Live Nation Entertainment (LYV) Earns Coverage Optimism Rating of 0.25
Media coverage about Live Nation Entertainment (NYSE:LYV) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Live Nation Entertainment earned a news impact score of 0.25 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.826408406841 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- Live Nation Entertainment, Inc. (LYV) Director Sells $415,600.00 in Stock (americanbankingnews.com)
- Niall Horan’s Debut Solo Album, Flicker, Set For Release On October 20 On Capitol Records (finance.yahoo.com)
- Brian Capo Sells 7,500 Shares of Live Nation Entertainment, Inc. (LYV) Stock (americanbankingnews.com)
- Analysts Expect Live Nation Entertainment, Inc. (LYV) Will Announce Earnings of $0.58 Per Share (americanbankingnews.com)
Live Nation Entertainment (LYV) traded up 0.19% during trading on Monday, reaching $42.17. The company’s stock had a trading volume of 1,279,565 shares. Live Nation Entertainment has a 12-month low of $26.12 and a 12-month high of $42.56. The company has a market capitalization of $8.65 billion, a P/E ratio of 6024.29 and a beta of 1.01. The firm’s 50-day moving average price is $39.39 and its 200 day moving average price is $34.64.
Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.37 billion. Live Nation Entertainment had a return on equity of 1.60% and a net margin of 0.25%. Live Nation Entertainment’s revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts predict that Live Nation Entertainment will post $0.22 earnings per share for the current fiscal year.
A number of equities analysts recently commented on LYV shares. Jefferies Group LLC restated a “buy” rating and set a $36.00 target price on shares of Live Nation Entertainment in a report on Monday, June 5th. ValuEngine upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Guggenheim started coverage on Live Nation Entertainment in a report on Wednesday, May 24th. They issued a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research downgraded Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, William Blair started coverage on Live Nation Entertainment in a report on Friday, July 21st. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $39.71.
In other news, Director Ariel Emanuel sold 10,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $41.56, for a total value of $415,600.00. Following the completion of the transaction, the director now directly owns 85,737 shares of the company’s stock, valued at approximately $3,563,229.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian Capo sold 7,500 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the insider now directly owns 13,354 shares of the company’s stock, valued at $540,837. The disclosure for this sale can be found here. Insiders own 4.77% of the company’s stock.
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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