Brokerages expect that Live Nation Entertainment, Inc. (NYSE:LYV) will report earnings of $0.82 per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Live Nation Entertainment’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.80. Live Nation Entertainment posted earnings per share of $0.70 in the same quarter last year, which suggests a positive year-over-year growth rate of 17.1%. The company is scheduled to report its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Live Nation Entertainment will report full year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.23 to $0.42. For the next year, analysts expect that the firm will report earnings of $0.61 per share, with EPS estimates ranging from $0.49 to $0.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Live Nation Entertainment.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Live Nation Entertainment had a return on equity of 4.49% and a net margin of 0.55%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS.

A number of equities research analysts recently issued reports on the stock. Citigroup downgraded shares of Live Nation Entertainment from a “neutral” rating to a “sell” rating and set a $63.00 price target on the stock. in a research note on Friday, June 28th. Guggenheim set a $80.00 price objective on shares of Live Nation Entertainment and gave the company a “buy” rating in a research report on Thursday, August 29th. Zacks Investment Research cut shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Berenberg Bank started coverage on shares of Live Nation Entertainment in a report on Tuesday, May 14th. They issued a “buy” rating and a $73.00 target price on the stock. Finally, Atlantic Securities assumed coverage on shares of Live Nation Entertainment in a research report on Tuesday, June 11th. They set an “overweight” rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Live Nation Entertainment currently has a consensus rating of “Buy” and a consensus price target of $70.00.

In other news, EVP Michael Rowles sold 67,840 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $71.71, for a total transaction of $4,864,806.40. Following the transaction, the executive vice president now owns 257,691 shares of the company’s stock, valued at approximately $18,479,021.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.82% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC boosted its position in shares of Live Nation Entertainment by 3.7% during the first quarter. Clearbridge Investments LLC now owns 3,162,149 shares of the company’s stock valued at $200,923,000 after buying an additional 112,797 shares during the period. Cleararc Capital Inc. purchased a new position in Live Nation Entertainment during the 1st quarter valued at $226,000. State Board of Administration of Florida Retirement System grew its position in Live Nation Entertainment by 2.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 179,985 shares of the company’s stock valued at $11,436,000 after acquiring an additional 3,542 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in Live Nation Entertainment by 3.5% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 122,842 shares of the company’s stock valued at $8,138,000 after acquiring an additional 4,150 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Live Nation Entertainment by 10.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 64,725 shares of the company’s stock valued at $4,288,000 after acquiring an additional 6,245 shares during the last quarter. 69.42% of the stock is currently owned by institutional investors.

Shares of LYV stock traded up $1.62 on Friday, reaching $70.27. The company’s stock had a trading volume of 1,649,022 shares, compared to its average volume of 1,133,836. The stock’s fifty day simple moving average is $70.81 and its 200-day simple moving average is $65.96. Live Nation Entertainment has a 1 year low of $46.02 and a 1 year high of $73.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.73. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of -780.78 and a beta of 1.17.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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

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