Seaport Res Ptn Issues Negative Forecast for LYV Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Stock analysts at Seaport Res Ptn lowered their Q4 2024 earnings estimates for shares of Live Nation Entertainment in a report issued on Monday, January 6th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of ($1.54) for the quarter, down from their prior forecast of ($1.51). The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.04 per share. Seaport Res Ptn also issued estimates for Live Nation Entertainment’s Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at ($1.48) EPS, FY2025 earnings at $1.92 EPS and FY2026 earnings at $2.14 EPS.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer boosted their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. TD Cowen boosted their price objective on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Citigroup raised their target price on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Stock Up 0.4 %

NYSE:LYV opened at $130.19 on Wednesday. The firm has a market capitalization of $30.25 billion, a P/E ratio of 138.50, a P/E/G ratio of 3.68 and a beta of 1.38. The stock’s fifty day simple moving average is $131.89 and its 200-day simple moving average is $111.49. Live Nation Entertainment has a 12-month low of $86.67 and a 12-month 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.

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

Institutional Trading of Live Nation Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank boosted its position in Live Nation Entertainment by 1.6% during the fourth quarter. First Hawaiian Bank now owns 8,466 shares of the company’s stock valued at $1,096,000 after acquiring an additional 131 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Live Nation Entertainment by 12.9% during the 4th quarter. Fulton Bank N.A. now owns 7,163 shares of the company’s stock valued at $928,000 after purchasing an additional 816 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Live Nation Entertainment in the fourth quarter worth approximately $496,000. GAMMA Investing LLC boosted its holdings in Live Nation Entertainment by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 3,143 shares of the company’s stock valued at $407,000 after acquiring an additional 674 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in Live Nation Entertainment by 8.6% in the third quarter. Retirement Systems of Alabama now owns 34,119 shares of the company’s stock worth $3,736,000 after acquiring an additional 2,697 shares during the period. 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.