Dreamworks Animation Skg Inc (DWA) was Upgraded by Topeka Capital Markets to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 41 from a previous price target of $19 . Earlier the firm had a rating of “Sell ” on the company shares. Topeka Capital Markets advised their investors in a research report released on May 3, 2016.
Many Wall Street Analysts have commented on Dreamworks Animation Skg Inc. 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 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.
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 (DWA) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $39.95 and reached the intraday high at $39.99. The bulls started the profit booking and pushed the shares to intraday low of $39.87. The trading session was marked by a volume range of 64,48,244 shares exchanging hands. The 52-week high of the shares is $40.11 and the 52-week low is $17.02. The market cap of the company stands at $3,447 M and there are 8,63,59,404 shares in public circulation.
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.