Bally Technologies (BYI) to Release Quarterly Earnings on Wednesday
Bally Technologies (NYSE:BYI) is scheduled to issue its Q114 quarterly earnings data on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.90 per share and revenue of $248.92 million for the quarter. Bally Technologies has set its FY14 guidance at $3.70-4.05 EPS.
Bally Technologies (NYSE:BYI) last announced its earnings results on Thursday, August 15th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.01. The company had revenue of $264.40 million for the quarter, compared to the consensus estimate of $256.36 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts expect Bally Technologies to post $3.94 EPS for the current fiscal year and $4.23 EPS for the next fiscal year.
Shares of Bally Technologies (NYSE:BYI) traded up 0.60% during mid-day trading on Tuesday, hitting $73.50. 499,855 shares of the company’s stock traded hands. Bally Technologies has a 1-year low of $43.16 and a 1-year high of $75.61. The stock’s 50-day moving average is $72.75 and its 200-day moving average is $59.10. The company has a market cap of $2.814 billion and a P/E ratio of 21.18.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Bally Technologies in a research note to investors on Monday. They set a “neutral” rating on the stock. On a related note, analysts at McLean Capital Management downgraded shares of Bally Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 11th. Finally, analysts at BMO Capital Markets reiterated a “buy” rating on shares of Bally Technologies in a research note to investors on Friday, September 27th. They now have a $85.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Bally Technologies currently has a consensus rating of “Hold” and an average target price of $79.64.
In other Bally Technologies news, Director Richard M. Haddrill sold 20,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $69.95, for a total value of $1,399,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Bally Technologies, Inc (NYSE:BYI) is a global gaming company, which designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications.
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