Live Nation Entertainment, Inc. (NYSE:LYV) – Research analysts at Northcoast Research upped their Q3 2017 EPS estimates for shares of Live Nation Entertainment in a report released on Wednesday. Northcoast Research analyst J. Healy now forecasts that the company will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.52.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.37 billion. Live Nation Entertainment had a net margin of 0.25% and a return on equity of 1.60%. Live Nation Entertainment’s revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS.

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Several other equities research analysts have also recently weighed in on the stock. J P Morgan Chase & Co restated a “buy” rating on shares of Live Nation Entertainment in a research report on Wednesday. Zacks Investment Research cut shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group LLC restated a “buy” rating and issued a $42.00 price objective on shares of Live Nation Entertainment in a research report on Monday, October 16th. Stephens restated an “overweight” rating and issued a $44.00 price objective (up previously from $36.00) on shares of Live Nation Entertainment in a research report on Thursday, August 10th. Finally, William Blair assumed coverage on shares of Live Nation Entertainment in a research report on Friday, July 21st. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.86.

Live Nation Entertainment (NYSE LYV) opened at 43.20 on Friday. The firm’s 50-day moving average is $42.25 and its 200-day moving average is $36.90. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 6171.43 and a beta of 1.03. Live Nation Entertainment has a 1-year low of $26.41 and a 1-year high of $43.85.

In other news, insider Brian Capo sold 7,500 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the transaction, the insider now owns 13,354 shares of the company’s stock, valued at approximately $540,837. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ariel Emanuel sold 10,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 85,737 shares in the company, valued at approximately $3,563,229.72. The disclosure for this sale can be found here. Company insiders own 4.77% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in shares of Live Nation Entertainment by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,667 shares of the company’s stock valued at $372,000 after purchasing an additional 52 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Live Nation Entertainment by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock valued at $273,000 after purchasing an additional 63 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Live Nation Entertainment by 0.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,493 shares of the company’s stock valued at $679,000 after purchasing an additional 177 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Live Nation Entertainment by 2.0% in the 2nd quarter. Capstone Asset Management Co. now owns 12,828 shares of the company’s stock valued at $447,000 after purchasing an additional 250 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Live Nation Entertainment by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,699 shares of the company’s stock valued at $446,000 after purchasing an additional 346 shares during the last quarter. 65.65% of the stock is currently owned by institutional investors.

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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