Zacks Research Issues Optimistic Forecast for LYV Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities researchers at Zacks Research lifted their FY2025 earnings estimates for Live Nation Entertainment in a research note issued to investors on Monday, January 13th. Zacks Research analyst R. Department now expects that the company will post earnings of $2.41 per share for the year, up from their prior estimate of $2.23. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.04 per share.

Several other brokerages also recently commented on LYV. Oppenheimer lifted their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Macquarie upped their price objective 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. Benchmark raised their target price on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.40.

Live Nation Entertainment Trading Up 1.6 %

Live Nation Entertainment stock opened at $133.37 on Wednesday. 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 simple moving average of $132.93 and a 200 day simple moving average of $112.75. The stock has a market capitalization of $30.99 billion, a P/E ratio of 141.88, a PEG ratio of 3.68 and a beta of 1.38. Live Nation Entertainment has a 52 week low of $86.67 and a 52 week high of $141.18.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 2.11% and a return on equity of 77.62%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS.

Hedge Funds Weigh In On Live Nation Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in shares of Live Nation Entertainment during the 3rd quarter worth $31,000. World Investment Advisors LLC bought a new stake in Live Nation Entertainment during the third quarter worth about $38,000. Reston Wealth Management LLC acquired a new stake in Live Nation Entertainment during the third quarter worth about $41,000. Morse Asset Management Inc bought a new position in Live Nation Entertainment in the 3rd quarter valued at about $42,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Live Nation Entertainment in the 4th quarter valued at approximately $44,000. 74.52% of the stock is owned by institutional investors and hedge funds.

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.