Brokerages Expect Lions Gate Entertainment Corp. (NYSE:LGF.A) to Post $0.32 EPS

Analysts expect Lions Gate Entertainment Corp. (NYSE:LGF.A) to report $0.32 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Lions Gate Entertainment’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.28. Lions Gate Entertainment reported earnings per share of $0.35 in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.6%. The business is scheduled to report its next earnings report on Thursday, February 6th.

On average, analysts expect that Lions Gate Entertainment will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $1.10. For the next fiscal year, analysts expect that the company 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 calculations are an 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 results on Thursday, August 8th. The company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $963.60 million for the quarter, compared to analysts’ expectations of $925.41 million.

A number of equities research analysts have recently commented on the stock. Wells Fargo & Co assumed coverage on shares of Lions Gate Entertainment in a report on Monday, September 23rd. They set an “outperform” rating and a $15.00 price target on the stock. Zacks Investment Research upgraded shares of Lions Gate Entertainment from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, October 15th. Imperial Capital upgraded shares of Lions Gate Entertainment to an “outperform” rating in a report on Monday, August 19th. Goldman Sachs Group upgraded shares of Lions Gate Entertainment from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $24.00 to $19.00 in a research report on Wednesday, July 24th. Finally, ValuEngine downgraded shares of Lions Gate Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Lions Gate Entertainment currently has an average rating of “Buy” and an average price target of $20.88.

NYSE:LGF.A opened at $9.13 on Friday. The company’s 50 day moving average price is $8.80 and its 200-day moving average price is $11.72. Lions Gate Entertainment has a 52 week low of $7.65 and a 52 week high of $21.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.63 and a beta of 1.17.

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

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