Roth Capital Comments on Live Nation Entertainment, Inc.’s Q1 2024 Earnings (NYSE:LYV)

Live Nation Entertainment, Inc. (NYSE:LYV) – Investment analysts at Roth Capital reduced their Q1 2024 earnings per share (EPS) estimates for Live Nation Entertainment in a research note issued on Tuesday, April 23rd. Roth Capital analyst E. Handler now anticipates that the company will post earnings of ($0.26) per share for the quarter, down from their prior forecast 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.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Live Nation Entertainment from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Morgan Stanley boosted their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. TD Cowen reissued a “buy” rating and issued a $108.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Oppenheimer boosted their target price on Live Nation Entertainment from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 21st. Finally, Rosenblatt Securities decreased their target price on Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a research note 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $116.30.

Live Nation Entertainment Trading Up 1.5 %

NYSE LYV opened at $89.83 on Friday. The stock has a 50-day simple moving average of $98.87 and a 200 day simple moving average of $91.52. The company has a market capitalization of $20.73 billion, a PE ratio of 67.54 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. Live Nation Entertainment has a 12 month low of $65.20 and a 12 month high of $107.24.

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

Institutional Trading of Live Nation Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of LYV. Creative Financial Designs Inc. ADV raised its stake in Live Nation Entertainment by 148.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. YHB Investment Advisors Inc. bought a new stake in Live Nation Entertainment in the first quarter valued at approximately $32,000. Raleigh Capital Management Inc. bought a new stake in Live Nation Entertainment in the third quarter valued at approximately $33,000. Rise Advisors LLC increased its stake in shares of Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after purchasing an additional 159 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Live Nation Entertainment by 9,800.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares during the period. Institutional investors own 74.52% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was 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 $5,967,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.85% of the stock is currently owned by corporate insiders.

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.