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

Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) announced its quarterly earnings results on Tuesday. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.22, Briefing.com reports. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.07 million. The firm’s quarterly revenue was up 81.6% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Lions Gate Entertainment Co. Class A Voting Shares from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research report on Thursday, July 6th. Rosenblatt Securities reaffirmed a “buy” rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research report on Tuesday, July 4th. FBR & Co restated an “outperform” rating and set a $29.00 target price (up from $27.00) on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research report on Wednesday, June 28th. Finally, Deutsche Bank AG assumed coverage on Lions Gate Entertainment Co. Class A Voting Shares in a research report on Tuesday, June 27th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $32.00.

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