Zacks: Brokerages Expect Lions Gate Entertainment Corp. (NYSE:LGF.A) Will Post Earnings of $0.20 Per Share

Equities research analysts expect Lions Gate Entertainment Corp. (NYSE:LGF.A) to post $0.20 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Lions Gate Entertainment’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.15. Lions Gate Entertainment reported earnings of $0.22 per share in the same quarter last year, which would suggest a negative year over year growth rate of 9.1%. The business is expected to announce its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Lions Gate Entertainment will report full-year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.89 to $1.10. For the next financial year, analysts expect that the business will report earnings of $1.13 per share, with EPS estimates ranging from $0.65 to $1.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Lions Gate Entertainment.

Lions Gate Entertainment (NYSE:LGF.A) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Lions Gate Entertainment had a negative net margin of 8.90% and a positive return on equity of 3.74%. The company had revenue of $963.60 million for the quarter, compared to the consensus estimate of $925.41 million.



LGF.A has been the topic of a number of recent analyst reports. Imperial Capital upgraded shares of Lions Gate Entertainment to an “outperform” rating in a research report on Monday, August 19th. ValuEngine upgraded shares of Lions Gate Entertainment from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 12th. Argus cut shares of Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Barrington Research lifted their price objective on shares of Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Finally, Goldman Sachs Group raised shares of Lions Gate Entertainment from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $24.00 to $19.00 in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.14.

Shares of LGF.A stock traded down $0.05 during midday trading on Tuesday, reaching $9.51. 1,024,133 shares of the company were exchanged, compared to its average volume of 962,804. Lions Gate Entertainment has a 12 month low of $8.63 and a 12 month high of $25.25. The company has a market cap of $2.07 billion, a P/E ratio of 14.19, a PEG ratio of 0.73 and a beta of 1.18. The company’s 50 day moving average price is $10.84 and its two-hundred day moving average price is $13.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.80 and a current ratio of 0.80.

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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Earnings History and Estimates for Lions Gate Entertainment (NYSE:LGF.A)

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