Live Nation Entertainment (NYSE:LYV) is set to post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Live Nation Entertainment to post earnings of ($0.49) per share for the quarter.
Live Nation Entertainment (NYSE LYV) opened at $44.16 on Wednesday. The stock has a market cap of $9,130.00, a price-to-earnings ratio of 2,211.11 and a beta of 1.01. Live Nation Entertainment has a 12 month low of $28.00 and a 12 month high of $46.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11.
In related news, COO Joe Berchtold sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $43.08, for a total transaction of $861,600.00. Following the transaction, the chief operating officer now directly owns 97,918 shares of the company’s stock, valued at $4,218,307.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Rapino sold 210,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $43.21, for a total transaction of $9,074,100.00. Following the transaction, the chief executive officer now directly owns 115,277 shares in the company, valued at $4,981,119.17. The disclosure for this sale can be found here. Insiders have sold 810,000 shares of company stock worth $36,160,500 over the last three months. 4.77% of the stock is owned by insiders.
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.
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