Wall Street brokerages predict that Lions Gate Entertainment Corp. (NYSE:LGF.A) will report sales of $732.99 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Lions Gate Entertainment’s earnings. The highest sales estimate is $797.05 million and the lowest is $586.50 million. Lions Gate Entertainment posted sales of $963.60 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.9%. The business is expected to report its next earnings report on Thursday, August 13th.
According to Zacks, analysts expect that Lions Gate Entertainment will report full year sales of $3.32 billion for the current fiscal year, with estimates ranging from $2.70 billion to $3.53 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.95 billion, with estimates ranging from $3.81 billion to $4.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Lions Gate Entertainment.
Lions Gate Entertainment (NYSE:LGF.A) last released its earnings results on Thursday, May 21st. The company reported $0.18 earnings per share (EPS) 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.
LGF.A has been the subject of a number of recent research reports. Deutsche Bank decreased their target price on Lions Gate Entertainment from $22.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Cfra lowered Lions Gate Entertainment from a “buy” rating to a “hold” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. cut their price target on Lions Gate Entertainment from $14.00 to $11.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. reaffirmed a “sell” rating on shares of Lions Gate Entertainment in a report on Tuesday, June 9th. Finally, Royal Bank of Canada began coverage on Lions Gate Entertainment in a report on Monday, April 27th. They issued a “sector perform” rating and a $7.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.33.
NYSE:LGF.A remained flat at $$7.41 during trading hours on Friday. The company’s stock had a trading volume of 987,244 shares, compared to its average volume of 1,401,384. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average of $7.88 and a 200 day moving average of $8.42. Lions Gate Entertainment has a twelve month low of $4.18 and a twelve month high of $13.42. The firm has a market capitalization of $1.61 billion, a PE ratio of -8.62, a P/E/G ratio of 1.47 and a beta of 1.43.
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.
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