Analysts predict that Lions Gate Entertainment Corp. (NYSE:LGF.A) will post $889.38 million in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Lions Gate Entertainment’s earnings. The highest sales estimate is $906.48 million and the lowest is $873.00 million. Lions Gate Entertainment posted sales of $940.80 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5.5%. The company is scheduled to issue its next earnings results after the market closes on Thursday, November 8th.
On average, analysts expect that Lions Gate Entertainment will report full-year sales of $3.96 billion for the current year, with estimates ranging from $3.85 billion to $4.18 billion. For the next financial year, analysts expect that the company will post sales of $4.25 billion, with estimates ranging from $4.09 billion to $4.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Lions Gate Entertainment.
Lions Gate Entertainment (NYSE:LGF.A) last issued its earnings results on Thursday, August 9th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. Lions Gate Entertainment had a net margin of 7.20% and a return on equity of 5.97%. The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $888.36 million. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year.
Several research analysts have weighed in on the stock. ValuEngine upgraded shares of Lions Gate Entertainment from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 13th. SunTrust Banks upgraded shares of Lions Gate Entertainment from a “hold” rating to a “$23.87” rating in a research report on Wednesday, July 18th. Zacks Investment Research lowered shares of Lions Gate Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Cfra reiterated a “hold” rating and issued a $26.00 price target on shares of Lions Gate Entertainment in a research report on Thursday, June 21st. Finally, Barrington Research reduced their price objective on shares of Lions Gate Entertainment from $34.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Lions Gate Entertainment currently has an average rating of “Buy” and a consensus price target of $31.64.
Shares of LGF.A stock traded up $0.07 during trading hours on Tuesday, hitting $22.29. The company’s stock had a trading volume of 17,707 shares, compared to its average volume of 991,031. The firm has a market capitalization of $4.97 billion, a PE ratio of 18.46, a P/E/G ratio of 3.52 and a beta of 0.99. Lions Gate Entertainment has a twelve month low of $21.28 and a twelve month high of $36.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.74 and a quick ratio of 0.74.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Sunday, September 30th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, September 27th. Lions Gate Entertainment’s payout ratio is 29.27%.
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