Seaport Res Ptn Has Negative Outlook of LYV FY2027 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities researchers at Seaport Res Ptn cut their FY2027 EPS estimates for Live Nation Entertainment in a research note issued to investors on Monday, October 14th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of $2.37 per share for the year, down from their prior forecast of $2.73. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.21 per share.

Several other equities research analysts also recently commented on LYV. Macquarie boosted their target price on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Bank of America started coverage on shares of Live Nation Entertainment in a research note on Wednesday, September 4th. They issued a “buy” rating and a $125.00 target price on the stock. Oppenheimer boosted their target price on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Benchmark restated a “buy” rating and issued a $132.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and an average target price of $120.77.

Live Nation Entertainment Stock Up 0.6 %

Shares of NYSE:LYV opened at $115.13 on Thursday. Live Nation Entertainment has a 52 week low of $76.48 and a 52 week high of $116.57. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. The company’s fifty day moving average is $102.22 and its 200-day moving average is $97.16. The company has a market capitalization of $26.45 billion, a PE ratio of 109.65, a P/E/G ratio of 2.65 and a beta of 1.35.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm earned $1.02 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis.

Hedge Funds Weigh In On Live Nation Entertainment

Several institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC grew its position in shares of Live Nation Entertainment by 16.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,992 shares of the company’s stock worth $547,000 after buying an additional 687 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Live Nation Entertainment by 5.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,848 shares of the company’s stock worth $1,845,000 after buying an additional 802 shares during the period. Baskin Financial Services Inc. grew its position in shares of Live Nation Entertainment by 0.8% during the 3rd quarter. Baskin Financial Services Inc. now owns 324,702 shares of the company’s stock worth $35,552,000 after buying an additional 2,683 shares during the period. Vontobel Holding Ltd. grew its position in shares of Live Nation Entertainment by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock valued at $728,000 after purchasing an additional 95 shares during the period. Finally, Cabot Wealth Management Inc. grew its position in shares of Live Nation Entertainment by 75.0% in the 3rd quarter. Cabot Wealth Management Inc. now owns 33,934 shares of the company’s stock valued at $3,715,000 after purchasing an additional 14,547 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $94.11, for a total transaction of $141,165.00. Following the completion of the sale, the director now directly owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $94.11, for a total transaction of $141,165.00. Following the completion of the sale, the director now directly owns 59,789 shares of the company’s stock, valued at approximately $5,626,742.79. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Brian Capo sold 5,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $96.61, for a total value of $483,050.00. Following 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 disclosure for this sale can be found here. In the last three months, insiders sold 177,000 shares of company stock valued at $17,238,181. 2.85% of the stock is currently owned by insiders.

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.