Scientific Games Corp (SGMS) Expected to Post Earnings of -$0.52 Per Share
Wall Street brokerages expect Scientific Games Corp (NASDAQ:SGMS) to post ($0.52) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Scientific Games Corp’s earnings, with estimates ranging from ($0.63) to ($0.31). Scientific Games Corp reported earnings per share of ($0.59) in the same quarter last year, which suggests a positive year over year growth rate of 11.9%. The business is expected to report its next earnings report on Friday, August 4th.
On average, analysts expect that Scientific Games Corp will report full year earnings of ($2.54) per share for the current fiscal year, with EPS estimates ranging from ($2.91) to ($1.89). For the next year, analysts expect that the firm will post earnings of ($1.39) per share, with EPS estimates ranging from ($1.91) to ($0.55). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Scientific Games Corp.
Scientific Games Corp (NASDAQ:SGMS) last announced its earnings results on Thursday, April 27th. The technology company reported ($0.92) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.74) by $0.18. The company had revenue of $725.40 million during the quarter, compared to the consensus estimate of $706.74 million. The company’s revenue was up 6.4% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on SGMS shares. Telsey Advisory Group boosted their price objective on shares of Scientific Games Corp from $20.00 to $24.00 and gave the company a “market perform” rating in a report on Friday, April 28th. Stifel Nicolaus boosted their price objective on shares of Scientific Games Corp from $22.00 to $24.00 and gave the company a “hold” rating in a report on Friday, April 28th. Zacks Investment Research lowered shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. BidaskClub raised shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, ValuEngine raised shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Scientific Games Corp currently has a consensus rating of “Hold” and a consensus price target of $23.50.
Shares of Scientific Games Corp (SGMS) traded down 2.96% during trading on Tuesday, reaching $26.25. The company had a trading volume of 1,293,172 shares. The stock’s market capitalization is $2.33 billion. Scientific Games Corp has a 1-year low of $8.07 and a 1-year high of $27.10. The company’s 50 day moving average is $24.03 and its 200-day moving average is $20.37.
In other Scientific Games Corp news, Director Michael Gavin Isaacs sold 154,951 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $22.81, for a total value of $3,534,432.31. Following the sale, the director now directly owns 110,542 shares of the company’s stock, valued at $2,521,463.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 41.53% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new stake in Scientific Games Corp during the first quarter valued at approximately $120,000. SG Americas Securities LLC acquired a new stake in Scientific Games Corp during the first quarter valued at approximately $130,000. State of Alaska Department of Revenue raised its stake in Scientific Games Corp by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,640 shares of the technology company’s stock valued at $133,000 after buying an additional 150 shares during the last quarter. Miles Capital Inc. raised its stake in Scientific Games Corp by 7.2% in the fourth quarter. Miles Capital Inc. now owns 14,150 shares of the technology company’s stock valued at $198,000 after buying an additional 948 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in Scientific Games Corp during the first quarter valued at approximately $211,000. 61.40% of the stock is currently owned by institutional investors.
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Scientific Games Corp Company Profile
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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