Lions Gate Entertainment Corp. (USA) (LGF) reported quarterly earnings results on Wednesday, May-25-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $0.07. The company posted revenue of $791.20 million in the period, compared to analysts expectations of $743.00 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Lions Gate Entertainment Corp. (USA). Shares were Reiterated by Barrington Research on Apr 11, 2016 to “Outperform” and Lowered the Price Target to $ 28 from a previous price target of $30 .RBC Capital Mkts Initiated Lions Gate Entertainment Corp. (USA) on Apr 8, 2016 to “Sector Perform”, Price Target of the shares are set at $22.Pacific Crest Initiated Lions Gate Entertainment Corp. (USA) on Mar 29, 2016 to “Overweight”, Price Target of the shares are set at $27.
Lions Gate Entertainment Corp. (USA) opened for trading at $19.69 and hit $19.96 on the upside on Friday, eventually ending the session at $19.79, with a gain of 0.87% or 0.17 points. The heightened volatility saw the trading volume jump to 11,07,583 shares. Company has a market cap of $2,968 M.
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.