Seaport Res Ptn Has Bullish Estimate for LYV FY2025 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Investment analysts at Seaport Res Ptn boosted their FY2025 earnings estimates for Live Nation Entertainment in a report issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of $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 announced its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS.

Other research analysts have also issued research reports about the stock. Rosenblatt Securities restated a “buy” rating and set a $123.00 price target on shares of Live Nation Entertainment in a report on Thursday, August 15th. Macquarie lifted their target price on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Oppenheimer upped their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday. Evercore ISI lifted their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, StockNews.com lowered Live Nation Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Live Nation Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $135.71.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock opened at $126.98 on Wednesday. The stock’s 50 day moving average is $111.36 and its 200 day moving average is $100.15. Live Nation Entertainment has a one year low of $81.38 and a one year high of $130.76. The firm has a market cap of $29.25 billion, a P/E ratio of 135.09, a P/E/G ratio of 3.15 and a beta of 1.33. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 0.92.

Institutional Investors Weigh In On Live Nation Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in 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 purchasing an additional 202 shares during the period. UMB Bank n.a. increased its position in shares of Live Nation Entertainment by 67.4% during the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $41,000 after purchasing an additional 176 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth $41,000. Finally, Family Firm Inc. purchased a new position in shares of Live Nation Entertainment in the 2nd quarter worth about $42,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey T. Hinson sold 1,500 shares of Live Nation Entertainment stock in a transaction on Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the sale, the director now owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Brian Capo sold 5,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following the completion of the sale, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at $1,190,911.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey T. Hinson sold 1,500 shares of Live Nation Entertainment stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the transaction, the director now directly owns 59,789 shares in the company, valued at approximately $5,626,742.79. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 177,000 shares of company stock worth $17,238,181. Corporate insiders own 2.72% of the company’s stock.

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.