Live Nation Entertainment (NYSE:LYV – Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Live Nation Entertainment (NYSE:LYV – Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.09). Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. On average, analysts expect Live Nation Entertainment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Live Nation Entertainment Stock Down 0.5 %
NYSE:LYV opened at $89.65 on Thursday. The firm’s 50 day simple moving average is $99.05 and its 200 day simple moving average is $91.53. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96. Live Nation Entertainment has a one year low of $64.96 and a one year high of $107.24. The company has a market cap of $20.69 billion, a PE ratio of 67.41 and a beta of 1.30.
Insider Transactions at Live Nation Entertainment
Analyst Ratings Changes
LYV has been the topic of several recent research reports. Roth Capital upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Oppenheimer boosted their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Rosenblatt Securities dropped their price target on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. TD Cowen restated a “buy” rating and issued a $108.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.30.
Read Our Latest Stock Report on LYV
Live Nation Entertainment Company Profile
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.
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