Zacks Research Analysts Cut Earnings Estimates for Live Nation Entertainment, Inc. (NYSE:LYV)

Live Nation Entertainment, Inc. (NYSE:LYV) – Equities researchers at Zacks Research reduced their FY2025 earnings per share estimates for Live Nation Entertainment in a note issued to investors on Monday, April 22nd. Zacks Research analyst R. Department now anticipates that the company will earn $1.82 per share for the year, down from their previous forecast of $1.93. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $1.63 per share. Zacks Research also issued estimates for Live Nation Entertainment’s FY2026 earnings at $2.45 EPS.

Several other analysts also recently issued reports on the company. Roth Capital upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. TD Cowen reiterated a “buy” rating and set a $108.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Morgan Stanley increased their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Rosenblatt Securities reduced their target price on 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. Finally, JPMorgan Chase & Co. increased their target price on 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 research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.30.

Live Nation Entertainment Stock Down 0.5 %

Shares of NYSE:LYV opened at $89.65 on Tuesday. 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 has a 52-week low of $64.96 and a 52-week high of $107.24. The stock’s fifty day simple moving average is $99.05 and its 200-day simple moving average is $91.53. The company has a market capitalization of $20.69 billion, a P/E ratio of 67.41 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.09). Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $4.72 billion.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the transaction, the director now directly 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 the SEC website. Company insiders own 2.85% of the company’s stock.

Institutional Investors Weigh In On Live Nation Entertainment

Large investors have recently modified their holdings of the stock. Bank of Nova Scotia grew its stake in shares of Live Nation Entertainment by 6.9% in the third quarter. Bank of Nova Scotia now owns 560,768 shares of the company’s stock valued at $46,566,000 after buying an additional 36,298 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Live Nation Entertainment by 13.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 567,995 shares of the company’s stock valued at $53,164,000 after purchasing an additional 66,390 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Live Nation Entertainment by 77.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,198 shares of the company’s stock valued at $3,201,000 after purchasing an additional 14,928 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in Live Nation Entertainment during the 4th quarter valued at approximately $1,151,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Live Nation Entertainment by 9,800.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after purchasing an additional 490 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

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.