Live Nation Entertainment (LYV) Set to Announce Quarterly Earnings on Thursday

Live Nation Entertainment (NYSE:LYV) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. On average, analysts expect Live Nation Entertainment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Live Nation Entertainment Stock Down 0.5 %

NYSE:LYV opened at $89.65 on Thursday. The firm’s 50 day simple moving average is $99.05 and its 200 day simple moving average is $91.53. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96. Live Nation Entertainment has a one year low of $64.96 and a one year high of $107.24. The company has a market cap of $20.69 billion, a PE ratio of 67.41 and a beta of 1.30.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the sale, the director now owns 59,374 shares in the company, valued at approximately $5,967,087. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.85% of the company’s stock.

Analyst Ratings Changes

LYV has been the topic of several recent research reports. Roth Capital upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Oppenheimer boosted their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Rosenblatt Securities dropped their price target on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. TD Cowen restated a “buy” rating and issued a $108.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.30.

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.