Zacks Research Has Positive Estimate for LYV FY2024 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for Live Nation Entertainment in a report issued on Monday, January 13th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.88 for the year, up from their previous forecast of $0.86. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.02 per share. Zacks Research also issued estimates for Live Nation Entertainment’s Q4 2024 earnings at ($1.28) EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at ($0.82) EPS, Q3 2026 earnings at $1.88 EPS, Q4 2026 earnings at ($0.68) EPS and FY2026 earnings at $2.63 EPS.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data 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. The business had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share.

Several other analysts have also recently issued reports on LYV. Guggenheim increased their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upped 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. JPMorgan Chase & Co. lifted their price target on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer raised their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Bank of America increased their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Price Performance

Shares of LYV opened at $133.52 on Thursday. The firm’s 50 day moving average price is $133.08 and its 200 day moving average price is $112.89. The company has a market cap of $31.02 billion, a P/E ratio of 142.04, a PEG ratio of 1.50 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment has a fifty-two week low of $86.67 and a fifty-two week high of $141.18.

Hedge Funds Weigh In On Live Nation Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Trust Asset Management LLC purchased a new stake in shares of Live Nation Entertainment in the fourth quarter valued at about $218,000. Harbor Investment Advisory LLC boosted its holdings in Live Nation Entertainment by 4.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,450 shares of the company’s stock valued at $317,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. increased its position in Live Nation Entertainment by 21.2% during the 4th quarter. UMB Bank n.a. now owns 532 shares of the company’s stock worth $69,000 after purchasing an additional 93 shares during the period. City Holding Co. raised its stake in shares of Live Nation Entertainment by 8.8% during the 4th quarter. City Holding Co. now owns 1,363 shares of the company’s stock worth $177,000 after buying an additional 110 shares in the last quarter. Finally, Clarius Group LLC acquired a new stake in shares of Live Nation Entertainment in the 4th quarter valued at approximately $232,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

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.