What is Seaport Res Ptn’s Forecast for LYV FY2025 Earnings?

Live Nation Entertainment, Inc. (NYSE:LYV) – Investment analysts at Seaport Res Ptn upped their FY2025 earnings per share (EPS) estimates for shares of Live Nation Entertainment in a note issued to investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $2.06 per share for the year, up from their prior estimate of $1.97. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.18 per share.

A number of other research analysts have also commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $123.00 price target on shares of Live Nation Entertainment in a report on Thursday, August 15th. Macquarie upped 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. JPMorgan Chase & Co. raised their price target on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Roth Mkm upped their price objective on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Evercore ISI lifted their target price on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.71.

Live Nation Entertainment Price Performance

NYSE LYV opened at $126.98 on Wednesday. The stock has a 50-day simple moving average of $111.36 and a 200 day simple moving average of $100.15. Live Nation Entertainment has a twelve month low of $81.38 and a twelve month high of $130.76. The stock has a market capitalization of $29.25 billion, a PE ratio of 135.09, a P/E/G ratio of 3.15 and a beta of 1.33. The company has a debt-to-equity ratio of 6.10, a quick ratio of 0.92 and a current ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating the consensus estimate 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 company had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year.

Insider Activity

In related news, CEO Michael Rapino sold 98,849 shares of Live Nation Entertainment stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $97.50, for a total value of $9,637,777.50. Following the sale, the chief executive officer now owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 value of $9,637,777.50. Following the completion of the transaction, the chief executive officer now directly owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey T. Hinson sold 1,500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were 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 in the company, valued at approximately $5,626,742.79. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 177,000 shares of company stock worth $17,238,181 over the last quarter. 2.72% of the stock is currently owned by company insiders.

Institutional Trading of Live Nation Entertainment

A number of institutional investors have recently bought and sold shares of LYV. Janney Montgomery Scott LLC raised its holdings in shares of Live Nation Entertainment by 442.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,583 shares of the company’s stock worth $1,331,000 after buying an additional 10,262 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Live Nation Entertainment by 27.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,678 shares of the company’s stock worth $495,000 after acquiring an additional 1,002 shares during the last quarter. Empowered Funds LLC acquired a new position in Live Nation Entertainment in the 1st quarter worth about $281,000. Oppenheimer & Co. Inc. bought a new position in Live Nation Entertainment in the first quarter valued at about $212,000. Finally, Headlands Technologies LLC bought a new position in Live Nation Entertainment in the first quarter valued at about $138,000. Institutional investors own 74.52% 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.