Analysts Anticipate Scientific Games Corp (SGMS) Will Announce Quarterly Sales of $808.53 Million

Equities research analysts expect Scientific Games Corp (NASDAQ:SGMS) to report sales of $808.53 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Scientific Games’ earnings. The lowest sales estimate is $800.80 million and the highest is $818.69 million. Scientific Games reported sales of $752.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The company is scheduled to announce its next quarterly earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Scientific Games will report full-year sales of $808.53 million for the current year, with estimates ranging from $3.06 billion to $3.08 billion. For the next year, analysts expect that the business will report sales of $3.27 billion per share, with estimates ranging from $3.20 billion to $3.36 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Scientific Games.

Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The company had revenue of $768.90 million for the quarter, compared to the consensus estimate of $748.56 million. During the same period in the prior year, the company earned ($1.13) EPS. The firm’s revenue was up 6.8% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Bank of America reissued a “buy” rating and set a $50.00 price objective (up from $38.00) on shares of Scientific Games in a research report on Wednesday, September 20th. Stifel Nicolaus boosted their price objective on shares of Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 18th. Finally, Craig Hallum reissued a “buy” rating and set a $56.00 price objective (up from $45.00) on shares of Scientific Games in a research report on Thursday, October 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $42.20.

Scientific Games (NASDAQ:SGMS) opened at $51.65 on Friday. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45. Scientific Games has a 1 year low of $15.00 and a 1 year high of $54.95.

In other news, Director Richard M. Haddrill sold 8,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $51.28, for a total value of $410,240.00. Following the sale, the director now directly owns 136,542 shares of the company’s stock, valued at approximately $7,001,873.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David L. Kennedy sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $48.26, for a total transaction of $1,930,400.00. Following the completion of the sale, the director now directly owns 63,551 shares in the company, valued at $3,066,971.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,384 shares of company stock worth $9,436,666. Insiders own 40.61% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Sylebra HK Co Ltd grew its position in shares of Scientific Games by 0.4% in the 2nd quarter. Sylebra HK Co Ltd now owns 8,619,044 shares of the technology company’s stock worth $224,957,000 after buying an additional 36,275 shares during the period. BlackRock Inc. grew its position in shares of Scientific Games by 1.4% in the 2nd quarter. BlackRock Inc. now owns 6,204,986 shares of the technology company’s stock worth $161,950,000 after buying an additional 84,128 shares during the period. Whale Rock Capital Management LLC grew its position in shares of Scientific Games by 48.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 2,093,468 shares of the technology company’s stock worth $95,986,000 after buying an additional 678,561 shares during the period. Renaissance Technologies LLC grew its position in shares of Scientific Games by 152.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,538,848 shares of the technology company’s stock worth $40,164,000 after buying an additional 928,800 shares during the period. Finally, State Street Corp grew its position in shares of Scientific Games by 5.4% in the 2nd quarter. State Street Corp now owns 1,279,638 shares of the technology company’s stock worth $33,399,000 after buying an additional 65,816 shares during the period. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

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Scientific Games 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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