Trade Report: The Q4 2017 Earnings Estimate for Lions Gate Entertainment Corp. (LGF) Issued By Jefferies Group

The Q4 2017 Earnings Estimate for Lions Gate Entertainment Corp. (LGF) Issued By Jefferies Group

Lions Gate Entertainment Corp. (NYSE:LGF) – Investment analysts at Jefferies Group lowered their Q4 2017 earnings per share (EPS) estimates for Lions Gate Entertainment Corp. in a note issued to investors on Monday. Jefferies Group analyst J. Janedis now expects that the brokerage will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.31. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Lions Gate Entertainment Corp.’s FY2018 earnings at $0.33 EPS.

Several other equities research analysts also recently weighed in on the stock. Wunderlich dropped their target price on shares of Lions Gate Entertainment Corp. from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Investment Research downgraded shares of Lions Gate Entertainment Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. B. Riley reissued a “buy” rating and issued a $34.00 target price on shares of Lions Gate Entertainment Corp. in a research report on Saturday, October 8th. Stifel Nicolaus set a $22.00 price objective on shares of Lions Gate Entertainment Corp. and gave the company a “hold” rating in a research report on Monday, October 3rd. Finally, Piper Jaffray Cos. set a $30.00 price objective on shares of Lions Gate Entertainment Corp. and gave the company a “buy” rating in a research report on Saturday, October 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $28.31.

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded down 3.01% on Wednesday, reaching $18.69. 4,280,978 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $20.62 and its 200-day moving average price is $20.75. The company has a market capitalization of $2.76 billion, a P/E ratio of 263.24 and a beta of 1.30. Lions Gate Entertainment Corp. has a 1-year low of $16.21 and a 1-year high of $41.41.

Lions Gate Entertainment Corp. (NYSE:LGF) last issued its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.36. Lions Gate Entertainment Corp. had a net margin of 0.43% and a return on equity of 5.81%. The company earned $553.60 million during the quarter, compared to analysts’ expectations of $494.34 million. During the same period last year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 35.4% compared to the same quarter last year.

In other news, CEO Jon Feltheimer sold 255,718 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $20.25, for a total transaction of $5,178,289.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gordon Crawford purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were purchased at an average price of $21.70 per share, for a total transaction of $1,085,000.00. The disclosure for this purchase can be found here. Corporate insiders own 30.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. raised its stake in Lions Gate Entertainment Corp. by 13.4% in the first quarter. Teachers Advisors Inc. now owns 596,815 shares of the company’s stock worth $13,040,000 after buying an additional 70,742 shares in the last quarter. BlackRock Inc. raised its stake in Lions Gate Entertainment Corp. by 120.9% in the first quarter. BlackRock Inc. now owns 13,279 shares of the company’s stock worth $290,000 after buying an additional 7,268 shares in the last quarter. BlackRock Group LTD raised its stake in Lions Gate Entertainment Corp. by 274.7% in the first quarter. BlackRock Group LTD now owns 199,790 shares of the company’s stock worth $4,365,000 after buying an additional 146,472 shares in the last quarter. BlackRock Japan Co. Ltd purchased a new stake in Lions Gate Entertainment Corp. during the first quarter worth about $141,000. Finally, Canada Pension Plan Investment Board raised its stake in Lions Gate Entertainment Corp. by 76,398.3% in the first quarter. Canada Pension Plan Investment Board now owns 305,993 shares of the company’s stock worth $6,686,000 after buying an additional 305,593 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

About Lions Gate Entertainment Corp.

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