Lions Gate Entertainment Corp. (NYSE:LGF.A) – Equities research analysts at B. Riley dropped their Q2 2019 earnings per share estimates for shares of Lions Gate Entertainment in a research note issued on Monday, November 5th. B. Riley analyst B. Crockett now anticipates that the company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.12. B. Riley also issued estimates for Lions Gate Entertainment’s Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $0.92 EPS.
Other equities analysts have also recently issued research reports about the company. ValuEngine cut Lions Gate Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 19th. Zacks Investment Research raised Lions Gate Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Canaccord Genuity set a $26.00 price target on Lions Gate Entertainment and gave the stock a “buy” rating in a research note on Friday, August 10th. Barrington Research dropped their price target on Lions Gate Entertainment from $34.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, August 17th. Finally, SunTrust Banks raised Lions Gate Entertainment from a “hold” rating to a “$23.87” rating in a research note on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $31.77.
Lions Gate Entertainment (NYSE:LGF.A) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. Lions Gate Entertainment had a net margin of 7.20% and a return on equity of 5.97%. The firm had revenue of $933.00 million for the quarter, compared to analysts’ expectations of $888.36 million. During the same period in the previous year, the business earned $0.49 earnings per share. Lions Gate Entertainment’s revenue for the quarter was down 7.2% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Sunday, September 30th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.36 annualized dividend and a yield of 1.88%. Lions Gate Entertainment’s dividend payout ratio (DPR) is presently 29.27%.
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