Q2 2024 EPS Estimates for Inspired Entertainment, Inc. Lowered by Analyst (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – B. Riley dropped their Q2 2024 earnings per share (EPS) estimates for shares of Inspired Entertainment in a note issued to investors on Tuesday, April 16th. B. Riley analyst D. Bain now expects that the company will post earnings per share of $0.21 for the quarter, down from their prior forecast of $0.23. B. Riley currently has a “Buy” rating and a $21.00 target price on the stock. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.73 per share. B. Riley also issued estimates for Inspired Entertainment’s Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.26 EPS and FY2024 earnings at $0.74 EPS.

Inspired Entertainment (NASDAQ:INSE) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $97.50 million for the quarter. Inspired Entertainment had a negative return on equity of 16.61% and a net margin of 3.22%.

A number of other brokerages have also weighed in on INSE. Macquarie lowered Inspired Entertainment from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $10.00 in a report on Wednesday, January 17th. JMP Securities restated a “market outperform” rating and issued a $15.00 price objective on shares of Inspired Entertainment in a report on Tuesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.25.

Inspired Entertainment Stock Performance

Shares of INSE stock opened at $9.04 on Wednesday. The stock’s fifty day moving average is $9.48 and its two-hundred day moving average is $9.41. The firm has a market capitalization of $237.03 million, a P/E ratio of 36.16 and a beta of 1.42. Inspired Entertainment has a fifty-two week low of $6.12 and a fifty-two week high of $16.01.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cannell Capital LLC raised its holdings in shares of Inspired Entertainment by 11.0% during the 4th quarter. Cannell Capital LLC now owns 1,564,923 shares of the company’s stock worth $15,461,000 after acquiring an additional 155,251 shares during the period. BlackRock Inc. raised its holdings in shares of Inspired Entertainment by 2.9% during the 2nd quarter. BlackRock Inc. now owns 1,457,562 shares of the company’s stock worth $21,441,000 after acquiring an additional 41,574 shares during the period. Vanguard Group Inc. raised its holdings in shares of Inspired Entertainment by 9.2% during the 4th quarter. Vanguard Group Inc. now owns 662,531 shares of the company’s stock worth $6,546,000 after acquiring an additional 55,950 shares during the period. Portolan Capital Management LLC increased its position in shares of Inspired Entertainment by 104.1% during the 1st quarter. Portolan Capital Management LLC now owns 489,720 shares of the company’s stock worth $6,024,000 after purchasing an additional 249,794 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Inspired Entertainment by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 459,356 shares of the company’s stock worth $6,757,000 after purchasing an additional 17,497 shares during the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.