Zacks: Brokerages Anticipate Lions Gate Entertainment Corp. (NYSE:LGF.A) Will Announce Earnings of $0.22 Per Share

Equities analysts predict that Lions Gate Entertainment Corp. (NYSE:LGF.A) will report earnings of $0.22 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lions Gate Entertainment’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.30. Lions Gate Entertainment also reported earnings per share of $0.22 during the same quarter last year. The firm is expected to announce its next earnings results on Thursday, November 14th.

On average, analysts expect that Lions Gate Entertainment will report full-year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $1.19. For the next year, analysts anticipate that the firm will report earnings of $1.24 per share, with EPS estimates ranging from $0.86 to $1.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Lions Gate Entertainment.

Lions Gate Entertainment (NYSE:LGF.A) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. Lions Gate Entertainment had a positive return on equity of 3.69% and a negative net margin of 8.90%. The business had revenue of $963.60 million during the quarter, compared to analyst estimates of $925.41 million.

A number of research analysts recently issued reports on LGF.A shares. ValuEngine upgraded Lions Gate Entertainment from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 12th. Argus downgraded Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Zacks Investment Research downgraded Lions Gate Entertainment from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research note on Tuesday. Barrington Research lifted their target price on Lions Gate Entertainment to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. Finally, Imperial Capital downgraded Lions Gate Entertainment from an “outperform” rating to an “in-line” rating and set a $24.00 target price on the stock. in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.14.

NYSE:LGF.A traded down $0.58 during midday trading on Friday, reaching $11.08. 53,120 shares of the company traded hands, compared to its average volume of 900,332. Lions Gate Entertainment has a twelve month low of $11.37 and a twelve month high of $25.25. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.09. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average of $12.48.

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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