Trade Report: The Lions Gate Entertainment Corp. (LGF) Expected to Post Q2 2017 Earnings of ($0.28) Per Share

The Lions Gate Entertainment Corp. (LGF) Expected to Post Q2 2017 Earnings of ($0.28) Per Share

Lions Gate Entertainment Corp. (NYSE:LGF) – Equities researchers at Jefferies Group cut their Q2 2017 earnings estimates for Lions Gate Entertainment Corp. in a report issued on Monday. Jefferies Group analyst J. Janedis now forecasts that the firm will earn ($0.28) per share for the quarter, down from their previous estimate of ($0.12). Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Lions Gate Entertainment Corp.’s FY2017 earnings at $0.35 EPS.

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

Several other research firms have also commented on LGF. B. Riley reissued a “buy” rating and set a $34.00 price target on shares of Lions Gate Entertainment Corp. in a research report on Saturday, August 6th. FBR & Co dropped their price objective on Lions Gate Entertainment Corp. from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, August 8th. Brean Capital set a $27.00 price objective on Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a report on Monday, September 19th. Zacks Investment Research upgraded Lions Gate Entertainment Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Finally, Argus restated a “buy” rating on shares of Lions Gate Entertainment Corp. in a report on Saturday, July 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Lions Gate Entertainment Corp. presently has a consensus rating of “Buy” and a consensus price target of $28.31.

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded down 0.48% during midday trading on Thursday, hitting $18.60. The company had a trading volume of 746,370 shares. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 261.97 and a beta of 1.30. Lions Gate Entertainment Corp. has a 12 month low of $16.21 and a 12 month high of $41.41. The stock’s 50-day moving average price is $20.55 and its 200-day moving average price is $20.73.

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

Several hedge funds have recently made changes to their positions in LGF. Amica Retiree Medical Trust purchased a new stake in shares of Lions Gate Entertainment Corp. during the second quarter valued at $105,000. IFP Advisors Inc increased its stake in shares of Lions Gate Entertainment Corp. by 62.3% in the second quarter. IFP Advisors Inc now owns 5,243 shares of the company’s stock valued at $106,000 after buying an additional 2,013 shares in the last quarter. BlackRock Japan Co. Ltd bought a new stake in shares of Lions Gate Entertainment Corp. during the first quarter valued at approximately $141,000. Advisor Group Inc. bought a new stake in shares of Lions Gate Entertainment Corp. during the second quarter valued at approximately $147,000. Finally, Legal & General Group Plc increased its stake in shares of Lions Gate Entertainment Corp. by 3.9% in the second quarter. Legal & General Group Plc now owns 7,830 shares of the company’s stock valued at $159,000 after buying an additional 292 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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