Seaport Res Ptn Issues Negative Forecast for LYV Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities research analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for Live Nation Entertainment in a research report issued to clients and investors on Monday, January 6th. Seaport Res Ptn analyst D. Joyce now expects that the company will post earnings of ($1.54) per share for the quarter, down from their prior estimate of ($1.51). The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.04 per share. Seaport Res Ptn also issued estimates for Live Nation Entertainment’s Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at ($1.48) EPS, FY2025 earnings at $1.92 EPS and FY2026 earnings at $2.14 EPS.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, beating 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 firm had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the firm posted $1.78 EPS. Live Nation Entertainment’s revenue was down 6.2% on a year-over-year basis.

Other analysts also recently issued research reports about the company. Benchmark upped their target price on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Macquarie increased their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Oppenheimer lifted 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. StockNews.com upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.40.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $129.59 on Wednesday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average of $131.63 and a 200 day moving average of $111.36. The firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 137.86, a price-to-earnings-growth ratio of 3.68 and a beta of 1.38. Live Nation Entertainment has a 1 year low of $86.67 and a 1 year high of $141.18.

Hedge Funds Weigh In On Live Nation Entertainment

Institutional investors have recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new stake in shares of Live Nation Entertainment during the 4th quarter worth about $496,000. GAMMA Investing LLC raised its position in Live Nation Entertainment by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 3,143 shares of the company’s stock valued at $407,000 after purchasing an additional 674 shares during the period. Retirement Systems of Alabama lifted its stake in Live Nation Entertainment by 8.6% during the third quarter. Retirement Systems of Alabama now owns 34,119 shares of the company’s stock worth $3,736,000 after purchasing an additional 2,697 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Live Nation Entertainment by 10.7% in the third quarter. Tidal Investments LLC now owns 24,668 shares of the company’s stock valued at $2,701,000 after buying an additional 2,386 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Live Nation Entertainment in the 3rd quarter valued at $499,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

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.