Q2 2024 EPS Estimates for Live Nation Entertainment, Inc. (NYSE:LYV) Lowered by Seaport Res Ptn

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities researchers at Seaport Res Ptn reduced their Q2 2024 EPS estimates for shares of Live Nation Entertainment in a research report issued on Sunday, June 30th. Seaport Res Ptn analyst D. Joyce now anticipates that the company will post earnings per share of $1.01 for the quarter, down from their prior forecast of $1.03. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.37 per share. Seaport Res Ptn also issued estimates for Live Nation Entertainment’s Q3 2024 earnings at $1.74 EPS, Q2 2025 earnings at $1.21 EPS and Q3 2025 earnings at $1.95 EPS.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.32). The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.26 billion. Live Nation Entertainment had a return on equity of 90.67% and a net margin of 2.22%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.25) earnings per share.

LYV has been the subject of several other research reports. Oppenheimer restated an “outperform” rating and issued a $110.00 target price on shares of Live Nation Entertainment in a report on Tuesday, June 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 target price on shares of Live Nation Entertainment in a research note on Wednesday, June 12th. Rosenblatt Securities raised their price target on Live Nation Entertainment from $119.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Live Nation Entertainment from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Northcoast Research cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.58.

Live Nation Entertainment Stock Up 2.0 %

Shares of LYV opened at $96.71 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 10.83. The business has a fifty day moving average of $93.27 and a 200 day moving average of $94.45. The company has a market cap of $22.22 billion, a PE ratio of 92.11, a P/E/G ratio of 1.92 and a beta of 1.34. Live Nation Entertainment has a 52-week low of $76.48 and a 52-week high of $107.24.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV lifted its position in Live Nation Entertainment by 148.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in Live Nation Entertainment during the 1st quarter worth $32,000. Raleigh Capital Management Inc. purchased a new stake in Live Nation Entertainment in the third quarter valued at about $33,000. Rise Advisors LLC raised its position in shares of Live Nation Entertainment by 90.3% in the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after purchasing an additional 159 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of Live Nation Entertainment by 44.1% during the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after buying an additional 119 shares during the last quarter. 74.52% of the stock is owned by institutional investors.

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.