Research Analysts Offer Predictions for LYV Q4 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Stock analysts at Zacks Research reduced their Q4 2024 EPS estimates for Live Nation Entertainment in a research note issued to investors on Monday, December 2nd. Zacks Research analyst R. Department now anticipates that the company will post earnings of ($1.12) per share for the quarter, down from their prior 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.

Several other brokerages have also weighed in on LYV. Oppenheimer lifted their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Macquarie lifted their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Citigroup increased their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group increased their price target on shares of Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

Live Nation Entertainment Trading Down 1.5 %

Shares of LYV opened at $134.65 on Thursday. The stock’s 50-day moving average price is $122.23 and its 200 day moving average price is $104.59. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $31.29 billion, a price-to-earnings ratio of 142.95, a P/E/G ratio of 3.77 and a beta of 1.37. Live Nation Entertainment has a 12-month low of $81.81 and a 12-month high of $141.18.

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

Hedge Funds Weigh In On Live Nation Entertainment

Several large investors have recently made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new stake in Live Nation Entertainment during the 2nd quarter worth about $748,000. Select Equity Group L.P. grew its position in shares of 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 worth $1,213,053,000 after buying an additional 1,415,173 shares during the period. Davidson Kempner Capital Management LP acquired a new position in Live Nation Entertainment in the second quarter valued at approximately $3,985,000. Czech National Bank boosted its stake in Live Nation Entertainment by 17.5% in the third quarter. Czech National Bank now owns 31,904 shares of the company’s stock valued at $3,493,000 after acquiring an additional 4,761 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its holdings in Live Nation Entertainment by 48.3% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 51,187 shares of the company’s stock worth $4,798,000 after acquiring an additional 16,668 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 5,640 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $95.18, for a total transaction of $536,815.20. Following the transaction, the director now owns 53,949 shares of the company’s stock, valued at approximately $5,134,865.82. This represents a 9.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Rapino sold 98,849 shares of Live Nation Entertainment stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the sale, the chief executive officer now directly owns 3,702,115 shares of the company’s stock, valued at $360,956,212.50. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,799 shares of company stock worth $16,449,718. 2.72% of the stock is currently owned by insiders.

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.