Live Nation Entertainment (LYV) Scheduled to Post Earnings on Monday

Live Nation Entertainment (NYSE:LYV) will announce its earnings results after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Live Nation Entertainment Trading Down 1.3 %

Shares of NYSE:LYV opened at $123.00 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. Live Nation Entertainment has a 52-week low of $81.38 and a 52-week high of $127.64. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 116.04, a PEG ratio of 3.11 and a beta of 1.33. The business has a 50-day moving average price of $109.51 and a 200-day moving average price of $99.30.

Wall Street Analyst Weigh In

LYV has been the topic of a number of recent research reports. Bank of America began coverage on Live Nation Entertainment in a research note on Wednesday, September 4th. They issued a “buy” rating and a $125.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $123.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, August 15th. Roth Mkm boosted their target price on shares of Live Nation Entertainment from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Live Nation Entertainment from $122.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating and issued a $132.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.73.

Insider Activity at Live Nation Entertainment

In other news, Director Ping Fu sold 1,701 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $96.56, for a total transaction of $164,248.56. Following the transaction, the director now owns 15,128 shares of the company’s stock, valued at approximately $1,460,759.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Live Nation Entertainment news, Director Ping Fu sold 1,701 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $96.56, for a total transaction of $164,248.56. Following the completion of the transaction, the director now owns 15,128 shares of the company’s stock, valued at $1,460,759.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brian Capo sold 5,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $96.61, for a total transaction of $483,050.00. Following the transaction, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at $1,190,911.47. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,000 shares of company stock valued at $17,238,181. 2.72% of the stock is currently owned by insiders.

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.