Dreamworks Animation Skg Inc (DWA) was Downgraded by Pacific Crest to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Pacific Crest advised their investors in a research report released on Apr 29, 2016.
Many Wall Street Analysts have commented on Dreamworks Animation Skg Inc. Dreamworks Animation Skg Inc was Upgraded by Credit Agricole to ” Underperform” on Apr 29, 2016. Dreamworks Animation Skg Inc was Upgraded by Goldman to ” Neutral” on Apr 29, 2016. Pacific Crest Initiated Dreamworks Animation Skg Inc on Mar 29, 2016 to “Overweight”, Price Target of the shares are set at $31.
On the company’s financial health, Dreamworks Animation Skg Inc reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.16. The company had revenue of $319.30 million for the quarter, compared to analysts expectations of $275.61 million. The company’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.75 EPS.
Dreamworks Animation Skg Inc opened for trading at $31.6 and hit $32.2999 on the upside on Wednesday, eventually ending the session at $32.2, with a gain of 18.73% or 5.08 points. The heightened volatility saw the trading volume jump to 1,16,80,635 shares. Company has a market cap of $2,781 M.
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.