FY2024 EPS Estimates for Live Nation Entertainment, Inc. Raised by Seaport Res Ptn (NYSE:LYV)

Live Nation Entertainment, Inc. (NYSE:LYV) – Research analysts at Seaport Res Ptn boosted their FY2024 earnings estimates for Live Nation Entertainment in a research report issued on Sunday, June 30th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $0.94 for the year, up from their previous estimate of $0.88. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.37 per share. Seaport Res Ptn also issued estimates for Live Nation Entertainment’s Q4 2024 earnings at ($1.65) EPS, Q4 2025 earnings at ($1.59) EPS, FY2025 earnings at $1.91 EPS, FY2026 earnings at $2.29 EPS and FY2027 earnings at $2.73 EPS.

LYV has been the topic of a number of other research reports. Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research note on Friday, May 24th. Rosenblatt Securities lifted their price target on shares of Live Nation Entertainment from $119.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Morgan Stanley reiterated an “overweight” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research note on Wednesday, June 12th. Redburn Atlantic upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $114.00 to $115.00 in a research note on Thursday, May 9th. Finally, Northcoast Research downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.58.

Live Nation Entertainment Trading Up 2.0 %

Shares of Live Nation Entertainment stock opened at $96.71 on Wednesday. The company’s fifty day simple moving average is $93.27 and its 200-day simple moving average is $94.45. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 92.11, a PEG ratio of 1.92 and a beta of 1.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 10.83. Live Nation Entertainment has a 1 year low of $76.48 and a 1 year high of $107.24.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.32). The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.26 billion. Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.25) EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LYV. Mariner LLC raised its holdings in shares of Live Nation Entertainment by 19.8% in the third quarter. Mariner LLC now owns 7,520 shares of the company’s stock valued at $624,000 after buying an additional 1,243 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Live Nation Entertainment by 30.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,391 shares of the company’s stock valued at $448,000 after buying an additional 1,262 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Live Nation Entertainment by 97.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,758 shares of the company’s stock worth $561,000 after purchasing an additional 3,337 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Live Nation Entertainment during the 3rd quarter worth about $1,814,000. Finally, Alps Advisors Inc. raised its holdings in Live Nation Entertainment by 16.2% during the 3rd quarter. Alps Advisors Inc. now owns 6,476 shares of the company’s stock worth $538,000 after purchasing an additional 902 shares during the last quarter. 74.52% of the stock is owned by institutional investors.

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.