SunTrust Banks Weighs in on Lions Gate Entertainment Co. Class A Voting Shares’ Q3 2018 Earnings (LGF.A)

Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A) – SunTrust Banks upped their Q3 2018 earnings per share (EPS) estimates for Lions Gate Entertainment Co. Class A Voting Shares in a note issued to investors on Tuesday. SunTrust Banks analyst M. Thornton now expects that the company will post earnings of $0.22 per share for the quarter, up from their prior forecast of $0.19. SunTrust Banks has a “Buy” rating and a $41.00 price objective on the stock. SunTrust Banks also issued estimates for Lions Gate Entertainment Co. Class A Voting Shares’ Q4 2018 earnings at $0.10 EPS, FY2019 earnings at $0.63 EPS and FY2020 earnings at $1.23 EPS.

Several other research firms also recently issued reports on LGF.A. Zacks Investment Research downgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 22nd. Macquarie reaffirmed a “buy” rating and set a $45.00 price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Wednesday, January 24th. Morgan Stanley downgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 30th. ValuEngine raised shares of Lions Gate Entertainment Co. Class A Voting Shares from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Piper Jaffray Companies set a $40.00 price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $35.07.

Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A) traded down $1.13 during midday trading on Thursday, hitting $30.46. 792,243 shares of the company traded hands, compared to its average volume of 946,230. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.89. The company has a market cap of $2,570.00 and a P/E ratio of 34.76. Lions Gate Entertainment Co. Class A Voting Shares has a fifty-two week low of $24.27 and a fifty-two week high of $36.48.

Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.42. The business had revenue of $941.00 million during the quarter, compared to the consensus estimate of $953.04 million. Lions Gate Entertainment Co. Class A Voting Shares had a net margin of 5.56% and a return on equity of 6.96%. Lions Gate Entertainment Co. Class A Voting Shares’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS.

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Earnings History and Estimates for Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A)

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