Playtika (NASDAQ:PLTK) Posts Earnings Results, Beats Estimates By $0.01 EPS

Playtika (NASDAQ:PLTK) released its earnings results on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01, Zacks reports. Playtika had a negative return on equity of 104.93% and a net margin of 3.16%.The firm had revenue of $674.60 million during the quarter, compared to analysts’ expectations of $669.60 million. During the same quarter last year, the business posted $0.11 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Playtika updated its FY 2025 guidance to EPS.

Playtika Trading Up 2.2%

NASDAQ:PLTK traded up $0.09 during midday trading on Friday, hitting $4.27. 2,560,471 shares of the company traded hands, compared to its average volume of 2,075,276. The firm has a market capitalization of $1.60 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.41 and a beta of 0.85. The firm’s fifty day moving average is $3.67 and its 200-day moving average is $4.29. Playtika has a 12-month low of $3.31 and a 12-month high of $8.80.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.40 annualized dividend and a dividend yield of 9.4%. Playtika’s payout ratio is currently 166.67%.

Hedge Funds Weigh In On Playtika

A number of large investors have recently made changes to their positions in PLTK. EP Wealth Advisors LLC bought a new stake in Playtika in the second quarter worth about $52,000. BTG Pactual Asset Management US LLC bought a new stake in shares of Playtika during the 2nd quarter worth approximately $64,000. Evergreen Capital Management LLC purchased a new position in Playtika during the 2nd quarter valued at $85,000. Corient Private Wealth LLC boosted its holdings in Playtika by 24.5% during the 2nd quarter. Corient Private Wealth LLC now owns 24,626 shares of the company’s stock valued at $116,000 after acquiring an additional 4,842 shares during the period. Finally, Creative Planning grew its position in Playtika by 143.3% in the 2nd quarter. Creative Planning now owns 28,089 shares of the company’s stock valued at $133,000 after acquiring an additional 16,546 shares during the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTK has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $7.00 target price on shares of Playtika in a research note on Friday, October 31st. Loop Capital set a $3.75 price objective on Playtika in a research report on Monday, November 3rd. Wall Street Zen downgraded Playtika from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group dropped their price target on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Playtika in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.00.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.