Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.

Gallery

Contact

+1-800-456-478-23

411 University St, Seattle

maxbizz@mail.com

Equities Analysts Offer Predictions for Live Nation Entertainment, Inc.'s Q2 2023 Earnings (NYSE:LYV) – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:

Live Nation Entertainment, Inc. (NYSE:LYVGet Rating) – Equities research analysts at Jefferies Financial Group lifted their Q2 2023 earnings per share (EPS) estimates for Live Nation Entertainment in a note issued to investors on Friday, November 4th. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings of $1.00 per share for the quarter, up from their previous forecast of $0.91. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $0.53 per share. Jefferies Financial Group also issued estimates for Live Nation Entertainment’s FY2024 earnings at $1.32 EPS.
Live Nation Entertainment (NYSE:LYVGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13. Live Nation Entertainment had a negative return on equity of 305.04% and a net margin of 2.01%. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the company earned ($0.90) earnings per share. The firm’s revenue was up 669.9% on a year-over-year basis.
Other research analysts also recently issued reports about the company. StockNews.com upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th. Benchmark boosted their price objective on Live Nation Entertainment to $140.00 in a research note on Monday, August 15th. The Goldman Sachs Group dropped their price target on Live Nation Entertainment from $130.00 to $112.00 and set a “buy” rating for the company in a research report on Friday. TheStreet upgraded Live Nation Entertainment from a “d+” rating to a “c-” rating in a report on Wednesday, August 10th. Finally, Morgan Stanley decreased their price target on Live Nation Entertainment from $110.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.50.

Live Nation Entertainment Price Performance

Shares of LYV stock opened at $70.72 on Monday. The stock has a 50 day moving average price of $82.22 and a 200 day moving average price of $88.48. The firm has a market capitalization of $16.26 billion, a P/E ratio of 101.03 and a beta of 1.31. Live Nation Entertainment has a 52-week low of $67.53 and a 52-week high of $127.75. The company has a debt-to-equity ratio of 146.87, a quick ratio of 0.99 and a current ratio of 0.99.

Hedge Funds Weigh In On Live Nation Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in LYV. Goldman Sachs Group Inc. boosted its stake in Live Nation Entertainment by 96.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,698,063 shares of the company’s stock worth $435,041,000 after acquiring an additional 1,819,841 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Live Nation Entertainment by 1,508.8% in the second quarter. Voya Investment Management LLC now owns 1,408,651 shares of the company’s stock valued at $116,326,000 after purchasing an additional 1,321,093 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Live Nation Entertainment by 18.8% in the first quarter. Select Equity Group L.P. now owns 7,396,714 shares of the company’s stock valued at $870,149,000 after acquiring an additional 1,172,495 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Live Nation Entertainment by 254.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,351,040 shares of the company’s stock valued at $111,569,000 after acquiring an additional 969,976 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Live Nation Entertainment by 20.9% during the third quarter. Victory Capital Management Inc. now owns 4,093,441 shares of the company’s stock worth $311,265,000 after purchasing an additional 708,397 shares during the period. 71.08% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Jeffrey T. Hinson sold 500 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $99.42, for a total transaction of $49,710.00. Following the completion of the sale, the director now owns 60,531 shares of the company’s stock, valued at approximately $6,017,992.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Michael Rapino sold 78,000 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $92.66, for a total transaction of $7,227,480.00. Following the transaction, the chief executive officer now owns 3,711,273 shares in the company, valued at approximately $343,886,556.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey T. Hinson sold 500 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $99.42, for a total transaction of $49,710.00. Following the completion of the transaction, the director now owns 60,531 shares in the company, valued at $6,017,992.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 312,500 shares of company stock worth $26,690,610. 4.01% of the stock is currently owned by corporate insiders.

Live Nation Entertainment Company Profile

(Get Rating)
Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.

Read More

Earnings History and Estimates for Live Nation Entertainment (NYSE:LYV)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Live Nation Entertainment, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Live Nation Entertainment wasn’t on the list.
While Live Nation Entertainment currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source

Author

Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.