DreamWorks Animation Coverage Initiated at Sterne Agee (DWA)

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Research analysts at Sterne Agee started coverage on shares of DreamWorks Animation (NYSE: DWA) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating and a $18.00 price target on the stock. Sterne Agee’s target price points to a potential downside of 20.42% from the company’s current price.

The analysts wrote, “We expect EPS to decline 35% Y/Y in 2014 and the share price to reach $18, 21% downside from the current level. We are therefore initiating coverage of DWA with an Underperform rating. We think the consensus estimates imply future film box office results which are likely to prove too optimistic.”

A number of other firms have also recently commented on DWA. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of DreamWorks Animation in a research note to investors on Wednesday, May 29th. They now have a $20.50 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of DreamWorks Animation from $23.00 to $24.00 in a research note to investors on Wednesday, May 29th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America upgraded shares of DreamWorks Animation from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, May 1st. They now have a $22.00 price target on the stock, up previously from $15.00.

Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.33.

Shares of DreamWorks Animation (NYSE: DWA) traded down 0.80% during mid-day trading on Wednesday, hitting $22.44. DreamWorks Animation has a one year low of $15.90 and a one year high of $22.98. The stock’s 50-day moving average is currently $18.73. The company’s market cap is $1.875 billion.

DreamWorks Animation (NYSE: DWA) last released its earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.10. The company had revenue of $134.65 million for the quarter, compared to the consensus estimate of $96.01 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that DreamWorks Animation will post $0.84 EPS for the current fiscal year.

DreamWorks Animation SKG, Inc. (NYSE: DWA) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets.

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