Zacks Research Has Positive Outlook of LYV FY2025 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Stock analysts at Zacks Research boosted their FY2025 earnings per share (EPS) estimates for shares of Live Nation Entertainment in a research report issued on Monday, January 13th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $2.41 per share for the year, up from their previous forecast of $2.23. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.02 per share.

Several other equities research analysts have also commented on LYV. Evercore ISI boosted their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Benchmark lifted their target price on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Roth Mkm raised their price target on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Oppenheimer lifted their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $133.52 on Wednesday. The company has a fifty day moving average of $133.08 and a two-hundred day moving average of $112.89. Live Nation Entertainment has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The stock has a market capitalization of $31.02 billion, a PE ratio of 142.04, a P/E/G ratio of 1.50 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01.

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

Institutional Investors Weigh In On Live Nation Entertainment

A number of hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in Live Nation Entertainment in the second quarter valued at approximately $419,000. Choreo LLC purchased a new stake in shares of Live Nation Entertainment in the 2nd quarter valued at approximately $300,000. Brown Brothers Harriman & Co. raised its holdings in shares of Live Nation Entertainment by 1,738.3% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,103 shares of the company’s stock valued at $103,000 after purchasing an additional 1,043 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Live Nation Entertainment by 85.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,038,285 shares of the company’s stock worth $97,329,000 after purchasing an additional 476,981 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Live Nation Entertainment by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 894,019 shares of the company’s stock worth $83,780,000 after purchasing an additional 51,397 shares in the last quarter. Institutional investors and hedge funds own 74.52% 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.