Dreamworks Animation Skg Hits New 12-Month Low After Analyst Downgrade (DWA)
Dreamworks Animation Skg (NYSE:DWA)’s share price reached a new 52-week low on Tuesday after Topeka Capital Markets lowered their price target on the stock from $25.00 to $23.00, American Banking & Market News reports. Topeka Capital Markets currently has a hold rating on the stock. Dreamworks Animation Skg traded as low as $22.76 and last traded at $22.76, with a volume of 1,279,812 shares trading hands. The stock had previously closed at $23.45.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dreamworks Animation Skg in a research note on Thursday, May 8th. They now have a $25.00 price target on the stock. Separately, analysts at Bank of America downgraded shares of Dreamworks Animation Skg from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $22.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Dreamworks Animation Skg from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 6th. They now have a $26.00 price target on the stock, down previously from $28.00. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.14.
The stock’s 50-day moving average is $26.08 and its 200-day moving average is $29.69. The company has a market cap of $1.914 billion and a price-to-earnings ratio of 312.67.
Dreamworks Animation Skg (NYSE:DWA) last released its earnings data on Tuesday, April 29th. The company reported ($0.51) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.10) by $0.41. The company had revenue of $147.20 million for the quarter, compared to the consensus estimate of $133.95 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Dreamworks Animation Skg will post $0.26 earnings per share for the current fiscal year.
DreamWorks Animation SKG, Inc (NYSE:DWA) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets.
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