Lions Gate Entertainment Corp. (LGF) Stock Price Down 0.9%
Lions Gate Entertainment Corp. (NYSE:LGF)’s share price traded down 0.9% during trading on Monday . The company traded as low as $20.66 and last traded at $20.94, with a volume of 1,336,140 shares traded. The stock had previously closed at $21.12.
A number of equities analysts have recently commented on the company. Argus reaffirmed a “buy” rating on shares of Lions Gate Entertainment Corp. in a report on Saturday, July 9th. B. Riley set a $30.00 price target on Lions Gate Entertainment Corp. and gave the stock a “buy” rating in a report on Monday, August 1st. Macquarie reaffirmed an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of Lions Gate Entertainment Corp. in a report on Wednesday, June 1st. Vetr lowered Lions Gate Entertainment Corp. from a “strong-buy” rating to a “buy” rating and set a $24.38 price target for the company. in a report on Monday, May 30th. Finally, RBC Capital Markets reaffirmed a “hold” rating and issued a $24.00 price target (up from $23.00) on shares of Lions Gate Entertainment Corp. in a report on Friday, August 5th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Lions Gate Entertainment Corp. currently has a consensus rating of “Buy” and an average target price of $30.12.
The firm has a market cap of $3.06 billion and a P/E ratio of 292.11. The stock’s 50-day moving average price is $20.58 and its 200 day moving average price is $20.98.
Lions Gate Entertainment Corp. (NYSE:LGF) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.36. The business earned $553.60 million during the quarter, compared to analysts’ expectations of $494.34 million. During the same quarter in the previous year, the company posted $0.31 EPS. The company’s quarterly revenue was up 35.4% on a year-over-year basis. Analysts forecast that Lions Gate Entertainment Corp. will post $0.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Thursday, June 30th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.74%.
In other Lions Gate Entertainment Corp. news, Director Gordon Crawford purchased 50,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was acquired at an average price of $21.70 per share, for a total transaction of $1,085,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
An institutional investor recently bought a new position in Lions Gate Entertainment Corp. stock. Employees Retirement System of Texas purchased a new position in Lions Gate Entertainment Corp. (NYSE:LGF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 58,000 shares of the company’s stock, valued at approximately $1,879,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.