Lions Gate Entertainment Co. Class A Voting Shares (LGF.A) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A) from a hold rating to a sell rating in a research note released on Tuesday morning.

According to Zacks, “Lions Gate’s shares have underperformed the industry in the past year. The company's restructuring inititive is likely to put pressure on fiscal 2019 results.  Furthermore, Lions Gate expects to return on growth track in fiscal 2020 compared with its earlier anticipation in fiscal 2019. Meanwhile, the company has been gaining from its focus on profitable areas and strategic buyouts like that of Starz, which is helping it to emerge as a major player in the TV space and regain lost ground in streaming network. Also, Lions Gate’s investment in The Immortals to capitalize on the rising popularity of eSports bodes well.”

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A number of other analysts also recently issued reports on the stock. Piper Jaffray set a $40.00 price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares and gave the company a buy rating in a report on Wednesday, January 3rd. Sanford C. Bernstein downgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from an outperform rating to a market perform rating in a report on Wednesday, February 21st. ValuEngine downgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from a hold rating to a sell rating in a report on Thursday, March 1st. Macquarie reiterated a buy rating and issued a $45.00 price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Wednesday, January 24th. Finally, Argus lifted their price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares to $38.00 and gave the company a buy rating in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $35.07.

LGF.A traded down $0.38 during trading on Tuesday, reaching $28.10. The company had a trading volume of 762,009 shares, compared to its average volume of 778,996. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.02 and a current ratio of 1.02. Lions Gate Entertainment Co. Class A Voting Shares has a 12 month low of $24.27 and a 12 month high of $36.48. The firm has a market cap of $5,454.86, a P/E ratio of 312.22, a PEG ratio of 4.84 and a beta of 1.15.

Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.28. Lions Gate Entertainment Co. Class A Voting Shares had a net margin of 10.22% and a return on equity of 9.08%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The business’s revenue was up 51.9% on a year-over-year basis. sell-side analysts anticipate that Lions Gate Entertainment Co. Class A Voting Shares will post 0.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Saturday, March 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.28%. Lions Gate Entertainment Co. Class A Voting Shares’s payout ratio is 400.00%.

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Analyst Recommendations for Lions Gate Entertainment Co. Class A Voting Shares (NYSE:LGF.A)

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