What is Roth Capital’s Estimate for LYV Q3 Earnings?

Live Nation Entertainment, Inc. (NYSE:LYV) – Analysts at Roth Capital cut their Q3 2024 EPS estimates for shares of Live Nation Entertainment in a research report issued on Wednesday, October 16th. Roth Capital analyst E. Handler now forecasts that the company will post earnings per share of $1.65 for the quarter, down from their previous forecast of $1.94. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.21 per share. Roth Capital also issued estimates for Live Nation Entertainment’s Q4 2024 earnings at ($1.46) EPS, FY2024 earnings at $0.86 EPS, FY2025 earnings at $0.53 EPS and FY2026 earnings at $0.70 EPS.

A number of other brokerages also recently commented on LYV. Macquarie boosted their price objective on shares of Live Nation Entertainment from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Bank of America assumed coverage on Live Nation Entertainment in a research report on Wednesday, September 4th. They issued a “buy” rating and a $125.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $123.00 target price on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Benchmark reissued a “buy” rating and set a $132.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, September 10th. Finally, Roth Mkm lifted their price objective on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.77.

Live Nation Entertainment Price Performance

Shares of LYV stock opened at $114.94 on Friday. Live Nation Entertainment has a twelve month low of $76.48 and a twelve month high of $116.57. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.22. The stock has a fifty day simple moving average of $102.67 and a two-hundred day simple moving average of $97.18. The stock has a market capitalization of $26.41 billion, a price-to-earnings ratio of 109.47, a P/E/G ratio of 2.65 and a beta of 1.35.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.02 billion. Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS.

Insider Buying and Selling

In other Live Nation Entertainment news, CEO Michael Rapino sold 98,849 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the completion of the sale, the chief executive officer now directly owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the sale, the director now owns 59,789 shares in the company, valued at approximately $5,626,742.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Rapino sold 98,849 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,000 shares of company stock worth $17,238,181 in the last 90 days. Insiders own 2.85% of the company’s stock.

Hedge Funds Weigh In On Live Nation Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LYV. Rise Advisors LLC raised its holdings in shares of Live Nation Entertainment by 90.3% during the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after acquiring an additional 159 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares during the last quarter. UMB Bank n.a. raised its stake in Live Nation Entertainment by 67.4% during the second quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $41,000 after purchasing an additional 176 shares during the period. Family Firm Inc. acquired a new position in Live Nation Entertainment in the second quarter valued at approximately $42,000. Finally, American National Bank & Trust purchased a new position in Live Nation Entertainment in the third quarter worth approximately $50,000. 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.