Lions Gate Entertainment Co. Class A Voting Shares (LGF.A) to Post Q3 2018 Earnings of $0.23 Per Share, B. Riley Forecasts

Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) – Analysts at B. Riley lifted their Q3 2018 earnings per share (EPS) estimates for Lions Gate Entertainment Co. Class A Voting Shares in a research report issued to clients and investors on Friday. B. Riley analyst B. Crockett now forecasts that the company will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.22. B. Riley has a “Buy” rating and a $31.00 price objective on the stock. B. Riley also issued estimates for Lions Gate Entertainment Co. Class A Voting Shares’ FY2018 earnings at $1.11 EPS, FY2019 earnings at $0.83 EPS, FY2020 earnings at $1.29 EPS and FY2021 earnings at $1.61 EPS.

Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.42. The company had revenue of $941.00 million during the quarter, compared to analyst estimates of $953.04 million. The company’s revenue was up 47.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share.

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Other analysts have also recently issued reports about the company. Loop Capital upped their target price on Lions Gate Entertainment Co. Class A Voting Shares from $29.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 21st. Royal Bank Of Canada upped their price target on Lions Gate Entertainment Co. Class A Voting Shares from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Cowen and Company reissued a “hold” rating and set a $25.00 target price on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Friday, July 28th. Piper Jaffray Companies set a $35.00 target price on Lions Gate Entertainment Co. Class A Voting Shares and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research raised Lions Gate Entertainment Co. Class A Voting Shares from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $32.56.

Shares of Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) opened at $31.23 on Monday. Lions Gate Entertainment Co. Class A Voting Shares has a 12-month low of $24.27 and a 12-month high of $33.68.

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

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