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

Live Nation Entertainment (NYSE:LYV) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Live Nation Entertainment to post earnings of ($0.21) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Live Nation Entertainment (NYSE:LYV) last issued 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 firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations 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 %

Shares of NYSE LYV opened at $89.65 on Thursday. 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 firm’s fifty day moving average is $99.05 and its 200 day moving average is $91.53. The company has a market cap of $20.69 billion, a price-to-earnings ratio of 67.41 and a beta of 1.30.

Analysts Set New Price Targets

Several brokerages recently commented on LYV. JPMorgan Chase & Co. lifted their target price on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. TD Cowen reissued a “buy” rating and set a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Morgan Stanley boosted their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, Rosenblatt Securities reduced their price objective 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. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.30.

Insider Activity

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