Jefferies Financial Group Comments on Scientific Games Corp’s Q3 2018 Earnings (SGMS)

Scientific Games Corp (NASDAQ:SGMS) – Investment analysts at Jefferies Financial Group decreased their Q3 2018 earnings per share (EPS) estimates for Scientific Games in a report issued on Tuesday, August 7th. Jefferies Financial Group analyst D. Katz now anticipates that the technology company will earn ($0.24) per share for the quarter, down from their prior forecast of ($0.13). Jefferies Financial Group has a “Buy” rating and a $46.00 price target on the stock. Jefferies Financial Group also issued estimates for Scientific Games’ Q4 2018 earnings at ($0.07) EPS, Q1 2019 earnings at $0.13 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.62 EPS, Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.29 EPS and FY2020 earnings at $1.04 EPS.

Several other equities research analysts have also recently commented on the stock. BidaskClub raised shares of Scientific Games from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 31st. Telsey Advisory Group raised their target price on shares of Scientific Games from $59.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, May 24th. Zacks Investment Research cut shares of Scientific Games from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus dropped their target price on shares of Scientific Games from $57.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, August 3rd. Finally, ValuEngine raised shares of Scientific Games from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Scientific Games has a consensus rating of “Hold” and a consensus target price of $54.67.

NASDAQ:SGMS opened at $33.15 on Friday. Scientific Games has a 12 month low of $31.45 and a 12 month high of $62.80. The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of -3.90.

Scientific Games (NASDAQ:SGMS) last posted its earnings results on Thursday, August 2nd. The technology company reported ($0.06) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The company had revenue of $844.70 million during the quarter, compared to analysts’ expectations of $853.64 million. During the same period in the prior year, the business posted ($0.44) earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis.

In related news, EVP Derik Mooberry sold 84,174 shares of the stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $59.82, for a total value of $5,035,288.68. Following the completion of the transaction, the executive vice president now directly owns 69,899 shares in the company, valued at approximately $4,181,358.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gabrielle K. Mcdonald sold 5,000 shares of the stock in a transaction dated Wednesday, June 27th. The stock was sold at an average price of $49.71, for a total transaction of $248,550.00. Following the completion of the transaction, the director now owns 10,549 shares of the company’s stock, valued at $524,390.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,594 shares of company stock valued at $5,534,762. Corporate insiders own 40.48% of the company’s stock.

Several institutional investors have recently modified their holdings of SGMS. Fine Capital Partners L.P. increased its stake in shares of Scientific Games by 53.2% in the 1st quarter. Fine Capital Partners L.P. now owns 3,724,612 shares of the technology company’s stock worth $154,944,000 after acquiring an additional 1,293,675 shares in the last quarter. BlackRock Inc. increased its stake in shares of Scientific Games by 6.3% in the 2nd quarter. BlackRock Inc. now owns 6,072,629 shares of the technology company’s stock worth $298,469,000 after acquiring an additional 361,648 shares in the last quarter. RWC Asset Management LLP bought a new position in shares of Scientific Games in the 1st quarter worth about $14,560,000. Matarin Capital Management LLC bought a new position in shares of Scientific Games in the 1st quarter worth about $9,227,000. Finally, Guggenheim Capital LLC increased its stake in shares of Scientific Games by 340.1% in the 1st quarter. Guggenheim Capital LLC now owns 242,736 shares of the technology company’s stock worth $10,098,000 after acquiring an additional 187,578 shares in the last quarter. Institutional investors own 63.77% of the company’s stock.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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Earnings History and Estimates for Scientific Games (NASDAQ:SGMS)

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