Tuesday, July 28, 2015 12:41:45 PM
undefined undefined | S&P Capital IQ
SNPMarketScopeViewsNews2015-07-24 10:21:38.000LGFLIONS GATE ENTERTAINMENT CORP.Acquire MediaPIPER JAFFRAY HIKES LIONSGATE ESTIMATES...EXCITED ABOUT HUNGER GAMES, DIVERGENT, POWER RANGERS & MORE
In a report published Friday, Piper Jaffray analyst James M. Marsh maintained an Overweight rating on Lions Gate Entertainment Corp. (USA) (NYSE: LGF), while raising the price target from $38 to $45. Analyst James Marsh said that Lions Gate was likely to have a "relatively slow start" to FY16, with revenues down 7 percent to $420M, primarily on account of Mockingjay 1 and Insurgent comping to Catching Fire and Divergent. "We also believe given Mockingjay's success with electronic sell-through (EST), much of packaged media sales were likely front-loaded in the prior quarter." Marsh added that the remainder of FY16 was likely to be positively impacted by "a robust slate and the growing Lionsgate TV business." The EBITDA estimate for FY16 has been raised slightly by 2 percent to $395M. Marsh added that this was likely to be more "back-loaded" due to the release of fourteen new television series and Mockingjay 2 later this fiscal year. In the report Piper Jaffray noted, "Longer term we like Lionsgate's feature film release slate (Gods of Egypt, Power Rangers, Odyssey and a possible Twilight extension), plus think the company will find more ways to work more symbiotically with John Malone's media empire (think Starz, Liberty Global and Discovery)." The EBITDA estimate for FY17 has been raised by 10 percent to $480M, representing 22 percent growth y/y. "We continue to be bullish on pure-play content names such as LGF," Marsh commented. View More Analyst Ratings for LGFView the Latest Analyst Ratings Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga PRO: http://pro.benzinga.com 2015 Benzinga Newswires. Benzinga does not provide investment advice. All rights reserved. Acquire Media|US;LGF|56187|US|183103
Recent LGF.B News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 09:50:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 09:39:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 09:37:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 09:35:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 09:33:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 09:31:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:42:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 11:07:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 12:22:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 09:49:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 11:01:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 08:02:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 11:58:21 AM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/13/2024 11:57:43 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:13:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:08:07 PM
- LIONSGATE AND LIONSGATE STUDIOS REPORT RESULTS FOR FIRST QUARTER FISCAL 2025 • PR Newswire (US) • 08/08/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2024 10:58:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 10:01:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:59:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:58:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:56:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 09:55:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 11:11:19 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM