Live Nation Entertainment, Inc. (NYSE:LYV) – Stock analysts at Macquarie upped their Q3 2019 earnings per share estimates for shares of Live Nation Entertainment in a note issued to investors on Tuesday. Macquarie analyst A. Yong now expects that the company will post earnings per share of $0.72 for the quarter, up from their prior estimate of $0.71. Macquarie currently has a “Buy” rating and a $52.00 price target on the stock.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Live Nation Entertainment had a return on equity of 3.33% and a net margin of 0.50%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the company earned $0.49 earnings per share. Live Nation Entertainment’s revenue for the quarter was up 12.3% compared to the same quarter last year.

A number of other equities analysts have also weighed in on LYV. Jefferies Group upped their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Citigroup lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Saturday, December 30th. Zacks Investment Research lowered Live Nation Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.57.

Shares of Live Nation Entertainment (LYV) traded up $1.12 during trading hours on Thursday, hitting $43.19. The stock had a trading volume of 2,105,059 shares, compared to its average volume of 1,264,058. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. Live Nation Entertainment has a one year low of $27.22 and a one year high of $46.99. The firm has a market capitalization of $9,028.88, a price-to-earnings ratio of 2,160.58 and a beta of 1.06.

In related news, EVP Michael Rowles sold 46,511 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $43.35, for a total transaction of $2,016,251.85. Following the completion of the sale, the executive vice president now owns 192,054 shares in the company, valued at $8,325,540.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joe Berchtold sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $45.43, for a total value of $908,600.00. Following the sale, the chief operating officer now owns 117,918 shares of the company’s stock, valued at approximately $5,357,014.74. The disclosure for this sale can be found here. Insiders have sold 1,106,511 shares of company stock valued at $49,467,752 in the last quarter. 4.77% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. IHT Wealth Management LLC grew its stake in Live Nation Entertainment by 58.5% in the 2nd quarter. IHT Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $280,000 after purchasing an additional 950 shares during the period. Assetmark Inc. bought a new position in Live Nation Entertainment in the 3rd quarter valued at $134,000. Massey Quick Simon & CO. LLC bought a new position in Live Nation Entertainment in the 3rd quarter valued at $167,000. Chevy Chase Trust Holdings Inc. bought a new position in Live Nation Entertainment in the 3rd quarter valued at $209,000. Finally, Trexquant Investment LP bought a new position in Live Nation Entertainment in the 3rd quarter valued at $286,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

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Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Earnings History and Estimates for Live Nation Entertainment (NYSE:LYV)

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