Seaport Res Ptn Has Positive Outlook of LYV FY2025 Earnings

Live Nation Entertainment, Inc. (NYSE:LYV) – Research analysts at Seaport Res Ptn lifted their FY2025 EPS estimates for Live Nation Entertainment in a research report issued to clients and investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Joyce now forecasts that the company will post earnings per share of $2.06 for the year, up from their previous estimate of $1.97. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.18 per share.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The firm 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 earned $1.78 earnings per share.

A number of other research firms have also recently issued reports on LYV. Rosenblatt Securities reiterated a “buy” rating and set a $123.00 target price on shares of Live Nation Entertainment in a report on Thursday, August 15th. Macquarie lifted their target price on Live Nation Entertainment from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on Live Nation Entertainment from $118.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. 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. Finally, StockNews.com cut shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.43.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $129.21 on Wednesday. The firm has a market cap of $29.76 billion, a P/E ratio of 137.46, a PEG ratio of 3.15 and a beta of 1.33. Live Nation Entertainment has a twelve month low of $81.38 and a twelve month high of $130.76. The firm’s 50 day moving average price is $112.06 and its two-hundred day moving average price is $100.35. The company has a debt-to-equity ratio of 6.10, a quick ratio of 0.92 and a current ratio of 1.01.

Insider Buying and Selling

In other Live Nation Entertainment news, EVP Michael Rowles sold 35,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the transaction, the executive vice president now directly owns 167,447 shares in the company, valued at $16,349,525.08. The trade was a 17.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Rapino sold 98,849 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $97.50, for a total transaction of $9,637,777.50. Following the sale, the chief executive officer now owns 3,702,115 shares of the company’s stock, valued at approximately $360,956,212.50. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,500 shares of company stock valued at $17,097,016. 2.72% of the stock is owned by insiders.

Institutional Trading of Live Nation Entertainment

Several hedge funds have recently added to or reduced their stakes in the company. Select Equity Group L.P. increased its position in 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. D1 Capital Partners L.P. grew its stake in shares of Live Nation Entertainment by 44.6% in the second quarter. D1 Capital Partners L.P. now owns 3,543,532 shares of the company’s stock valued at $332,171,000 after acquiring an additional 1,093,000 shares in the last quarter. Vulcan Value Partners LLC increased its position in Live Nation Entertainment by 46.5% during the second quarter. Vulcan Value Partners LLC now owns 2,694,463 shares of the company’s stock worth $252,663,000 after acquiring an additional 855,197 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Live Nation Entertainment by 85.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,038,285 shares of the company’s stock worth $97,329,000 after purchasing an additional 476,981 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Live Nation Entertainment by 55.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company’s stock worth $118,147,000 after purchasing an additional 387,008 shares in the last quarter. 74.52% of the stock is 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.