Scientific Games Corp (SGMS) to Release Earnings on Wednesday
Scientific Games Corp (NASDAQ:SGMS) is set to release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Scientific Games Corp to post earnings of ($0.40) per share for the quarter.
Scientific Games Corp (NASDAQ:SGMS) last posted its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.52) by $0.08. The company had revenue of $766.30 million for the quarter, compared to analyst estimates of $732.93 million. During the same period in the prior year, the company earned ($0.59) EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, analysts expect Scientific Games Corp to post $-2.25 EPS for the current fiscal year and $-0.88 EPS for the next fiscal year.
Scientific Games Corp (SGMS) opened at 43.85 on Wednesday. The firm’s market cap is $3.92 billion. The stock’s 50 day moving average is $42.59 and its 200-day moving average is $31.52. Scientific Games Corp has a 1-year low of $10.90 and a 1-year high of $48.05.
In related news, Director Gabrielle K. Mcdonald sold 2,133 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total value of $82,120.50. Following the transaction, the director now directly owns 7,173 shares of the company’s stock, valued at approximately $276,160.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James C. Kennedy sold 122,681 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.14, for a total value of $4,556,372.34. Following the completion of the transaction, the executive vice president now directly owns 186,363 shares in the company, valued at $6,921,521.82. The disclosure for this sale can be found here. 41.53% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on SGMS. Zacks Investment Research downgraded Scientific Games Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Craig Hallum reaffirmed a “buy” rating and set a $56.00 price target (up from $45.00) on shares of Scientific Games Corp in a research note on Thursday, October 5th. Stifel Nicolaus raised their price target on Scientific Games Corp from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 18th. Bank of America Corporation reaffirmed a “buy” rating and set a $50.00 price target (up from $38.00) on shares of Scientific Games Corp in a research note on Wednesday, September 20th. Finally, BidaskClub downgraded Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Scientific Games Corp presently has a consensus rating of “Buy” and a consensus target price of $42.20.
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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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