s stock valued at $176,181,000 after buying an additional 1,093,022 shares during the period. Renaissance Technologies LLC increased its stake in shares of Live Nation Entertainment by 25.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,767,366 shares of the company’s stock valued at $160,377,000 after buying an additional 758,666 shares during the period. Wells Fargo & Company MN increased its stake in shares of Live Nation Entertainment by 29.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,786,851 shares of the company’s stock valued at $118,636,000 after buying an additional 627,695 shares during the period. Clearbridge Investments LLC increased its stake in shares of Live Nation Entertainment by 0.5% in the fourth quarter. Clearbridge Investments LLC now owns 2,754,431 shares of the company’s stock valued at $117,256,000 after buying an additional 13,580 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Live Nation Entertainment by 5.1% in the fourth quarter. Acadian Asset Management LLC now owns 2,364,397 shares of the company’s stock valued at $100,651,000 after buying an additional 114,171 shares during the period. 69.07% of the stock is owned by hedge funds and other institutional investors.
Live Nation Entertainment (LYV) opened at $45.05 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.88 and a quick ratio of 0.88. Live Nation Entertainment has a one year low of $28.11 and a one year high of $49.11. The company has a market cap of $9,378.00, a PE ratio of -86.63 and a beta of 0.99.
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About Live Nation Entertainment
Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.
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