Starz (STRZA) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.54 EPS for the quarter. Analysts had a consensus estimate of $0.54. The company posted revenue of $402.60 million in the period, compared to analysts expectations of $421.17 million. The company’s revenue was down -3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
Many Wall Street Analysts have commented on Starz. Starz was Downgraded by Macquarie to ” Neutral” on Jul 1, 2016. Company shares were Reiterated by FBR Capital on Jul 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $26 .Company shares were Reiterated by Deutsche Bank on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .
Starz closed down -0.4 points or -1.32% at $29.96 with 12,70,494 shares getting traded on Thursday. Post opening the session at $30.27, the shares hit an intraday low of $29.94 and an intraday high of $30.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 11, 2016, Jeffrey Sagansky (director) sold 3,500 shares at $27.43 per share price. According to the SEC, on Jan 8, 2016, Christopher Albrecht (Chief Executive Officer) sold 45,941 shares at $32.21 per share price. On Dec 4, 2015, Michael Thornton (EVP/CRO StrzMedia/Entertainm’t) sold 4,696 shares at $35.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Starz is an integrated media and entertainment company. Starz is engaged in video programming and development production acquisition and distribution of entertainment content. The Company has three segments: Starz Networks Starz Distribution and Starz Animation. Starz Networks provides premium subscription video programming to multichannel video programming distributors (MVPDs) in the United States including cable operators satellite television providers and telecommunications companies. The Starz Distribution segment includes its Anchor Bay Entertainment Starz Digital and Starz Worldwide Distribution businesses. Starz Animation through Film Roman LLC develops and produces two-dimensional animated content for third party entertainment companies. The Company conducts its operations under the STARZ ENCORE MOVIEPLEX Anchor Bay Entertainment Starz Digital Starz Worldwide and Film Roman brand names.