Live Nation Entertainment (LYV) was Initiated by JP Morgan to “Overweight”. JP Morgan advised their investors in a research report released on Aug 18, 2016.
On the company’s financial health, Live Nation Entertainment reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.05. The company had revenue of $2179.30 million for the quarter, compared to analysts expectations of $1878.33 million. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
Live Nation Entertainment opened for trading at $26.39 and hit $26.48 on the upside on Wednesday, eventually ending the session at $26.43, with a gain of 0.15% or 0.04 points. The heightened volatility saw the trading volume jump to 7,84,255 shares. Company has a market cap of $5,368 M.
In a different news, on Jun 15, 2016, Robert Ted Iii Enloe (director) sold 5,363 shares at $23.54 per share price. According to the SEC, on Nov 12, 2015, Jeffrey T. Hinson (director) sold 10,000 shares at $26.59 per share price. On Nov 4, 2015, Randall Thomas Mays (director) sold 50,000 shares at $27.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Live Nation Entertainment Inc. (Live Nation) is a live entertainment company. The Company core businesses consist of the promotion of live events including ticketing sponsorship and advertising and artist management. The Company operates through four segments: segments are Concerts Ticketing Artist Nation and Sponsorship & Advertising. It connects around 519 million fans across its platforms in 33 countries. The Company is a producer of live music concerts around the world that connects nearly 59 million fans to almost 23000 events for over 2700 artists. The Concerts segment is involved in the global promotion of live music events. The Ticketing segment is primarily an agency business that sells tickets for events. The Artist Nation segment is a provider of management services to music artists. The Sponsorship & Advertising segment through a sales force creates and maintains relationships with sponsors to allow businesses to reach customers.