Lions Gate Entertainment Corp. (NYSE:LGF.A) Expected to Announce Quarterly Sales of $896.52 Million

Wall Street brokerages expect Lions Gate Entertainment Corp. (NYSE:LGF.A) to post $896.52 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Lions Gate Entertainment’s earnings, with estimates ranging from $797.17 million to $1.01 billion. Lions Gate Entertainment reported sales of $901.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.5%. The company is scheduled to announce its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Lions Gate Entertainment will report full-year sales of $3.82 billion for the current year, with estimates ranging from $3.70 billion to $3.95 billion. For the next financial year, analysts forecast that the business will post sales of $4.07 billion, with estimates ranging from $3.84 billion to $4.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Lions Gate Entertainment.

Lions Gate Entertainment (NYSE:LGF.A) last announced its quarterly earnings data 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 positive return on equity of 3.74% and a negative net margin of 8.90%. The business had revenue of $963.60 million during the quarter, compared to analysts’ expectations of $925.41 million.

A number of equities research analysts recently commented on LGF.A shares. Goldman Sachs Group raised Lions Gate Entertainment from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $24.00 to $19.00 in a research note on Wednesday, July 24th. ValuEngine raised Lions Gate Entertainment from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 12th. Barrington Research lifted their price objective on Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Argus cut Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Finally, Imperial Capital cut Lions Gate Entertainment from an “outperform” rating to an “in-line” rating and set a $24.00 price objective for the company. in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Lions Gate Entertainment presently has an average rating of “Buy” and a consensus target price of $22.14.

Shares of Lions Gate Entertainment stock traded up $0.03 during trading on Monday, reaching $11.07. 877,000 shares of the company were exchanged, compared to its average volume of 946,812. The company has a quick ratio of 0.84, a current ratio of 0.80 and a debt-to-equity ratio of 1.04. Lions Gate Entertainment has a twelve month low of $10.86 and a twelve month high of $25.25. The business has a 50-day moving average price of $12.45 and a 200-day moving average price of $14.41. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 0.79 and a beta of 1.09.

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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