Starz Inc. to Post FY2016 Earnings of $2.21 Per Share, Brean Capital Forecasts (STRZA)
Starz Inc. (NASDAQ:STRZA) – Stock analysts at Brean Capital issued their FY2016 earnings estimates for Starz in a research report issued to clients and investors on Monday. Brean Capital analyst A. Gould anticipates that the firm will earn $2.21 per share for the year. Brean Capital currently has a “Hold” rating and a $27.00 target price on the stock. Brean Capital also issued estimates for Starz’s FY2017 earnings at $2.97 EPS.
Starz (NASDAQ:STRZA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. Starz had a net margin of 12.57% and a return on equity of 94.59%. The firm earned $402.60 million during the quarter, compared to analyst estimates of $421.17 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year.
Other analysts have also issued reports about the company. Zacks Investment Research lowered Starz from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Credit Agricole SA lowered Starz from an “outperform” rating to an “underperform” rating in a research note on Friday, July 29th. Pivotal Research lowered Starz from a “buy” rating to a “hold” rating and lowered their price target for the stock from $32.00 to $31.00 in a research note on Friday, July 29th. FBN Securities raised Starz from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 3rd. Finally, FBR & Co lifted their price target on Starz from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, July 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.30.
Shares of Starz (NASDAQ:STRZA) opened at 31.32 on Wednesday. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 15.50 and a beta of 0.35. The stock’s 50 day moving average is $31.32 and its 200 day moving average is $28.57. Starz has a 52-week low of $20.33 and a 52-week high of $40.69.
A number of large investors have recently bought and sold shares of the stock. CNH Partners LLC purchased a new stake in Starz during the second quarter valued at about $14,261,000. Columbia Wanger Asset Management LLC increased its stake in Starz by 38.1% in the second quarter. Columbia Wanger Asset Management LLC now owns 1,479,416 shares of the company’s stock valued at $44,264,000 after buying an additional 408,157 shares in the last quarter. Carlson Capital L P purchased a new stake in Starz during the second quarter valued at about $11,968,000. Hudson Bay Capital Management LP purchased a new stake in Starz during the first quarter valued at about $10,331,000. Finally, River Road Asset Management LLC purchased a new stake in Starz during the second quarter valued at about $11,302,000. Institutional investors own 83.94% of the company’s stock.
In other Starz news, Director Susan M. Lyne sold 1,000 shares of Starz stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $31.33, for a total value of $31,330.00. Following the sale, the director now owns 11,707 shares in the company, valued at $366,780.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is owned by company insiders.
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.
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