Share on StockTwits

Scientific Games Corp. (NASDAQ:SGMS)’s share price reached a new 52-week low during mid-day trading on Wednesday following a dissappointing earnings announcement, Analyst Ratings News reports. The company traded as low as $7.60 and last traded at $7.60, with a volume of 2,718,113 shares traded. The stock had previously closed at $8.49.

The company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by $0.59. The company had revenue of $416.90 million for the quarter, compared to the consensus estimate of $413.72 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 77.4% on a year-over-year basis.

Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Scientific Games Corp. from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $90.00 price target on the stock, up previously from $83.30. Separately, analysts at Buckingham Research initiated coverage on shares of Scientific Games Corp. in a research note on Friday, June 27th. They set a “neutral” rating and a $11.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Scientific Games Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, May 23rd. They now have a $8.50 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.90.

The stock’s 50-day moving average is $10.03 and its 200-day moving average is $11.78. The company’s market cap is $640.5 million.

Scientific Games Corporation (NASDAQ:SGMS) is a global supplier of solutions to lottery and gaming organizations worldwide.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.