Brightstar Lottery (NYSE:BRSL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Brightstar Lottery (NYSE:BRSL) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.10.

A number of equities research analysts have recently issued reports on BRSL shares. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Jefferies Financial Group raised Brightstar Lottery from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $16.00 in a report on Thursday, August 13th. Susquehanna cut their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. Argus cut Brightstar Lottery from a “buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th.

Hedge Funds Weigh In On Brightstar Lottery

Several large investors have recently added to or reduced their stakes in BRSL. Nomura Asset Management Co. Ltd. bought a new position in Brightstar Lottery in the 4th quarter worth $31,000. NewEdge Advisors LLC bought a new stake in Brightstar Lottery during the fourth quarter valued at about $32,000. Gamco Investors INC. ET AL lifted its position in shares of Brightstar Lottery by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 277,075 shares of the company’s stock valued at $3,530,000 after acquiring an additional 2,200 shares in the last quarter. Knott David M Jr purchased a new position in shares of Brightstar Lottery in the first quarter valued at about $32,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Brightstar Lottery by 2.1% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 132,704 shares of the company’s stock valued at $1,691,000 after acquiring an additional 2,750 shares in the last quarter. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Brightstar Lottery Trading Up 1.7%

BRSL opened at $11.57 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.00 and a current ratio of 1.10. The stock has a market capitalization of $2.16 billion, a P/E ratio of 8.90 and a beta of 1.03. The business has a 50 day simple moving average of $10.99. Brightstar Lottery has a 12-month low of $9.90 and a 12-month high of $18.57.

Brightstar Lottery (NYSE:BRSL) last announced its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. The company had revenue of $584.00 million during the quarter. As a group, analysts predict that Brightstar Lottery will post 0.35 EPS for the current fiscal year.

Brightstar Lottery Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, August 18th. Brightstar Lottery’s dividend payout ratio is currently 70.77%.

Brightstar Lottery Company Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.