Lions Gate Entertainment Corp. (USA) (LGF) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.27. Analysts had a consensus of $-0.08. The company posted revenue of $553.60 million in the period, compared to analysts expectations of $494.51 million. The company’s revenue was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Lions Gate Entertainment Corp. (USA). Shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $32 .Company shares were Reiterated by FBR Capital on Aug 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $25 .Lions Gate Entertainment Corp. (USA) was Downgraded by Bernstein to ” Mkt Perform” on Jul 14, 2016.
Lions Gate Entertainment Corp. (USA) closed down -0.58 points or -2.93% at $19.2 with 40,31,116 shares getting traded on Tusday. Post opening the session at $20.14, the shares hit an intraday low of $18.87 and an intraday high of $20.14 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Nov 19, 2015, Scott Paterson (director) sold 40,000 shares at $37.42 per share price. According to the SEC, on Oct 1, 2015, Steve Beeks (Co-Chief Operating Officer) sold 20,000 shares at $36.97 per share price. On May 1, 2015, Arthur Evrensel (director) sold 23,000 shares at $31.41 per share price, according to the Form-4 filing with the securities and exchange commission.
Lions Gate Entertainment Corp. is engaged in motion picture production and distribution television programming and syndication home entertainment digital distribution channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production. The Company’s Motion Pictures segment consists of the development and production of feature films acquisition of North American and global distribution rights North American theatrical home entertainment and television distribution of feature films produced and acquired and global licensing of distribution rights to feature films produced and acquired. The Company’s Television Production segment consists of the development production and global distribution of television productions including television series television movies and mini-series and non-fiction programming.