During the recent session, Live Nation Entertainment Inc (NYSE:LYV)’s traded shares were 1.13 million, with the beta value of the company hitting 1.45. At the last check today, the stock’s price was $150.09, reflecting an intraday gain of 1.23% or $1.83. The 52-week high for the LYV share is $157.75, that puts it down -5.1 from that peak though still a striking 41.81% gain since the share price plummeted to a 52-week low of $87.33. The company’s market capitalization is $34.79B, and the average intraday trading volume over the past 10 days was 2.91 million shares, and the average trade volume was 2.76 million shares over the past three months.
Live Nation Entertainment Inc (LYV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.56. LYV has a Sell rating from 0 analyst(s) out of 16 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 16 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.02.
Live Nation Entertainment Inc (NYSE:LYV) trade information
Live Nation Entertainment Inc (LYV) registered a 1.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.23% in intraday trading to $150.09, hitting a weekly high. The stock’s 5-day price performance is 6.21%, and it has moved by 2.60% in 30 days. Based on these gigs, the overall price performance for the year is 65.97%. The short interest in Live Nation Entertainment Inc (NYSE:LYV) is 16.86 million shares and it means that shorts have 6.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $165, which implies an increase of 9.04% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $165 and $165 respectively. As a result, LYV is trading at a discount of -9.93% off the target high and -9.93% off the low.
Live Nation Entertainment Inc (LYV) estimates and forecasts
In the rating firms’ projections, revenue will increase 12.01% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.93B as predicted by 18 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to 9.31B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 6.02B and 7.65B respectively. In this case, analysts expect current quarter sales to grow by 15.02% and then jump by 21.67% in the coming quarter.
While earnings are projected to return -22.95% in 2025, the next five years will return 15.03% per annum.
LYV Dividends
Live Nation Entertainment Inc is due to release its next quarterly earnings on 2025-May-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Live Nation Entertainment Inc (NYSE:LYV)’s Major holders
Live Nation Entertainment Inc insiders own 32.66% of total outstanding shares while institutional holders control 79.97%, with the float percentage being 118.75%. VANGUARD GROUP INC is the largest shareholder of the company, while 1056.0 institutions own stock in it. As of 2024-06-30, the company held over 18.46 million shares (or 8.029% of all shares), a total value of $1.73 billion in shares.
The next largest institutional holding, with 13.59 million shares, is of BLACKROCK INC.’s that is approximately 5.9105% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.27 billion.
