Q4 EPS Estimate for Live Nation Entertainment Cut by Analyst

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities research analysts at Zacks Research lowered their Q4 2024 earnings per share estimates for shares of Live Nation Entertainment in a report released on Monday, December 2nd. Zacks Research analyst R. Department now forecasts that the company will earn ($1.12) per share for the quarter, down from their previous estimate 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.

Other research analysts also recently issued reports about the company. Roth Mkm upped their target price on Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Benchmark upped 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. Bank of America upped their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup upped their target price on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Two 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.13.

Live Nation Entertainment Trading Down 0.5 %

Shares of LYV stock opened at $136.71 on Thursday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $31.76 billion, a price-to-earnings ratio of 145.44, a PEG ratio of 3.77 and a beta of 1.37. The stock has a 50 day simple moving average of $121.64 and a 200-day simple moving average of $104.36. Live Nation Entertainment has a 1-year low of $81.38 and a 1-year high of $141.18.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year.

Hedge Funds Weigh In On Live Nation Entertainment

A number of hedge funds have recently modified their holdings of LYV. Brooklyn Investment Group purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock valued at $34,000 after acquiring an additional 202 shares during the period. Reston Wealth Management LLC purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $41,000. Morse Asset Management Inc purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $42,000. Finally, SOA Wealth Advisors LLC. purchased a new position in Live Nation Entertainment during the 3rd quarter valued at about $46,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 5,640 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $95.18, for a total value of $536,815.20. Following the completion of the sale, the director now directly owns 53,949 shares of the company’s stock, valued at $5,134,865.82. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Rowles sold 35,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was 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 owns 167,447 shares of the company’s stock, valued at approximately $16,349,525.08. This represents a 17.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,799 shares of company stock valued at $16,449,718 in the last three months. 2.72% of the stock is currently owned by insiders.

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.