Lions Gate Entertainment Corp. Receives Average Rating of “Buy” from Analysts (NYSE:LGF)
Lions Gate Entertainment Corp. (NYSE:LGF) has received a consensus rating of “Buy” from the eleven ratings firms that are currently covering the company, Analyst Ratings Net reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $35.50.
A number of analysts have recently weighed in on LGF shares. Analysts at B. Riley raised their price target on shares of Lions Gate Entertainment Corp. to $40.00 in a research note on Monday. Separately, analysts at Barrington Research reiterated an “outperform” rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, June 9th. Finally, analysts at Wunderlich cut their price target on shares of Lions Gate Entertainment Corp. from $43.00 to $37.00 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock.
Lions Gate Entertainment Corp. (NYSE:LGF) traded down 1.00% during mid-day trading on Monday, hitting $31.74. 317,227 shares of the company’s stock traded hands. Lions Gate Entertainment Corp. has a 1-year low of $24.54 and a 1-year high of $37.81. The stock’s 50-day moving average is $28.09 and its 200-day moving average is $28.84. The company has a market cap of $4.486 billion and a P/E ratio of 30.83.
Lions Gate Entertainment Corp. (NYSE:LGF) last announced its earnings results on Thursday, May 29th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.02. The company had revenue of $721.90 million for the quarter, compared to the consensus estimate of $843.36 million. During the same quarter last year, the company posted $0.66 earnings per share. Lions Gate Entertainment Corp.’s revenue was down 8.1% compared to the same quarter last year. On average, analysts predict that Lions Gate Entertainment Corp. will post $1.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 8th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, June 26th.
Lions Gate Entertainment Corp. (NYSE:LGF) is a global entertainment company with a diversified 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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