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NYSE:LYVLive Nation Entertainment Stock Price, Forecast & News

$50.53
-0.13 (-0.26 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$49.97
Now: $50.53
$52.82
50-Day Range
$36.35
MA: $42.35
$51.70
52-Week Range
$21.70
Now: $50.53
$76.60
Volume4.27 million shs
Average Volume4.89 million shs
Market Capitalization$10.88 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.12
Live Nation Entertainment, Inc. operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content. This segment also provides management and other services to artists. The Sponsorship & Advertising segment sells sponsorships and placement of advertising, including signage, online advertising, and promotional programs, as well as live streaming and music-related content; and ads across its distribution network of venues, events, and Websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events for specific brands. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients, as well as ticket resale services; and offers online access for customers relating to ticket and event information through its primary Websites, livenation.com and ticketmaster.com. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. It sells tickets through Websites, mobile apps, ticket outlets, and telephone call centers. As of December 31, 2018, it owned, operated, or leased 120 entertainment venues and 144 other facilities in North America; and 37 entertainment venues and 118 other facilities internationally. The company was formerly known as Live Nation, Inc. and changed its name to Live Nation Entertainment, Inc. in January 2010. Live Nation Entertainment, Inc. was incorporated in 2005 and is headquartered in Beverly Hills, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.86 out of 5 stars


Industry, Sector and Symbol

Industry Amusement & recreation services
Sub-IndustryMovies & Entertainment
SectorConsumer Discretionary
CUSIP53803410
Phone310-867-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.55 billion
Cash Flow$2.61 per share
Book Value$6.85 per share

Profitability

Net Income$69.89 million

Miscellaneous

Employees38,500
Market Cap$10.88 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Live Nation Entertainment (NYSE:LYV) Frequently Asked Questions

How has Live Nation Entertainment's stock been impacted by COVID-19 (Coronavirus)?

Live Nation Entertainment's stock was trading at $42.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LYV stock has increased by 20.3% and is now trading at $50.53. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Live Nation Entertainment?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Live Nation Entertainment in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Live Nation Entertainment.

When is Live Nation Entertainment's next earnings date?

Live Nation Entertainment is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Live Nation Entertainment.

How were Live Nation Entertainment's earnings last quarter?

Live Nation Entertainment, Inc. (NYSE:LYV) announced its earnings results on Thursday, May, 7th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.58) by $0.36. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.42 billion. Live Nation Entertainment had a negative return on equity of 7.21% and a negative net margin of 0.91%. The company's revenue was down 21.0% on a year-over-year basis. During the same period last year, the business posted ($0.31) EPS. View Live Nation Entertainment's earnings history.

What price target have analysts set for LYV?

11 analysts have issued twelve-month price objectives for Live Nation Entertainment's shares. Their forecasts range from $35.00 to $84.00. On average, they anticipate Live Nation Entertainment's stock price to reach $63.50 in the next year. This suggests a possible upside of 25.7% from the stock's current price. View analysts' price targets for Live Nation Entertainment.

Has Live Nation Entertainment been receiving favorable news coverage?

News stories about LYV stock have trended somewhat negative on Wednesday, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Live Nation Entertainment earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutLive Nation Entertainment.

Are investors shorting Live Nation Entertainment?

Live Nation Entertainment saw a decline in short interest in May. As of May 15th, there was short interest totaling 18,320,000 shares, a decline of 10.4% from the April 30th total of 20,440,000 shares. Based on an average daily trading volume, of 6,350,000 shares, the short-interest ratio is currently 2.9 days. Approximately 11.7% of the company's shares are sold short. View Live Nation Entertainment's Current Options Chain.

Who are some of Live Nation Entertainment's key competitors?

What other stocks do shareholders of Live Nation Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Live Nation Entertainment investors own include Walt Disney (DIS), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Roku (ROKU), Activision Blizzard (ATVI), AT&T (T), Paypal (PYPL), Starbucks (SBUX) and Boeing (BA).

Who are Live Nation Entertainment's key executives?

Live Nation Entertainment's management team includes the following people:
  • Mr. Michael Rapino, Pres, CEO & Director (Age 53)
  • Mr. Joe Berchtold, Pres (Age 54)
  • Ms. Elizabeth Kathleen Willard, Chief Financial Officer (Age 52)
  • Mr. Brian Capo, Chief Accounting Officer & Sr. VP (Age 52)
  • Mr. Michael G. Rowles, Exec. VP, Gen. Counsel & Sec. (Age 53)

What is Live Nation Entertainment's stock symbol?

Live Nation Entertainment trades on the New York Stock Exchange (NYSE) under the ticker symbol "LYV."

Who are Live Nation Entertainment's major shareholders?

Live Nation Entertainment's stock is owned by many different institutional and retail investors. Top institutional investors include Canada Pension Plan Investment Board (4.98%), Public Investment Fund (4.25%), Akre Capital Management LLC (2.55%), William Blair Investment Management LLC (2.25%), Principal Financial Group Inc. (1.89%) and Lone Pine Capital LLC (1.42%). Company insiders that own Live Nation Entertainment stock include Ariel Emanuel, Elizabeth Kathleen Willard, James S Kahan, Joe Berchtold, Mark S Shapiro, Michael Rapino, Michael Rowles and Robert Ted Enloe III. View institutional ownership trends for Live Nation Entertainment.

Which institutional investors are selling Live Nation Entertainment stock?

LYV stock was sold by a variety of institutional investors in the last quarter, including Eaton Vance Management, Pictet Asset Management Ltd., Victory Capital Management Inc., Victory Capital Management Inc., Fiera Capital Corp, Fred Alger Management LLC, Boston Financial Mangement LLC, and Russell Investments Group Ltd.. Company insiders that have sold Live Nation Entertainment company stock in the last year include Ariel Emanuel, Michael Rowles, and Robert Ted Enloe III. View insider buying and selling activity for Live Nation Entertainment.

Which institutional investors are buying Live Nation Entertainment stock?

LYV stock was acquired by a variety of institutional investors in the last quarter, including Public Investment Fund, Akre Capital Management LLC, Lone Pine Capital LLC, Wellington Management Group LLP, Eminence Capital LP, William Blair Investment Management LLC, Two Sigma Advisers LP, and Capital World Investors. Company insiders that have bought Live Nation Entertainment stock in the last two years include James S Kahan, Michael Rapino, and Michael Rowles. View insider buying and selling activity for Live Nation Entertainment.

How do I buy shares of Live Nation Entertainment?

Shares of LYV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Live Nation Entertainment's stock price today?

One share of LYV stock can currently be purchased for approximately $50.53.

How big of a company is Live Nation Entertainment?

Live Nation Entertainment has a market capitalization of $10.88 billion and generates $11.55 billion in revenue each year. The company earns $69.89 million in net income (profit) each year or ($0.02) on an earnings per share basis. Live Nation Entertainment employs 38,500 workers across the globe.

What is Live Nation Entertainment's official website?

The official website for Live Nation Entertainment is www.livenationentertainment.com.

How can I contact Live Nation Entertainment?

Live Nation Entertainment's mailing address is 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA, 90210. The company can be reached via phone at 310-867-7000 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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