Zacks Research Has Pessimistic Outlook of LYV Q4 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities research analysts at Zacks Research dropped their Q4 2024 earnings estimates for shares of Live Nation Entertainment in a report issued on Monday, December 2nd. Zacks Research analyst R. Department now forecasts that the company will post earnings of ($1.12) per share for the quarter, down from their previous estimate of ($1.07). The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.03 per share. Zacks Research also issued estimates for Live Nation Entertainment’s Q2 2025 earnings at $1.27 EPS, Q4 2025 earnings at ($0.79) EPS and Q2 2026 earnings at $1.34 EPS.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share (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 analyst estimates of $7.75 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year.

LYV has been the subject of several other reports. Guggenheim boosted their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday. Roth Mkm raised their target price on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group upped their target price on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen lifted their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Rosenblatt Securities restated a “buy” rating and set a $123.00 target price on shares of Live Nation Entertainment in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

Live Nation Entertainment Trading Down 1.5 %

Shares of NYSE:LYV opened at $134.65 on Thursday. Live Nation Entertainment has a fifty-two week low of $81.81 and a fifty-two week high of $141.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a market cap of $31.29 billion, a PE ratio of 142.95, a P/E/G ratio of 3.77 and a beta of 1.37. The company’s 50-day moving average price is $122.23 and its 200 day moving average price is $104.59.

Institutional Trading of Live Nation Entertainment

Several large investors have recently made changes to their positions in the stock. Cromwell Holdings LLC boosted its position in Live Nation Entertainment by 25.7% during the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after purchasing an additional 88 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Live Nation Entertainment by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after buying an additional 89 shares during the period. Vontobel Holding Ltd. grew its stake in 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 buying an additional 95 shares during the last quarter. Empirical Finance LLC raised its holdings in Live Nation Entertainment by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock worth $508,000 after acquiring an additional 105 shares during the period. Finally, Mystic Asset Management Inc. boosted its holdings in Live Nation Entertainment by 2.1% during the second quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock valued at $491,000 after acquiring an additional 110 shares during the period. Institutional investors own 74.52% of the company’s stock.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the completion of the sale, the executive vice president now directly owns 167,447 shares of the company’s stock, valued at $16,349,525.08. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Rapino sold 98,849 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the transaction, the chief executive officer now owns 3,702,115 shares in the company, valued at $360,956,212.50. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,799 shares of company stock valued at $16,449,718. Corporate insiders own 2.72% of the company’s stock.

Live Nation Entertainment Company Profile

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.