Q1 2024 EPS Estimates for Live Nation Entertainment, Inc. (NYSE:LYV) Decreased by Roth Capital

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities research analysts at Roth Capital lowered their Q1 2024 EPS estimates for Live Nation Entertainment in a research report issued to clients and investors on Tuesday, April 23rd. Roth Capital analyst E. Handler now expects that the company will earn ($0.26) per share for the quarter, down from their previous estimate of ($0.24). Roth Capital currently has a “Buy” rating on the stock. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.62 per share. Roth Capital also issued estimates for Live Nation Entertainment’s Q2 2024 earnings at $1.20 EPS and Q4 2024 earnings at ($1.34) EPS.

Several other research analysts have also recently issued reports on LYV. Rosenblatt Securities cut their price target on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Oppenheimer increased their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. TD Cowen reissued a “buy” rating and set a $108.00 price target on shares of Live Nation Entertainment in a report on Tuesday, April 16th. Morgan Stanley increased their price target on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Live Nation Entertainment currently has an average rating of “Moderate Buy” and an average price target of $116.30.

Live Nation Entertainment Trading Up 1.5 %

NYSE LYV opened at $89.83 on Friday. The stock has a market capitalization of $20.73 billion, a P/E ratio of 67.54 and a beta of 1.30. Live Nation Entertainment has a 52-week low of $65.20 and a 52-week high of $107.24. The firm has a 50-day moving average price of $98.87 and a 200 day moving average price of $91.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 9.30.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%.

Insider Buying and Selling at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 59,374 shares in the company, valued at $5,967,087. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.85% of the stock is currently owned by corporate insiders.

Institutional Trading of Live Nation Entertainment

Several large investors have recently modified their holdings of the business. YHB Investment Advisors Inc. acquired a new stake in shares of Live Nation Entertainment in the first quarter valued at approximately $32,000. Checchi Capital Advisers LLC boosted its position in Live Nation Entertainment by 2.4% during the first quarter. Checchi Capital Advisers LLC now owns 9,359 shares of the company’s stock worth $990,000 after acquiring an additional 218 shares during the last quarter. Lindbrook Capital LLC boosted its position in Live Nation Entertainment by 44.1% during the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after acquiring an additional 119 shares during the last quarter. New York State Teachers Retirement System boosted its position in Live Nation Entertainment by 1.4% during the first quarter. New York State Teachers Retirement System now owns 140,228 shares of the company’s stock worth $14,832,000 after acquiring an additional 1,971 shares during the last quarter. Finally, Equitable Trust Co. acquired a new stake in Live Nation Entertainment during the first quarter worth approximately $3,240,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

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.