Bona Film Group (BONA) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS
Bona Film Group (NASDAQ:BONA) announced its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01, ARN reports. The company had revenue of $44.90 million for the quarter, compared to the consensus estimate of $44.10 million. During the same quarter last year, the company posted $0.03 earnings per share.
Bona Film Group (NASDAQ:BONA) traded up 0.28% on Thursday, hitting $7.21. The stock had a trading volume of 116,992 shares. Bona Film Group has a 1-year low of $4.50 and a 1-year high of $8.92. The stock’s 50-day moving average is $6.97 and its 200-day moving average is $6.51. The company has a market cap of $437.9 million and a price-to-earnings ratio of 68.48.
On the ratings front, analysts at China International Capital Corp upgraded shares of Bona Film Group from an “accumulate” rating to a “buy” rating in a research note on Friday, May 30th. They now have a $8.50 price target on the stock.
Bona Film Group Limited is a film distributor in China. It distributes films through virtually all of the theatres circuits in China.
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