Brightstar Lottery (NYSE:BRSL) Receives Average Rating of “Hold” from Brokerages

Brightstar Lottery (NYSE:BRSL) has been given an average rating of “Hold” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $14.9333.

Several equities research analysts have recently issued reports on the company. Truist Financial decreased their price objective on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, May 13th. Susquehanna dropped their target price on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research note on Thursday, May 14th. Zacks Research downgraded Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Brightstar Lottery in a research note on Wednesday, July 1st. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Weiss Ratings cut Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in Brightstar Lottery during the fourth quarter valued at about $147,133,000. Brown Advisory Inc. purchased a new stake in shares of Brightstar Lottery during the 4th quarter worth about $44,820,000. State Street Corp acquired a new stake in Brightstar Lottery during the 4th quarter worth approximately $29,860,000. Royce & Associates LP purchased a new position in Brightstar Lottery in the fourth quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC purchased a new position in Brightstar Lottery in the fourth quarter valued at approximately $19,684,000. 44.33% of the stock is owned by hedge funds and other institutional investors.

Brightstar Lottery Price Performance

NYSE:BRSL opened at $10.90 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 13.13 and a beta of 1.00. The firm has a 50 day moving average price of $11.45. Brightstar Lottery has a 1-year low of $10.42 and a 1-year high of $18.57.

Brightstar Lottery (NYSE:BRSL) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The business’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Brightstar Lottery will post 0.4 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 8.4%. Brightstar Lottery’s payout ratio is currently 110.84%.

Brightstar Lottery Company Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.