Lions Gate Entertainment Corp. (LGF) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS
Lions Gate Entertainment Corp. (NYSE:LGF) announced its earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.13, StockRatingsNetwork.com reports. The company had revenue of $449.40 million for the quarter, compared to the consensus estimate of $488.61 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 21.1% on a year-over-year basis.
A number of analysts have recently weighed in on LGF shares. Analysts at FBR Capital Markets initiated coverage on shares of Lions Gate Entertainment Corp. in a research note on Monday, July 28th. They set an “outperform” rating and a $40.00 price target on the stock. On the ratings front, analysts at B. Riley raised their price target on shares of Lions Gate Entertainment Corp. to $40.00 in a research note on Monday, July 21st. Finally, analysts at Barrington Research reiterated an “outperform” rating on shares of Lions Gate Entertainment Corp. in a research note on Monday, June 9th. Nine research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $36.17.
Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded down 1.65% during mid-day trading on Thursday, hitting $30.35. 1,501,530 shares of the company’s stock traded hands. Lions Gate Entertainment Corp. has a 52 week low of $24.54 and a 52 week high of $37.81. The stock’s 50-day moving average is $29.81 and its 200-day moving average is $28.95. The company has a market cap of $4.290 billion and a price-to-earnings ratio of 29.67.
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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