Playtika (PLTK) to Release Earnings on Thursday

Playtika (NASDAQ:PLTK) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Playtika to post earnings of $0.18 per share for the quarter. Playtika has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $640.27 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. Playtika’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. On average, analysts expect Playtika to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $7.93 on Thursday. Playtika has a twelve month low of $6.25 and a twelve month high of $9.23. The company has a market cap of $2.95 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.58 and a beta of 0.85. The business’s 50 day moving average price is $7.64 and its two-hundred day moving average price is $7.76.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Friday, September 20th. Playtika’s payout ratio is presently 70.18%.

Analyst Ratings Changes

A number of equities analysts have commented on PLTK shares. Roth Mkm reduced their price objective on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Wedbush reaffirmed an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. Finally, Morgan Stanley upped their price target on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Playtika currently has an average rating of “Hold” and a consensus target price of $9.29.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.