Live Nation Entertainment (NYSE:LYV) Posts Quarterly Earnings Results

Live Nation Entertainment (NYSE:LYV) issued its earnings results on Thursday. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49, Zacks reports. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock traded down $1.46 during mid-day trading on Thursday, reaching $152.21. 3,060,569 shares of the company were exchanged, compared to its average volume of 1,897,703. The firm has a market cap of $35.37 billion, a PE ratio of 161.93, a PEG ratio of 1.79 and a beta of 1.38. Live Nation Entertainment has a 12 month low of $86.81 and a 12 month high of $155.10. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The company has a fifty day simple moving average of $138.64 and a 200-day simple moving average of $121.66.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday. Citigroup increased their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Benchmark restated a “buy” rating and set a $160.00 target price on shares of Live Nation Entertainment in a report on Thursday. The Goldman Sachs Group boosted their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Roth Mkm boosted their target price on Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.47.

Live Nation Entertainment Company Profile

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