Financial Snapshot: Analyzing Live Nation Entertainment Inc (LYV)’s Key Ratio Metrics

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The closing price of Live Nation Entertainment Inc (NYSE: LYV) was $97.02 for the day, down -0.01% from the previous closing price of $97.03. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 1.66 million shares were traded. LYV stock price reached its highest trading level at $97.12 during the session, while it also had its lowest trading level at $94.81.

Ratios:

Our analysis of LYV’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.02. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Redburn Atlantic on May 09, 2024, Upgraded its rating to Buy and sets its target price to $115 from $114 previously.

On April 30, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $120.

ROTH MKM Upgraded its Neutral to Buy on January 12, 2024, whereas the target price for the stock was revised from $92 to $114.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 22454599680 and an Enterprise Value of 25376823296. As of this moment, Live’s Price-to-Earnings (P/E) ratio for their current fiscal year is 93.56, and their Forward P/E ratio for the next fiscal year is 38.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96. Its current Enterprise Value per Revenue stands at 1.083 whereas that against EBITDA is 15.545.

Stock Price History:

The Beta on a monthly basis for LYV is 1.36, which has changed by 0.2068665 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. 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 -1.58%, while the 200-Day Moving Average is calculated to be 8.13%.

Shares Statistics:

LYV traded an average of 2.42M shares per day over the past three months and 2390570 shares per day over the past ten days. A total of 233.30M shares are outstanding, with a floating share count of 144.03M. Insiders hold about 37.77% of the company’s shares, while institutions hold 70.49% stake in the company. Shares short for LYV as of 1714435200 were 11809954 with a Short Ratio of 4.87, compared to 1711584000 on 13770631. Therefore, it implies a Short% of Shares Outstanding of 11809954 and a Short% of Float of 7.5.

Earnings Estimates

A comprehensive evaluation of Live Nation Entertainment Inc (LYV) is underway, with the input of 16.0 analysts contributing to its current rating.On average, analysts expect EPS of $1.11 for the current quarter, with a high estimate of $1.42 and a low estimate of $0.84, while EPS last year was $1.02. The consensus estimate for the next quarter is $1.99, with high estimates of $2.48 and low estimates of $1.54.

Analysts are recommending an EPS of between $2.28 and $0.71 for the fiscal current year, implying an average EPS of $1.49. EPS for the following year is $2.49, with 18.0 analysts recommending between $3.88 and $1.41.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 17 analysts. It ranges from a high estimate of $6.56B to a low estimate of $5.87B. 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 $8.71B. There is a high estimate of $9.1B for the next quarter, whereas the lowest estimate is $8.17B.

A total of 19 analysts have provided revenue estimates for LYV’s current fiscal year. The highest revenue estimate was $25.75B, while the lowest revenue estimate was $24.29B, resulting in an average revenue estimate of $24.87B. In the same quarter a year ago, actual revenue was $22.75BBased on 19 analysts’ estimates, the company’s revenue will be $27.17B in the next fiscal year. The high estimate is $28.59B and the low estimate is $26.2B.

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