-$0.35 EPS Expected for Scientific Games Corp (SGMS) This Quarter
Wall Street analysts forecast that Scientific Games Corp (NASDAQ:SGMS) will report earnings per share of ($0.35) for the current quarter, according to Zacks. Four analysts have made estimates for Scientific Games Corp’s earnings. The highest EPS estimate is ($0.28) and the lowest is ($0.48). Scientific Games Corp reported earnings per share of ($1.13) in the same quarter last year, which suggests a positive year over year growth rate of 69%. The company is expected to announce its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Scientific Games Corp will report full-year earnings of ($2.21) per share for the current year, with EPS estimates ranging from ($2.46) to ($2.00). For the next fiscal year, analysts expect that the firm will post earnings of ($0.91) per share, with EPS estimates ranging from ($1.45) to ($0.43). Zacks’ EPS averages are an average based on a survey of analysts that cover Scientific Games Corp.
Scientific Games Corp (NASDAQ:SGMS) last issued its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.08. The business had revenue of $766.30 million during the quarter, compared to analyst estimates of $732.93 million. During the same period in the previous year, the business posted ($0.59) earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis.
A number of research analysts have commented on SGMS shares. Stifel Nicolaus boosted their target price on Scientific Games Corp from $24.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Thursday, July 20th. Finally, ValuEngine upgraded Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Scientific Games Corp has a consensus rating of “Hold” and a consensus target price of $30.00.
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Shares of Scientific Games Corp (NASDAQ SGMS) opened at 38.40 on Friday. Scientific Games Corp has a 52 week low of $10.36 and a 52 week high of $39.25. The firm has a 50-day moving average price of $35.76 and a 200-day moving average price of $26.98. The firm’s market capitalization is $3.43 billion.
In other news, EVP James C. Kennedy sold 122,681 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the completion of the sale, the executive vice president now owns 186,363 shares in the company, valued at approximately $6,921,521.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Gavin Isaacs sold 68,036 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $38.85, for a total value of $2,643,198.60. Following the sale, the director now owns 110,815 shares of the company’s stock, valued at approximately $4,305,162.75. The disclosure for this sale can be found here. Insiders sold 192,850 shares of company stock worth $7,281,691 in the last 90 days. Corporate insiders own 42.03% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sylebra HK Co Ltd boosted its stake in shares of Scientific Games Corp by 0.4% during the 2nd quarter. Sylebra HK Co Ltd now owns 8,619,044 shares of the technology company’s stock worth $224,957,000 after acquiring an additional 36,275 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Scientific Games Corp by 1.4% during the 2nd quarter. BlackRock Inc. now owns 6,204,986 shares of the technology company’s stock worth $161,950,000 after acquiring an additional 84,128 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Scientific Games Corp by 27.6% during the 1st quarter. Vanguard Group Inc. now owns 5,916,233 shares of the technology company’s stock worth $139,918,000 after acquiring an additional 1,278,837 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Scientific Games Corp by 152.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,538,848 shares of the technology company’s stock worth $40,164,000 after acquiring an additional 928,800 shares in the last quarter. Finally, Whale Rock Capital Management LLC bought a new stake in shares of Scientific Games Corp during the 2nd quarter worth about $36,929,000. Institutional investors own 62.90% of the company’s stock.
About Scientific Games Corp
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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