Wall Street analysts expect Scientific Games Corp (NASDAQ:SGMS) to post earnings of ($0.22) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Scientific Games’ earnings, with the lowest EPS estimate coming in at ($0.26) and the highest estimate coming in at ($0.18). Scientific Games posted earnings of ($0.82) per share in the same quarter last year, which suggests a positive year over year growth rate of 73.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, March 1st.
According to Zacks, analysts expect that Scientific Games will report full year earnings of ($2.47) per share for the current year, with EPS estimates ranging from ($2.53) to ($2.41). For the next financial year, analysts expect that the business will report earnings of ($0.41) per share, with EPS estimates ranging from ($0.81) to $0.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Scientific Games.
Scientific Games (NASDAQ:SGMS) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.22). The company had revenue of $768.90 million for the quarter, compared to analyst estimates of $748.56 million. During the same quarter in the previous year, the business earned ($1.13) EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year.
SGMS has been the topic of several research reports. Bank of America restated a “buy” rating and issued a $50.00 price target (up from $38.00) on shares of Scientific Games in a research note on Wednesday, September 20th. Craig Hallum restated a “buy” rating and issued a $56.00 price target (up from $45.00) on shares of Scientific Games in a research note on Thursday, October 5th. Finally, Stifel Nicolaus upped their price target on shares of Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Scientific Games presently has an average rating of “Buy” and an average target price of $42.20.
In related news, EVP James C. Kennedy sold 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $48.30, for a total transaction of $4,830,000.00. Following the completion of the sale, the executive vice president now owns 105,029 shares of the company’s stock, valued at $5,072,900.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Kennedy sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $48.26, for a total transaction of $1,930,400.00. Following the sale, the director now directly owns 63,551 shares of the company’s stock, valued at approximately $3,066,971.26. The disclosure for this sale can be found here. Insiders have sold 195,384 shares of company stock valued at $9,436,666 in the last ninety days. 40.61% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SGMS. Ameritas Investment Partners Inc. lifted its position in Scientific Games by 13.5% during the second quarter. Ameritas Investment Partners Inc. now owns 4,673 shares of the technology company’s stock worth $122,000 after purchasing an additional 556 shares during the period. First Quadrant L P CA bought a new stake in Scientific Games during the third quarter worth about $139,000. LS Investment Advisors LLC lifted its position in Scientific Games by 42.2% during the third quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,170 shares during the period. Teacher Retirement System of Texas bought a new stake in Scientific Games during the third quarter worth about $201,000. Finally, Bayesian Capital Management LP bought a new stake in Scientific Games during the second quarter worth about $209,000. 63.95% of the stock is owned by institutional investors and hedge funds.
Scientific Games (SGMS) remained flat at $$51.65 during mid-day trading on Friday. 498,700 shares of the stock traded hands, compared to its average volume of 2,319,740. The company has a quick ratio of 1.45, a current ratio of 1.83 and a debt-to-equity ratio of -4.07. Scientific Games has a 1-year low of $15.00 and a 1-year high of $54.95. The firm has a market capitalization of $4,630.00, a price-to-earnings ratio of -14.76 and a beta of 2.65.
About Scientific Games
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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