DreamWorks Animation (NYSE: DWA) posted its quarterly earnings results on Tuesday. The company reported ($0.98) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.95. The company had revenue of $264.70 million for the quarter, compared to the consensus estimate of $213.17 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis.
DWA has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of DreamWorks Animation from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, February 20th. They now have a $18.10 price target on the stock. On a related note, analysts at Piper Jaffray downgraded shares of DreamWorks Animation from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, February 6th. They now have a $18.00 price target on the stock, down previously from $25.00. Finally, analysts at Susquehanna cut their price target on shares of DreamWorks Animation from $19.00 to $15.00 in a research note to investors on Wednesday, January 23rd. They now have a “neutral” rating on the stock.
One analyst has rated the stock with a buy rating, one has given an overweight rating, five have assigned a hold rating, two have assigned an underweight rating, and five have assigned a sell rating to the company’s stock. The stock has an average rating of “underweight” and a consensus price target of $16.62.
Shares of DreamWorks Animation (DWA) traded down 1.25% during mid-day trading on Tuesday, hitting $16.61. DreamWorks Animation (DWA) has a 52 week low of $15.90 and a 52 week high of $22.98. The stock’s 50-day moving average is currently $16.94. The company has a market cap of $1.401 billion and a P/E ratio of 20.51.
DreamWorks Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets.
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