Live Nation Entertainment, Inc. (NYSE:LYV) – Investment analysts at William Blair cut their FY2018 earnings per share estimates for shares of Live Nation Entertainment in a research note issued on Friday. William Blair analyst R. Sundby now anticipates that the company will post earnings of $0.48 per share for the year, down from their prior estimate of $0.54. William Blair currently has a “Outperform” rating on the stock.

A number of other brokerages have also recently commented on LYV. Macquarie reissued a “buy” rating and issued a $48.00 price objective on shares of Live Nation Entertainment in a research note on Sunday. J P Morgan Chase & Co reissued a “buy” rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. 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 research note on Tuesday, October 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, September 12th. Finally, BidaskClub raised shares of Live Nation Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $42.86.

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Live Nation Entertainment (LYV) traded up $0.66 during mid-day trading on Monday, reaching $44.48. The company’s stock had a trading volume of 2,700,656 shares, compared to its average volume of 1,740,000. Live Nation Entertainment has a fifty-two week low of $26.41 and a fifty-two week high of $45.70. The firm has a market cap of $9,380.00, a P/E ratio of 2,191.00 and a beta of 1.06. 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 (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 analysts’ consensus estimates of $0.55 by ($0.02). The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. Live Nation Entertainment’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS.

In related news, insider Brian Capo sold 7,500 shares of Live Nation Entertainment stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $40.50, for a total transaction 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 approximately $540,837. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ariel Emanuel sold 10,000 shares of Live Nation Entertainment stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $41.56, for a total transaction of $415,600.00. Following the sale, the director now owns 85,737 shares of the company’s stock, valued at approximately $3,563,229.72. The disclosure for this sale can be found here. 4.77% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in LYV. Canada Pension Plan Investment Board lifted its holdings in Live Nation Entertainment by 8,038.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 5,786,500 shares of the company’s stock valued at $252,002,000 after buying an additional 5,715,400 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Live Nation Entertainment during the 2nd quarter valued at about $109,693,000. Acadian Asset Management LLC lifted its holdings in Live Nation Entertainment by 818.0% during the 2nd quarter. Acadian Asset Management LLC now owns 1,086,576 shares of the company’s stock valued at $37,868,000 after buying an additional 968,217 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Live Nation Entertainment by 80.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,512 shares of the company’s stock valued at $52,851,000 after buying an additional 678,283 shares in the last quarter. Finally, Scout Investments Inc. bought a new stake in Live Nation Entertainment during the 3rd quarter valued at about $24,217,000. Institutional investors own 68.39% 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.

Earnings History and Estimates for Live Nation Entertainment (NYSE:LYV)

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