Trade Report: The FY2016 EPS Estimates for Starz Inc. Decreased by Analyst (STRZA)

The FY2016 EPS Estimates for Starz Inc. Decreased by Analyst (STRZA)

Starz Inc. (NASDAQ:STRZA) – Stock analysts at FBR & Co reduced their FY2016 earnings per share estimates for Starz in a research report issued on Friday. FBR & Co analyst B. Crockett now anticipates that the brokerage will post earnings per share of $2.05 for the year, down from their previous estimate of $2.13. FBR & Co also issued estimates for Starz’s Q4 2016 earnings at $0.51 EPS.

Several other brokerages have also issued reports on STRZA. Zacks Investment Research upgraded Starz from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Stifel Nicolaus upgraded Starz from a “hold” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Friday. Brean Capital assumed coverage on Starz in a research report on Tuesday, September 6th. They issued a “hold” rating and a $27.00 price objective for the company. Credit Agricole SA lowered Starz from an “outperform” rating to an “underperform” rating in a research report on Friday, July 29th. Finally, Pivotal Research lowered Starz from a “buy” rating to a “hold” rating and decreased their price objective for the company from $32.00 to $31.00 in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Starz has a consensus rating of “Hold” and a consensus target price of $33.55.

Shares of Starz (NASDAQ:STRZA) opened at 31.20 on Monday. The firm has a market cap of $3.04 billion, a P/E ratio of 17.44 and a beta of 0.28. The stock has a 50 day moving average of $31.29 and a 200 day moving average of $29.26. Starz has a 52 week low of $20.33 and a 52 week high of $35.84.

Starz (NASDAQ:STRZA) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.19. The firm earned $407.80 million during the quarter, compared to the consensus estimate of $405.52 million. Starz had a net margin of 10.99% and a return on equity of 82.84%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS.

A number of large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Starz during the second quarter worth $135,000. Advisor Group Inc. purchased a new position in Starz during the second quarter valued at $178,000. Pacer Advisors Inc. purchased a new position in Starz during the second quarter valued at $207,000. Legal & General Group Plc boosted its position in Starz by 3.9% in the second quarter. Legal & General Group Plc now owns 6,914 shares of the company’s stock valued at $207,000 after buying an additional 261 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in Starz during the second quarter valued at $229,000. Institutional investors and hedge funds own 83.59% of the company’s stock.

In related news, Director Daniel E. Sanchez sold 1,775 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $31.44, for a total value of $55,806.00. Following the sale, the director now owns 8,633 shares in the company, valued at approximately $271,421.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan M. Lyne sold 1,000 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $31.33, for a total value of $31,330.00. Following the completion of the sale, the director now owns 11,707 shares in the company, valued at approximately $366,780.31. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

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