Revenue Update on Starz(NASDAQ:STRZA)

Starz(NASDAQ:STRZA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $402.60M. Analysts estimated a revenue of $422.83M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.56.

In a different note, On Jun 17, 2016, Macquarie said it Upgrades its rating on Starz. The shares have been rated ‘Outperform’ by the firm. On May 2, 2016, CLSA said it Upgrades its rating on Starz. The shares have been rated ‘Outperform’ by the firm.

Starz (STRZA) made into the market gainers list on Thursdays trading session with the shares advancing 0.13% or 0.04 points. Due to strong positive momentum, the stock ended at $29.82, which is also near the day’s high of $29.87. The stock began the session at $29.78 and the volume stood at 10,85,574 shares. The 52-week high of the shares is $41.42 and the 52 week low is $20.33. The company has a current market capitalization of $2,895 M and it has 9,70,75,425 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Jeffrey Sagansky (director) sold 3,500 shares at $27.43 per share price.Also, On Jan 8, 2016, Christopher Albrecht (Chief Executive Officer) sold 45,941 shares at $32.21 per share price.On Dec 4, 2015, Michael Thornton (EVP/CRO StrzMedia/Entertainm’t) sold 4,696 shares at $35.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Starz is an integrated media and entertainment company. Starz is engaged in video programming and development production acquisition and distribution of entertainment content. The Company has three segments: Starz Networks Starz Distribution and Starz Animation. Starz Networks provides premium subscription video programming to multichannel video programming distributors (MVPDs) in the United States including cable operators satellite television providers and telecommunications companies. The Starz Distribution segment includes its Anchor Bay Entertainment Starz Digital and Starz Worldwide Distribution businesses. Starz Animation through Film Roman LLC develops and produces two-dimensional animated content for third party entertainment companies. The Company conducts its operations under the STARZ ENCORE MOVIEPLEX Anchor Bay Entertainment Starz Digital Starz Worldwide and Film Roman brand names.

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