Equities research analysts expect Lions Gate Entertainment Corp. (NYSE:LGF.A) to report $732.99 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Lions Gate Entertainment’s earnings, with the highest sales estimate coming in at $797.05 million and the lowest estimate coming in at $586.50 million. Lions Gate Entertainment reported sales of $963.60 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 23.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 13th.
On average, analysts expect that Lions Gate Entertainment will report full year sales of $3.32 billion for the current year, with estimates ranging from $2.70 billion to $3.53 billion. For the next year, analysts forecast that the firm will report sales of $3.95 billion, with estimates ranging from $3.81 billion to $4.02 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Lions Gate Entertainment.
Lions Gate Entertainment (NYSE:LGF.A) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). Lions Gate Entertainment had a positive return on equity of 3.12% and a negative net margin of 4.84%. The firm had revenue of $944.30 million during the quarter, compared to analysts’ expectations of $946.24 million.
A number of brokerages have recently commented on LGF.A. reaffirmed a “sell” rating on shares of Lions Gate Entertainment in a research report on Tuesday, June 9th. Deutsche Bank dropped their price objective on shares of Lions Gate Entertainment from $22.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Royal Bank of Canada started coverage on shares of Lions Gate Entertainment in a research note on Monday, April 27th. They set a “sector perform” rating and a $7.00 price objective on the stock. Barrington Research restated a “buy” rating and issued a $10.00 target price on shares of Lions Gate Entertainment in a research note on Tuesday, May 26th. Finally, Cfra downgraded shares of Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $12.33.
Shares of NYSE:LGF.A remained flat at $$7.41 during trading on Friday. 987,244 shares of the stock were exchanged, compared to its average volume of 1,401,384. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -8.62, a PEG ratio of 1.47 and a beta of 1.43. The business’s 50-day simple moving average is $7.88 and its two-hundred day simple moving average is $8.42. Lions Gate Entertainment has a fifty-two week low of $4.18 and a fifty-two week high of $13.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.04.
Lions Gate Entertainment Company Profile
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.
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