Lions Gate Entertainment Corp. (LGF) Announces Quarterly Earnings Results, Beats Estimates By $0.19 EPS
Lions Gate Entertainment Corp. (NYSE:LGF) posted its quarterly earnings results on Thursday. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.19, Analyst Ratings Network reports. The company had revenue of $839.90 million for the quarter, compared to the consensus estimate of $836.28 million.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets initiated coverage on shares of Lions Gate Entertainment Corp. in a research note to investors on Tuesday. They set a “buy” rating and a $30.53 price target on the stock. On a related note, analysts at Barrington Research reiterated an “outperform” rating on shares of Lions Gate Entertainment Corp. in a research note to investors on Monday, December 30th. They now have a $41.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Lions Gate Entertainment Corp. in a research note to investors on Wednesday, November 13th. They now have a $34.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.73.
Lions Gate Entertainment Corp. (NYSE:LGF) traded up 3.42% during mid-day trading on Thursday, hitting $31.73. 2,160,639 shares of the company’s stock traded hands. Lions Gate Entertainment Corp. has a one year low of $18.75 and a one year high of $37.81. The stock’s 50-day moving average is $30.83 and its 200-day moving average is $33.19. The company has a market cap of $4.376 billion and a P/E ratio of 20.93.
Lions Gate Entertainment Corp. (NYSE:LGF), is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales.
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