Multimedia Games Holding Co. Inc. (MGAM) Issues FY13 Earnings Guidance
Multimedia Games Holding Co. Inc. (NASDAQ:MGAM) updated its FY13 earnings guidance on Monday. The company provided EPS guidance of $1.07-1.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $187.7-190.3 million, compared to the consensus revenue estimate of $189.29 million.
MGAM has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott downgraded shares of Multimedia Games Holding Co. (NASDAQ:MGAM) from a buy rating to a neutral rating in a research note to investors on Monday, September 9th. They now have a $38.00 price target on the stock. On a related note, analysts at Imperial Capital raised their price target on shares of Multimedia Games Holding Co. (NASDAQ:MGAM) from $33.00 to $39.00 in a research note to investors on Tuesday, August 6th. They now have an outperform rating on the stock. Finally, analysts at Zacks upgraded shares of Multimedia Games Holding Co. (NASDAQ:MGAM) from a neutral rating to an outperform rating in a research note to investors on Wednesday, July 31st. They now have a $35.60 price target on the stock.
One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $36.65.
Multimedia Games Holding Co. Inc. (NASDAQ:MGAM) traded up 0.06% during mid-day trading on Monday, hitting $35.05. 301,984 shares of the company’s stock traded hands. Multimedia Games Holding Co. Inc. has a 52 week low of $13.26 and a 52 week high of $40.15. The stock has a 50-day moving average of $36.20 and a 200-day moving average of $27.54. The company has a market cap of $1.015 billion and a P/E ratio of 32.17.
Multimedia Games Holding Co. (NASDAQ:MGAM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. On average, analysts predict that Multimedia Games Holding Co. Inc. will post $1.09 earnings per share for the current fiscal year.
In other Multimedia Games Holding Co. news, VP Joaquin J. Aviles unloaded 5,000 shares of Multimedia Games Holding Co. stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $38.24, for a total value of $191,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Multimedia Games Holding Company, Inc, formerly Multimedia Games, Inc, designs, manufactures and supplies gaming machines and systems to casino operators in North America, domestic and selected international lottery operators, and commercial bingo gaming facility operators.
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