Dreamworks Animation Skg Inc (DWA) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.00. The company posted revenue of $190.40 million in the period, compared to analysts expectations of $181.05 million. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.25 EPS.
Many Wall Street Analysts have commented on Dreamworks Animation Skg Inc. Dreamworks Animation Skg Inc was Downgraded by Piper Jaffray to ” Neutral” on May 4, 2016. Company shares were Upgraded by Topeka Capital Markets on May 3, 2016 to ” Hold”, Firm has raised the Price Target to $ 41 from a previous price target of $19 .Company shares were Downgraded by FBR Capital on May 2, 2016 to ” Mkt Perform”, Firm has raised the Price Target to $ 41 from a previous price target of $29 .
Dreamworks Animation Skg Inc closed down -0.04 points or -0.10% at $39.86 with 37,22,106 shares getting traded on Wednesday. Post opening the session at $39.9, the shares hit an intraday low of $39.81 and an intraday high of $39.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 21, 2016, Dan Satterthwaite (Head of Human Resources) sold 4,918 shares at $27.50 per share price.
DreamWorks Animation SKG Inc. (DreamWorks Animation) creates and exploits branded family entertainment including animated feature films television series and specials live entertainment properties and related consumer products. The Company operates in four segments: Feature Films Television Series and Specials Consumer Products and New Media. Feature Films segment consists of the development production and exploitation of feature films in the theatrical television home entertainment and digital markets. Television Series and Specials segment consist of the development production and exploitation of television direct-to-video and other nontheatrical content in the television home entertainment and digital markets. Consumer Products segment consists of the Company’s merchandising and licensing activities. New Media segment consists of ATV and related businesses. Operating segments that are not separately reportable are categorized in all other.