Scientific Games (NASDAQ:SGMS) will release its earnings data after the market closes on Thursday, August 1st. Analysts expect Scientific Games to post earnings of $0.02 per share for the quarter.
Scientific Games (NASDAQ:SGMS) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.19. Scientific Games had a negative return on equity of 0.60% and a negative net margin of 5.15%. The company had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $832.28 million. During the same period in the previous year, the firm posted ($2.24) earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect Scientific Games to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ SGMS traded up $0.58 during trading on Tuesday, reaching $20.59. The company had a trading volume of 65,623 shares, compared to its average volume of 1,073,029. Scientific Games has a twelve month low of $14.79 and a twelve month high of $49.90. The stock has a market capitalization of $1.88 billion, a PE ratio of -37.91, a PEG ratio of 63.76 and a beta of 2.28. The business’s 50-day simple moving average is $19.60.
A number of research firms have recently weighed in on SGMS. Telsey Advisory Group reissued an “outperform” rating and issued a $31.00 price target (down from $36.00) on shares of Scientific Games in a report on Wednesday, May 8th. Deutsche Bank cut Ontex Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, BidaskClub cut Zai Lab from a “strong-buy” rating to a “buy” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.00.
In other news, Director Ronald O. Perelman purchased 110,000 shares of the stock in a transaction on Monday, June 17th. The stock was purchased at an average price of $19.73 per share, with a total value of $2,170,300.00. Following the completion of the transaction, the director now owns 7,519 shares in the company, valued at $148,349.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald O. Perelman purchased 120,000 shares of the stock in a transaction on Wednesday, June 19th. The shares were purchased at an average cost of $20.29 per share, with a total value of $2,434,800.00. Following the transaction, the director now owns 7,519 shares of the company’s stock, valued at approximately $152,560.51. The disclosure for this purchase can be found here. 40.60% of the stock is currently owned by insiders.
Scientific Games Company Profile
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.
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