Equities analysts expect Scientific Games Corp (NASDAQ:SGMS) to report ($0.25) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Scientific Games’ earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.50). Scientific Games reported earnings of ($0.82) per share in the same quarter last year, which indicates a positive year over year growth rate of 69.5%. The firm is expected to announce its next earnings report after the market closes on Wednesday, February 28th.
On average, analysts expect that Scientific Games will report full year earnings of ($2.47) per share for the current financial year, with EPS estimates ranging from ($2.53) to ($2.41). For the next year, analysts expect that the company will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.73) to $0.36. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Scientific Games.
SGMS has been the topic of a number of recent research reports. BidaskClub downgraded shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Stifel Nicolaus reiterated a “hold” rating and set a $55.00 price target on shares of Scientific Games in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.20.
In other Scientific Games news, Director Richard M. Haddrill sold 8,000 shares of Scientific Games stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $51.28, for a total transaction of $410,240.00. Following the completion of the transaction, the director now directly owns 136,542 shares of the company’s stock, valued at $7,001,873.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Regan sold 17,000 shares of Scientific Games stock in a transaction on Monday, November 13th. The shares were sold at an average price of $46.88, for a total value of $796,960.00. The disclosure for this sale can be found here. 40.61% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund lifted its holdings in shares of Scientific Games by 2.1% during the second quarter. New York State Common Retirement Fund now owns 253,364 shares of the technology company’s stock valued at $6,613,000 after acquiring an additional 5,149 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Scientific Games during the second quarter valued at $291,000. BlackRock Inc. lifted its holdings in shares of Scientific Games by 1.4% during the second quarter. BlackRock Inc. now owns 6,204,986 shares of the technology company’s stock valued at $161,950,000 after acquiring an additional 84,128 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Scientific Games by 4.8% during the third quarter. California Public Employees Retirement System now owns 117,591 shares of the technology company’s stock valued at $5,392,000 after acquiring an additional 5,391 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Scientific Games during the third quarter valued at $2,584,000. 64.33% of the stock is owned by institutional investors.
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About Scientific Games
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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