Live Nation Entertainment, Inc. (NYSE:LYV) – Stock analysts at Jefferies Group boosted their Q1 2018 earnings estimates for shares of Live Nation Entertainment in a research note issued on Wednesday, April 4th. Jefferies Group analyst J. Janedis now anticipates that the company will earn ($0.28) per share for the quarter, up from their prior forecast of ($0.29). Jefferies Group also issued estimates for Live Nation Entertainment’s Q4 2018 earnings at ($0.72) EPS and FY2018 earnings at $0.19 EPS.
LYV has been the topic of a number of other reports. Citigroup downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research note on Friday, December 22nd. Zacks Investment Research downgraded shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Guggenheim reaffirmed a “buy” rating and set a $53.00 target price on shares of Live Nation Entertainment in a research note on Thursday, March 1st. ValuEngine raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Macquarie reaffirmed a “buy” rating and set a $55.00 target price on shares of Live Nation Entertainment in a research note on Thursday, March 1st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.14.
Live Nation Entertainment stock opened at $37.75 on Friday. The company has a market capitalization of $8,112.34, a PE ratio of -78.65 and a beta of 0.97. Live Nation Entertainment has a 1 year low of $30.50 and a 1 year high of $49.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.38.
Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($1.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.04). The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Live Nation Entertainment had a negative net margin of 0.24% and a negative return on equity of 1.71%.
A number of institutional investors and hedge funds have recently made changes to their positions in LYV. IFP Advisors Inc increased its stake in Live Nation Entertainment by 85.4% during the 4th quarter. IFP Advisors Inc now owns 3,088 shares of the company’s stock worth $131,000 after buying an additional 1,422 shares during the period. US Bancorp DE increased its stake in Live Nation Entertainment by 379.4% during the 4th quarter. US Bancorp DE now owns 3,869 shares of the company’s stock worth $165,000 after buying an additional 3,062 shares during the period. Global X Management Co. LLC increased its stake in Live Nation Entertainment by 45.5% during the 4th quarter. Global X Management Co. LLC now owns 4,239 shares of the company’s stock worth $180,000 after buying an additional 1,325 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $209,000. Finally, Santa Monica Partners LP purchased a new stake in Live Nation Entertainment during the 4th quarter worth approximately $230,000. 69.08% of the stock is currently owned by hedge funds and other institutional investors.
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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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