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After finishing at $95.10 in the prior trading day, Live Nation Entertainment Inc (NYSE: LYV) closed at $95.07, down -0.03%. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 1.06 million shares were traded. LYV stock price reached its highest trading level at $95.515 during the session, while it also had its lowest trading level at $93.65.
Ratios:
Our goal is to gain a better understanding of LYV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.20. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92.
On May 09, 2024, Redburn Atlantic Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $114 to $115.
On April 30, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $120.Deutsche Bank initiated its Buy rating on April 30, 2024, with a $120 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 ’24 when HINSON JEFFREY T. sold 1,001 shares for $100.50 per share. The transaction valued at 100,600 led to the insider holds 59,374 shares of the business.
Fu Ping sold 1,500 shares of LYV for $140,505 on Feb 27 ’24. The Director now owns 14,714 shares after completing the transaction at $93.67 per share. On Dec 15 ’23, another insider, Berchtold Joe, who serves as the President & CFO of the company, sold 119,100 shares for $92.91 each. As a result, the insider received 11,065,778 and left with 442,107 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LYV now has a Market Capitalization of 22003286016 and an Enterprise Value of 24928823296. As of this moment, Live’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.68, and their Forward P/E ratio for the next fiscal year is 38.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93. Its current Enterprise Value per Revenue stands at 1.064 whereas that against EBITDA is 15.27.
Stock Price History:
Over the past 52 weeks, LYV has reached a high of $107.24, while it has fallen to a 52-week low of $76.48. The 50-Day Moving Average of the stock is 0.85%, while the 200-Day Moving Average is calculated to be 3.33%.
Shares Statistics:
The stock has traded on average 2.16M shares per day over the past 3-months and 1734850 shares per day over the last 10 days, according to various share statistics. A total of 233.30M shares are outstanding, with a floating share count of 153.28M. Insiders hold about 33.28% of the company’s shares, while institutions hold 75.13% stake in the company. Shares short for LYV as of 1719532800 were 12566944 with a Short Ratio of 5.82, compared to 1717113600 on 12272832. Therefore, it implies a Short% of Shares Outstanding of 12566944 and a Short% of Float of 7.9799999999999995.
Earnings Estimates
The stock of Live Nation Entertainment Inc (LYV) is currently drawing attention from 16.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $1.07 for the current quarter, with a high estimate of $1.42 and a low estimate of $0.78, while EPS last year was $1.02. The consensus estimate for the next quarter is $1.93, with high estimates of $2.3 and low estimates of $1.53.
Analysts are recommending an EPS of between $1.9 and $0.71 for the fiscal current year, implying an average EPS of $1.44. EPS for the following year is $2.43, with 19.0 analysts recommending between $3.39 and $1.39.
Revenue Estimates
17 analysts predict $6.03B in revenue for the current quarter. It ranges from a high estimate of $6.19B to a low estimate of $5.65B. As of the current estimate, Live Nation Entertainment Inc’s year-ago sales were $4.95BFor the next quarter, 17 analysts are estimating revenue of $8.61B. There is a high estimate of $8.97B for the next quarter, whereas the lowest estimate is $8.15B.
A total of 20 analysts have provided revenue estimates for LYV’s current fiscal year. The highest revenue estimate was $25.2B, while the lowest revenue estimate was $23.61B, resulting in an average revenue estimate of $24.68B. In the same quarter a year ago, actual revenue was $22.75BBased on 20 analysts’ estimates, the company’s revenue will be $27B in the next fiscal year. The high estimate is $28.11B and the low estimate is $25.86B.
