Dreamworks Animation Skg Rating Reiterated by Zacks (DWA)
Dreamworks Animation Skg (NYSE:DWA)‘s stock had its “neutral” rating restated by Zacks in a report issued on Thursday. They currently have a $21.00 target price on the stock. Zacks‘s price objective suggests a potential upside of 5.00% from the stock’s previous close.
Zacks’ analyst wrote, “DreamWorks reported second-quarter 2014 financial results wherein both its top and bottom line missed the Zacks Consensus Estimate. The company is gradually diversifying its Feature film segment to mitigate volatility plaguing the film business. Separately, management has decided to invest in key growth areas in order to expand the company’s operations into TV, consumer product, digital content and location-based entertainment. DreamWorks believes that exploring all options is the best way to optimally monetize its large portfolio of intellectual property rights. However, the company needs to continuously come up with box-office hits in order to sustain growth. We believe that DreamWorks is fairly valued at this stage. Thus, we maintain our Neutral recommendation on the stock.”
DWA has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Dreamworks Animation Skg in a research note on Thursday, July 31st. They now have a $29.00 price target on the stock, down previously from $32.00. Separately, analysts at FBR Capital Markets initiated coverage on shares of Dreamworks Animation Skg in a research note on Monday, July 28th. They set a “market perform” rating and a $24.00 price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Dreamworks Animation Skg to $24.00 in a research note on Monday, July 28th. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Dreamworks Animation Skg presently has a consensus rating of “Hold” and a consensus price target of $23.56.
Shares of Dreamworks Animation Skg (NYSE:DWA) traded up 1.53% on Thursday, hitting $20.305. The stock had a trading volume of 398,717 shares. Dreamworks Animation Skg has a 1-year low of $19.20 and a 1-year high of $36.01. The stock’s 50-day moving average is $21.96 and its 200-day moving average is $26.53. The company’s market cap is $1.719 billion.
Dreamworks Animation Skg (NYSE:DWA) last announced its earnings results on Tuesday, July 29th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.16. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $138.10 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 42.7% on a year-over-year basis. On average, analysts predict that Dreamworks Animation Skg will post $-0.07 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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