What is Roth Capital’s Forecast for LYV FY2024 Earnings?

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities research analysts at Roth Capital boosted their FY2024 EPS estimates for Live Nation Entertainment in a report issued on Thursday, December 12th. Roth Capital analyst E. Handler now forecasts that the company will post earnings of $0.87 per share for the year, up from their previous forecast of $0.86. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.04 per share. Roth Capital also issued estimates for Live Nation Entertainment’s Q4 2024 earnings at ($1.47) EPS, Q1 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($1.47) EPS and FY2025 earnings at $2.13 EPS.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the company posted $1.78 EPS. Live Nation Entertainment’s revenue for the quarter was down 6.2% on a year-over-year basis.

Several other brokerages also recently commented on LYV. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Benchmark raised their target price on Live Nation Entertainment from $132.00 to $144.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Citigroup upped their price target on Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $144.33.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $135.95 on Monday. The company has a market capitalization of $31.59 billion, a P/E ratio of 144.63, a PEG ratio of 3.65 and a beta of 1.37. Live Nation Entertainment has a fifty-two week low of $86.67 and a fifty-two week 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 50 day moving average price of $125.79 and a two-hundred day moving average price of $106.52.

Hedge Funds Weigh In On Live Nation Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYV. Select Equity Group L.P. increased its position in Live Nation Entertainment by 12.3% during the 2nd quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company’s stock valued at $1,213,053,000 after buying an additional 1,415,173 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Live Nation Entertainment by 1.8% during the second quarter. Canada Pension Plan Investment Board now owns 8,722,620 shares of the company’s stock valued at $817,658,000 after acquiring an additional 155,920 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Live Nation Entertainment by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company’s stock worth $787,950,000 after purchasing an additional 87,032 shares in the last quarter. Geode Capital Management LLC grew its position in Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock valued at $410,664,000 after purchasing an additional 321,832 shares during the last quarter. Finally, D1 Capital Partners L.P. increased its stake in Live Nation Entertainment by 44.6% during the 2nd quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock valued at $332,171,000 after purchasing an additional 1,093,000 shares in the last quarter. Hedge funds and other institutional investors 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.