Zacks Research Has Negative Estimate for LYV Q4 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Zacks Research decreased their Q4 2024 earnings per share estimates for Live Nation Entertainment in a report released on Monday, December 2nd. Zacks Research analyst R. Department now forecasts that the company will post earnings of ($1.12) per share for the quarter, down from their prior forecast of ($1.07). The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.03 per share. Zacks Research also issued estimates for Live Nation Entertainment’s Q2 2025 earnings at $1.27 EPS, Q4 2025 earnings at ($0.79) EPS and Q2 2026 earnings at $1.34 EPS.

A number of other analysts also recently commented on LYV. Bank of America raised their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Oppenheimer raised their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Macquarie boosted their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Guggenheim raised their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Live Nation Entertainment from $118.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $142.13.

Live Nation Entertainment Stock Up 1.6 %

NYSE LYV opened at $136.77 on Thursday. Live Nation Entertainment has a twelve month low of $82.25 and a twelve month high of $141.18. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $31.78 billion, a PE ratio of 144.50, a PEG ratio of 3.77 and a beta of 1.37. The firm has a 50-day simple moving average of $122.77 and a 200 day simple moving average of $104.80.

Live Nation Entertainment (NYSE:LYV) last released 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. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The firm had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the company earned $1.78 EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the transaction, the executive vice president now directly owns 167,447 shares of the company’s stock, valued at approximately $16,349,525.08. This trade represents a 17.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Rapino sold 98,849 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 3,702,115 shares in the company, valued at $360,956,212.50. This represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,799 shares of company stock worth $16,449,718 in the last quarter. Insiders own 2.72% of the company’s stock.

Institutional Trading of Live Nation Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of LYV. Cromwell Holdings LLC raised its holdings in Live Nation Entertainment by 25.7% in the third quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after purchasing an additional 88 shares during the period. Private Advisor Group LLC increased its position 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. raised its stake in Live Nation Entertainment by 1.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock worth $728,000 after buying an additional 95 shares during the period. Empirical Finance LLC grew its stake in Live Nation Entertainment by 2.3% in the third quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock valued at $508,000 after acquiring an additional 105 shares during the period. Finally, Mystic Asset Management Inc. grew its stake in Live Nation Entertainment by 2.1% in the second quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock valued at $491,000 after acquiring an additional 110 shares during the period. 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.