Seaport Res Ptn Issues Pessimistic Forecast for LYV Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Seaport Res Ptn cut their Q4 2024 earnings per share (EPS) estimates for shares of Live Nation Entertainment in a report issued on Monday, January 6th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings of ($1.54) per share for the quarter, down from their prior estimate 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.

Live Nation Entertainment (NYSE:LYV) last issued its 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. The company had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.78 EPS.

LYV has been the topic of several other research reports. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Oppenheimer lifted their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Guggenheim increased their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Evercore ISI lifted their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Macquarie boosted their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.40.

Live Nation Entertainment Trading Up 0.4 %

Shares of Live Nation Entertainment stock opened at $130.19 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The company has a market capitalization of $30.25 billion, a P/E ratio of 138.50, a price-to-earnings-growth ratio of 3.68 and a beta of 1.38. The stock has a fifty day simple moving average of $132.16 and a 200 day simple moving average of $111.62. Live Nation Entertainment has a 12-month low of $86.67 and a 12-month high of $141.18.

Institutional Trading of Live Nation Entertainment

A number of hedge funds have recently added to or reduced their stakes in the business. Cromwell Holdings LLC boosted its stake in Live Nation Entertainment by 25.7% during the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after buying an additional 88 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Live Nation Entertainment by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock valued at $352,000 after buying an additional 89 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Live Nation Entertainment by 1.4% during the third quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock worth $728,000 after purchasing an additional 95 shares during the last quarter. Empirical Finance LLC increased its position in Live Nation Entertainment by 2.3% during the third quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock worth $508,000 after buying an additional 105 shares during the period. Finally, Mystic Asset Management Inc. raised its position in Live Nation Entertainment by 2.1% in the 2nd quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock valued at $491,000 after purchasing an additional 110 shares during the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

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.