Scientific Games Corp (SGMS) Expected to Post Earnings of -$0.52 Per Share
Brokerages expect that Scientific Games Corp (NASDAQ:SGMS) will report earnings per share (EPS) of ($0.52) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Scientific Games Corp’s earnings. The lowest EPS estimate is ($0.67) and the highest is ($0.31). Scientific Games Corp posted earnings per share of ($0.59) during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.9%. The firm is expected to announce its next earnings results before the market opens on Monday, July 24th.
On average, analysts expect that Scientific Games Corp will report full-year earnings of ($2.48) per share for the current financial year, with EPS estimates ranging from ($2.91) to ($1.89). For the next fiscal year, analysts expect that the business will post earnings of ($1.32) per share, with EPS estimates ranging from ($1.91) to ($0.55). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover Scientific Games Corp.
Scientific Games Corp (NASDAQ:SGMS) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported ($0.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.74) by $0.18. The firm had revenue of $725.40 million for the quarter, compared to analyst estimates of $706.74 million. The business’s quarterly revenue was up 6.4% compared to the same quarter last year.
SGMS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, May 2nd. ValuEngine upgraded shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Telsey Advisory Group raised their price objective on shares of Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a report on Friday, April 28th. BidaskClub upgraded shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus raised their price objective on shares of Scientific Games Corp from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.50.
In other Scientific Games Corp news, Director Michael Gavin Isaacs sold 154,951 shares of Scientific Games Corp 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 in the company, valued at approximately $2,521,463.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.03% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in shares of Scientific Games Corp by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the technology company’s stock valued at $548,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Scientific Games Corp by 80.2% in the second quarter. State of Alaska Department of Revenue now owns 10,163 shares of the technology company’s stock valued at $265,000 after buying an additional 4,523 shares during the last quarter. Private Advisory Group LLC acquired a new stake in shares of Scientific Games Corp during the first quarter valued at about $322,000. Caxton Associates LP acquired a new stake in shares of Scientific Games Corp during the first quarter valued at about $234,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Scientific Games Corp during the first quarter valued at about $519,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.
Scientific Games Corp (SGMS) remained flat at $26.85 during trading on Friday. The company’s stock had a trading volume of 1,275,099 shares. The company’s market cap is $2.38 billion. Scientific Games Corp has a 52 week low of $8.07 and a 52 week high of $27.40. The company has a 50-day moving average price of $25.67 and a 200 day moving average price of $21.95.
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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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