Starz Inc. (STRZA) Announces Quarterly Earnings Results

Starz Inc. (NASDAQ:STRZA) announced its earnings results on Thursday. The company reported $0.54 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The company had revenue of $402.60 million for the quarter, compared to analyst estimates of $421.17 million. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share.

A number of research analysts have recently issued reports on STRZA shares. FBR & Co reissued a “hold” rating on shares of Starz in a research note on Saturday, April 30th. Morgan Stanley reissued a “hold” rating on shares of Starz in a research note on Saturday, April 30th. Deutsche Bank AG boosted their price objective on Starz from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, May 2nd. Zacks Investment Research raised Starz from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, July 5th. Finally, Credit Agricole SA raised Starz from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $31.00 in a research note on Monday, May 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $34.11.

Starz (NASDAQ:STRZA) traded down 1.32% during trading on Thursday, hitting $29.96. The stock had a trading volume of 1,270,494 shares. The company has a market capitalization of $2.95 billion and a P/E ratio of 14.50. Starz has a 1-year low of $20.33 and a 1-year high of $41.42. The stock’s 50-day moving average price is $28.75 and its 200-day moving average price is $27.20.

In other Starz news, Director Jeffrey Sagansky sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $27.43, for a total value of $96,005.00. Following the completion of the sale, the director now directly owns 9,391 shares in the company, valued at $257,595.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Starz is an integrated media and entertainment company. The Company provides subscription video programming in the United States to cable operators, satellite television providers, telecommunications companies and online video providers. The Company’s segments include Starz Networks and Starz Distribution.