FY2027 Earnings Forecast for LYV Issued By Seaport Res Ptn

Live Nation Entertainment, Inc. (NYSE:LYV) – Stock analysts at Seaport Res Ptn dropped their FY2027 earnings estimates for Live Nation Entertainment in a research note issued on Monday, October 14th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings per share of $2.37 for the year, down from their prior forecast of $2.73. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.21 per share.

Several other research firms have also recently commented on LYV. Bank of America assumed coverage on shares of Live Nation Entertainment in a research report on Wednesday, September 4th. They issued a “buy” rating and a $125.00 price objective on the stock. Macquarie upped their price objective on Live Nation Entertainment from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Oppenheimer lifted their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Roth Mkm upped their price target on Live Nation Entertainment from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $132.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.77.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $114.94 on Thursday. The firm has a market cap of $26.41 billion, a P/E ratio of 109.47, a PEG ratio of 2.65 and a beta of 1.35. Live Nation Entertainment has a twelve month low of $76.48 and a twelve month high of $116.57. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $102.67 and its two-hundred day moving average price is $97.23.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis.

Insider Buying and Selling at Live Nation Entertainment

In other news, CAO Brian Capo sold 5,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the transaction, the chief accounting officer now directly owns 12,327 shares in the company, valued at $1,190,911.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $97.64, for a total transaction of $3,417,400.00. Following the completion of the sale, the executive vice president now owns 167,447 shares of the company’s stock, valued at $16,349,525.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brian Capo sold 5,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the transaction, the chief accounting officer now owns 12,327 shares in the company, valued at approximately $1,190,911.47. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,000 shares of company stock worth $17,238,181 over the last quarter. 2.85% of the stock is currently owned by insiders.

Institutional Trading of Live Nation Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its position in Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after acquiring an additional 202 shares during the last quarter. Rise Advisors LLC lifted its holdings in Live Nation Entertainment by 90.3% during the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after purchasing an additional 159 shares during the last quarter. UMB Bank n.a. boosted its stake in Live Nation Entertainment by 67.4% in the 2nd quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $41,000 after purchasing an additional 176 shares during the period. Family Firm Inc. acquired a new position in Live Nation Entertainment in the 2nd quarter valued at $42,000. Finally, American National Bank & Trust acquired a new stake in shares of Live Nation Entertainment during the third quarter worth $50,000. 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.