Lions Gate Entertainment Corp. (LGF) Releases Quarterly Earnings Results

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Lions Gate Entertainment Corp. (NYSE:LGF) posted its quarterly earnings results on Thursday. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.19, AR Network reports. The company had revenue of $839.90 million for the quarter, compared to the consensus estimate of $836.28 million. During the same quarter last year, the company posted $0.27 earnings per share. Lions Gate Entertainment Corp.’s revenue was up 13.0% compared to the same quarter last year.

Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets initiated coverage on shares of Lions Gate Entertainment Corp. in a research note to investors on Tuesday. They set a “buy” rating and a $30.53 price target on the stock. On the ratings front, analysts at Barrington Research reiterated an “outperform” rating on shares of Lions Gate Entertainment Corp. in a research note to investors on Monday, December 30th. They now have a $41.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Lions Gate Entertainment Corp. in a research note to investors on Wednesday, November 13th. They now have a $34.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.73.

Shares of Lions Gate Entertainment Corp. (NYSE:LGF) traded up 4.00% on Friday, hitting $33.00. The stock had a trading volume of 646,792 shares. Lions Gate Entertainment Corp. has a 52-week low of $18.75 and a 52-week high of $37.81. The stock has a 50-day moving average of $30.90 and a 200-day moving average of $33.1. The company has a market cap of $4.551 billion and a price-to-earnings ratio of 21.64.

Lions Gate Entertainment Corp. (NYSE:LGF), is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales.

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