Event

Research Analysts Forecast FY2025 Earnings for Live Nation Entertainment

Published January 17, 2025

On January 17th, 2025, it was reported that analysts at Zacks Research have revised their earnings outlook for Live Nation Entertainment, Inc. (NYSE:LYV) for the fiscal year 2025. In a recent update provided to investors, Zacks Research analyst R. Department raised their estimate of earnings per share (EPS) for the company from $2.23 to $2.41. This marks a significant increase compared to the current consensus estimate of $1.02 per share for the full year.

Live Nation Entertainment recently reported earnings results for a quarter ending on November 11th. The company announced an EPS of $1.66, which surpassed analysts' expectations of $1.58 by $0.08. Additionally, the company recorded a net margin of 2.11% and an impressive return on equity of 77.62%. For that specific quarter, Live Nation generated revenues of $7.65 billion, slightly below the anticipated $7.75 billion. In the same quarter from the previous year, the company had posted an EPS of $1.78, showing a year-over-year decline in revenue of 6.2%.

Other research firms have also weighed in on Live Nation Entertainment. Macquarie increased their price target for the stock from $130.00 to $146.00 while maintaining an “outperform” rating. Meanwhile, Goldman Sachs raised its target price from $132.00 to $148.00 and added a “buy” rating to their report. Benchmark also issued an upgraded target from $144.00 to $160.00, rating the company as a “buy.” Additionally, Deutsche Bank raised their price objective from $130.00 to $150.00 with a “buy” rating, and TD Cowen increased their target from $108.00 to $145.00, also supporting a “buy” designation. Currently, two analysts have issued a hold rating, while fifteen analysts have given Live Nation a buy rating. Data from MarketBeat.com reveals that the stock has an average rating of “Moderate Buy” with an average price target of $145.40.

Live Nation Entertainment Stock Overview

As of Wednesday, shares of LYV opened at $133.52. Over the past year, Live Nation Entertainment’s stock has reached a low of $86.67 and a high of $141.18. The company boasts a debt-to-equity ratio of 6.10, a quick ratio and current ratio of both 1.01, and a market capitalization of $31.02 billion. The price-to-earnings ratio stands at 142.04, while the PEG ratio is noted at 1.50, with a beta value of 1.38. The stock’s 50-day moving average is $133.08, and its two-hundred day moving average is $112.89.

Institutional Investment in Live Nation

Recent changes in ownership have been seen among institutional investors and hedge funds regarding Live Nation Entertainment. Select Equity Group L.P. raised its stake by 12.3% during the second quarter, owning 12,940,613 shares valued at approximately $1.21 billion after purchasing an additional 1,415,173 shares. Canada Pension Plan Investment Board also boosted its position by 1.8%, making their total 8,722,620 shares worth around $817.7 million after acquiring an additional 155,920 shares. Principal Financial Group Inc. increased its stake by 1.2%, now holding 7,196,551 shares, valued at $787.95 million after adding 87,032 shares. Geode Capital Management LLC noted a 9.4% increase in their shares, now standing at 3,763,557 valued at $410.66 million after purchasing 321,832 additional shares. Furthermore, D1 Capital Partners L.P. augmented its stake by 44.6%, now possessing 3,543,532 shares valued at $332.17 million. Collectively, institutional investors and hedge funds own roughly 74.52% of Live Nation Entertainment's stock.

About Live Nation Entertainment

Live Nation Entertainment, Inc. operates as a global leader in live entertainment, offering services through its Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts division promotes live events in its venues and those of third parties, producing music festivals and providing management services for artists.

Live, Nation, Earnings