Lions Gate Entertainment Corp. (NYSE:LGF) announced a special dividend on Friday, December 20th, AnalystRatings.Net reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.0472 per share on Friday, February 7th. The ex-dividend date is Friday, December 27th.
A number of analysts have recently weighed in on LGF shares. Analysts at Zacks reiterated a “neutral” rating on shares of Lions Gate Entertainment Corp. in a research note to investors on Wednesday, November 13th. They now have a $34.00 price target on the stock. Analysts at Ascendiant Capital Markets initiated coverage on shares of Lions Gate Entertainment Corp. in a research note to investors on Friday, November 1st. They set a “buy” rating and a $40.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.00.
Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded up 2.98% during mid-day trading on Friday, hitting $31.11. 3,640,180 shares of the company’s stock traded hands. Lions Gate Entertainment Corp. has a 1-year low of $15.50 and a 1-year high of $37.81. The stock has a 50-day moving average of $31.66 and a 200-day moving average of $32.82. The company has a market cap of $4.291 billion and a price-to-earnings ratio of 20.61.
Lions Gate Entertainment Corp. (NYSE:LGF) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.27. The company had revenue of $498.70 million for the quarter, compared to the consensus estimate of $528.85 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 29.5% on a year-over-year basis. On average, analysts predict that Lions Gate Entertainment Corp. will post $1.01 earnings per share for the current fiscal year.
Lions Gate Entertainment Corp. (NYSE:LGF), is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales.
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