Lions Gate Entertainment Co. Class A Voting Shares (LGF.A) Issues Earnings Results

Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.24, Briefing.com reports. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $996.07 million. The firm’s revenue was up 81.6% on a year-over-year basis.

A number of research firms have recently commented on LGF.A. Zacks Investment Research raised Lions Gate Entertainment Co. Class A Voting Shares from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Morgan Stanley reissued an “overweight” rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Thursday, July 6th. Rosenblatt Securities reissued a “buy” rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Tuesday, July 4th. FBR & Co reissued an “outperform” rating and set a $29.00 price target (up previously from $27.00) on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Wednesday, June 28th. Finally, Deutsche Bank AG began coverage on Lions Gate Entertainment Co. Class A Voting Shares in a report on Tuesday, June 27th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Lions Gate Entertainment Co. Class A Voting Shares has an average rating of “Buy” and an average target price of $32.33.

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