Wall Street analysts predict that Lions Gate Entertainment Corp. (NYSE:LGF.A) will report earnings of $0.17 per share for the current quarter, according to Zacks. Three analysts have made estimates for Lions Gate Entertainment’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.06. Lions Gate Entertainment posted earnings per share of $0.35 in the same quarter last year, which indicates a negative year-over-year growth rate of 51.4%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 6th.
On average, analysts expect that Lions Gate Entertainment will report full-year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.74. For the next fiscal year, analysts expect that the company will report earnings of $0.77 per share, with EPS estimates ranging from $0.28 to $1.18. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Lions Gate Entertainment.
Lions Gate Entertainment (NYSE:LGF.A) last posted its earnings results on Thursday, November 7th. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $983.50 million during the quarter, compared to the consensus estimate of $866.67 million. Lions Gate Entertainment had a negative net margin of 4.86% and a positive return on equity of 3.90%.
LGF.A has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Lions Gate Entertainment from a “sell” rating to a “hold” rating and set a $11.00 target price on the stock in a research note on Monday, December 23rd. Wells Fargo & Co cut shares of Lions Gate Entertainment from an “overweight” rating to an “equal weight” rating and set a $11.00 target price on the stock. in a research note on Tuesday. Evercore ISI reissued a “buy” rating and issued a $17.00 target price on shares of Lions Gate Entertainment in a research note on Monday, November 11th. Barrington Research lowered their target price on shares of Lions Gate Entertainment from $18.00 to $12.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 19th. Finally, ValuEngine raised shares of Lions Gate Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Lions Gate Entertainment has an average rating of “Buy” and a consensus target price of $17.25.
NYSE LGF.A traded down $0.18 on Thursday, reaching $10.79. The company’s stock had a trading volume of 1,077,786 shares, compared to its average volume of 901,479. The firm has a market cap of $2.39 billion, a PE ratio of -12.55, a price-to-earnings-growth ratio of 3.39 and a beta of 1.26. The business has a 50-day moving average price of $10.30 and a 200 day moving average price of $10.34. Lions Gate Entertainment has a 52 week low of $7.65 and a 52 week high of $18.73. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.04.
About Lions Gate Entertainment
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment in Canada, the United States, and internationally. The company operates through three segments: Motion Pictures, Television Production, and Media Networks.
See Also: Golden Cross
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lions Gate Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lions Gate Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.