Media coverage about Live Nation Entertainment (NYSE:LYV) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Live Nation Entertainment earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5415975746616 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
Live Nation Entertainment (NYSE:LYV) traded up $0.67 during trading on Friday, hitting $44.43. The company had a trading volume of 617,042 shares, compared to its average volume of 1,690,000. 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 fifty-two week low of $27.00 and a fifty-two week high of $46.99. The company has a market capitalization of $9,190.00, a PE ratio of 2,222.61 and a beta of 1.06.
Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. equities analysts predict that Live Nation Entertainment will post 0.14 EPS for the current fiscal year.
A number of research analysts recently issued reports on the company. Macquarie reaffirmed a “buy” rating and issued a $48.00 price target on shares of Live Nation Entertainment in a report on Sunday, November 5th. Zacks Investment Research cut Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Thursday. Citigroup cut Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a report on Friday, December 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $42.00 price target on shares of Live Nation Entertainment in a report on Monday, October 16th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Live Nation Entertainment in a 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 issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.00.
In other Live Nation Entertainment news, CEO Michael Rapino sold 70,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $45.46, for a total transaction of $3,182,200.00. Following the completion of the sale, the chief executive officer now directly owns 395,277 shares of the company’s stock, valued at approximately $17,969,292.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joe Berchtold sold 20,000 shares of the business’s stock in a transaction dated 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 directly owns 117,918 shares of the company’s stock, valued at $5,357,014.74. The disclosure for this sale can be found here. Insiders have sold a total of 1,106,511 shares of company stock valued at $49,467,752 over the last three months. Company insiders own 4.77% 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.
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