Equities Analysts Offer Predictions for Live Nation Entertainment, Inc.’s FY2022 Earnings (NYSE:LYV)

Live Nation Entertainment, Inc. (NYSE:LYV – Get Ratings) – Equities analysts at Jefferies Financial Group dropped their FY2022 earnings estimates for Live Nation Entertainment in a note issued to investors on Thursday, December 8th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings of $0.38 per share for the year, down from their previous forecast of $0.45. The consensus estimate for Live Nation Entertainment’s current full-year earnings is $0.63 per share. Jefferies Financial Group also issued estimates for Live Nation Entertainment’s Q4 2022 earnings at ($1.28) EPS, Q1 2023 earnings at ($0.33) EPS, Q2 2023 earnings at $0.94 EPS, Q3 2023 earnings at $1.32 EPS. , FY2023 earnings at $0.83 EPS and FY2024 earnings at $1.07 EPS.

Live Nation Entertainment (NYSE:LYV – Get Rated ) last issued its earnings results on Thursday, November 3rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.31. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $4.97 billion. Live Nation Entertainment had a margin of 2.01% and a return on equity of 1,222.70%.

A number of other research analysts also recently weighed in on LYV. Rosenblatt Securities dropped their target price on shares of Live Nation Entertainment from $138.00 to $101.00 and set a “buy” rating on the stock in a research note on Tuesday, October 18th. Redburn Partners assumed coverage on the stock. of Live Nation Entertainment in a research note on Tuesday, November 22nd. They rated the stock “neutral”. Guggenheim dropped their price target on shares of Live Nation Entertainment from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 7th. StockNews.com upgraded shares of Live Nation Entertainment from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19. Finally, Citigroup upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating. and dropped their target price for the company from $90.00 to $82.00 in a research note on Monday, November 28th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and a target price of $105.67.

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Live Nation Entertainment Stock Up 0.4 %

LYV opened at $71.77 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 12.85. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of 102.53 and a beta of 1.27. Live Nation Entertainment has a twelve month low of $65.05 and a twelve month high of $126.79. The company’s 50-day moving average is $75.01 and its two-hundred-day moving average is $84.33.

Hedge Funds have a hard time entertaining Live Nation

A number of institutional investors have recently made changes to their positions in LYV. First Horizon Advisors Inc. grew its holdings in Live Nation Entertainment by 505.9% during the first quarter. First Horizon Advisors Inc. now owns 206 shares of the company’s stock worth $25,000 after buying an additional 172 shares in the last quarter. Fieldpoint Private Securities LLC grew its holdings in shares of Live Nation Entertainment by 357.1% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 320 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Turtle Investment Management LLC boosted its holdings in shares of Live Nation Entertainment by 274.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 337 shares of the company’s stock valued at $28,000 after buying an additional 247 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in shares of Live Nation Entertainment by 689.6% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 331 shares in the last quarter. Finally, CX Institutional bought a new position in shares of Live Nation Entertainment during the 2nd quarter worth $31,000. Institutional investors own 71.08% of the company’s stock.

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Insiders Place Their Bets

In other news, Director Jimmy Iovine bought 13,740 shares of the stock in a transaction on Thursday, December 1st. The shares were acquired at an average price of $73.28 per share, for a transaction of $1,006,867.20. Following the purchase, the director now directly owns 13,740 shares of the company’s stock, valued at approximately $1,006,867.20. The transaction was disclosed in a document filed with the SEC, which can be found on the SEC’s website. In other news, Director Jimmy Iovine bought 13,740 shares of the stock in a transaction on Thursday, December 1st. The shares were acquired at an average price of $73.28 per share, for a transaction of $1,006,867.20. Following the purchase, the director now directly owns 13,740 shares of the company’s stock, valued at approximately $1,006,867.20. The transaction was disclosed in a document filed with the SEC, which can be found on the SEC’s website. Also, CEO Michael Rapino sold 78,000 shares of the stock in a transaction on Thursday, September 15th. The stock traded at an average price of $92.66, for a total transaction of 7,227,480.00. Following the completion of the transaction, the chief executive officer now directly owns 3,711,273 shares in the company, valued at approximately $343,886,556.18. The announcement of this sale can be found here. Insiders sold 234,000 shares of company stock valued at $19,552,260 in the last three months. 4.01% of the stock is currently owned by company insiders.

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About Live Nation Entertainment

(Get a quote)

Live Nation Entertainment, Inc. operates as a live entertainment company. Works with Concerts, Tickets, and Support and Marketing departments. The Concerts segment promotes live music events at venues it owns or operates, and at venues rented from third parties; operates and manages music venues; produces music events; create relevant content; and provides management and other services to artists.

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Earnings History and Forecast for Live National Entertainment (NYSE:LYV)

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