Live Nation Entertainment (NYSE:LYV) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.49) per share for the quarter.
Shares of Live Nation Entertainment (LYV) opened at $46.95 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a market cap of $9,710.00, a price-to-earnings ratio of 2,347.50 and a beta of 1.01. Live Nation Entertainment has a 12-month low of $28.00 and a 12-month high of $47.25.
In related news, CEO Michael Rapino sold 70,000 shares of Live Nation Entertainment stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $42.87, for a total transaction of $3,000,900.00. Following the completion of the transaction, the chief executive officer now directly owns 115,277 shares of the company’s stock, valued at approximately $4,941,924.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $46.55, for a total transaction of $931,000.00. Following the transaction, the chief operating officer now directly owns 77,918 shares of the company’s stock, valued at $3,627,082.90. The disclosure for this sale can be found here. Insiders have sold a total of 600,000 shares of company stock valued at $26,681,100 over the last ninety days. 4.77% of the stock is owned by insiders.
LYV has been the subject of a number of analyst reports. Macquarie reaffirmed a “buy” rating and set a $48.00 price objective on shares of Live Nation Entertainment in a report on Sunday, November 5th. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, October 24th. Citigroup downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Saturday, December 30th. Finally, Jefferies Group raised their price objective on shares of Live Nation Entertainment from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Live Nation Entertainment currently has an average rating of “Buy” and an average target price of $44.57.
TRADEMARK VIOLATION WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/19/live-nation-entertainment-lyv-scheduled-to-post-quarterly-earnings-on-wednesday.html.
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.
Receive News & Ratings for Live Nation Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.