Wall Street analysts expect that Lions Gate Entertainment Corp. (NYSE:LGF.A) will post $1.02 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Lions Gate Entertainment’s earnings. The highest sales estimate is $1.07 billion and the lowest is $973.50 million. Lions Gate Entertainment reported sales of $1.14 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.5%. The company is expected to issue its next earnings results on Thursday, February 14th.
On average, analysts expect that Lions Gate Entertainment will report full year sales of $3.96 billion for the current financial year, with estimates ranging from $3.85 billion to $4.13 billion. For the next year, analysts anticipate that the business will report sales of $4.26 billion, with estimates ranging from $4.09 billion to $4.50 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Lions Gate Entertainment.
Lions Gate Entertainment (NYSE:LGF.A) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The business had revenue of $933.00 million for the quarter, compared to analyst estimates of $888.36 million. Lions Gate Entertainment had a return on equity of 5.97% and a net margin of 7.20%. Lions Gate Entertainment’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS.
LGF.A has been the subject of several research analyst reports. SunTrust Banks upgraded Lions Gate Entertainment from a “hold” rating to a “$23.87” rating in a research report on Wednesday, July 18th. ValuEngine downgraded Lions Gate Entertainment from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 19th. Zacks Investment Research downgraded Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Canaccord Genuity set a $26.00 price objective on Lions Gate Entertainment and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Barrington Research cut their price objective on Lions Gate Entertainment from $34.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.77.
Shares of LGF.A stock opened at $20.14 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.82. Lions Gate Entertainment has a one year low of $18.04 and a one year high of $36.48. The firm has a market capitalization of $4.19 billion, a P/E ratio of 16.37, a P/E/G ratio of 3.07 and a beta of 1.23.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Sunday, September 30th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 1.79%. Lions Gate Entertainment’s payout ratio is 29.27%.
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