Lions Gate Entertainment Corp (LGF.A) released its fourth quarter results on Friday, May 28, 2021. The company reported net earnings of $-0.17 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter were up 17 percent compared to the same period a year ago.
The company was founded in 1986 and is headquartered in Santa Monica, California. Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment operations in Canada, the United States, and internationally. It operates through three segments: Motion Picture, Television Production, and Media Networks.
Lions Gate Entertainment's revenue decreased 16 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 85.37% for the fourth quarter compared to the same period in the previous year, and operating margins decreased to 1.03% over the same period. Net earnings for past trailing twelve months were $-18.9 million, up 90% from the prior year.
Moving on to the balance sheet, Lions Gate Entertainment's cash levels jumped 66% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 19.21% this past year. The current ratio for Lions Gate Entertainment now stands at 0.7. The company increased shares outstanding by 0.82%.
Shares of LGF.A are currently trading around $19.48. In terms of valuation, the stock is trading at a price to book ratio of 1.54.