Iao Kun Group Holding (IKGH) Announces Quarterly Earnings Results, Misses Expectations By $0.13 EPS
Iao Kun Group Holding (NASDAQ:IKGH) issued its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.13, American Banking & Market News reports. The company had revenue of $49.69 million for the quarter, compared to the consensus estimate of $60.60 million. The company’s quarterly revenue was down 21.7% on a year-over-year basis.
On a related note, analysts at Sterne Agee raised their price target on shares of Iao Kun Group Holding from $5.50 to $5.90 in a research note on Friday, May 30th. They now have a “buy” rating on the stock.
Shares of Iao Kun Group Holding (NASDAQ:IKGH) opened at 3.136 on Thursday. Iao Kun Group Holding has a 1-year low of $2.57 and a 1-year high of $4.20. The stock’s 50-day moving average is $3.15 and its 200-day moving average is $3.11. The company has a market cap of $181.5 million and a P/E ratio of 136.35.
Iao Kun Group Holding Co Ltd, formerly Asia Entertainment & Resources Ltd. is a holding company that conducts its primary business operations through its wholly owned subsidiary, Asia Gaming & Resort Limited (NASDAQ:IKGH), and its subsidiaries.
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