What is Seaport Res Ptn’s Estimate for LYV FY2024 Earnings?

Live Nation Entertainment, Inc. (NYSE:LYV) – Analysts at Seaport Res Ptn decreased their FY2024 EPS estimates for shares of Live Nation Entertainment in a report issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings of $0.72 per share for the year, down from their previous forecast of $1.10. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.18 per share. Seaport Res Ptn also issued estimates for Live Nation Entertainment’s Q4 2024 earnings at ($1.51) EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $1.54 EPS, Q3 2025 earnings at $1.36 EPS, Q4 2025 earnings at ($1.28) EPS and FY2026 earnings at $1.87 EPS.

Several other research analysts also recently commented on LYV. Guggenheim increased their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on Live Nation Entertainment from $122.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com lowered shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday. Benchmark raised their target price on Live Nation Entertainment from $132.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday. Finally, TD Cowen raised their price target on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.43.

Live Nation Entertainment Stock Up 1.7 %

LYV opened at $129.21 on Thursday. The company has a 50-day moving average price of $112.06 and a 200 day moving average price of $100.35. Live Nation Entertainment has a twelve month low of $81.38 and a twelve month high of $130.76. The company has a market cap of $29.76 billion, a PE ratio of 137.46, a price-to-earnings-growth ratio of 3.15 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LYV. Brooklyn Investment Group acquired a new position in Live Nation Entertainment during the third quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after buying an additional 202 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Live Nation Entertainment by 67.4% in the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $41,000 after buying an additional 176 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at about $41,000. Finally, Family Firm Inc. purchased a new position in Live Nation Entertainment during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Insider Activity at Live Nation Entertainment

In related news, CAO Brian Capo sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $96.61, for a total transaction of $483,050.00. Following the transaction, the chief accounting officer now owns 12,327 shares of the company’s stock, valued at $1,190,911.47. This trade represents a 28.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Rowles sold 35,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $97.64, for a total value of $3,417,400.00. Following the sale, the executive vice president now directly owns 167,447 shares of the company’s stock, valued at approximately $16,349,525.08. This represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,500 shares of company stock valued at $17,097,016 over the last ninety days. Insiders own 2.72% 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.