Scientific Games Corp (NASDAQ:SGMS) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $29.00.
Several analysts recently weighed in on SGMS shares. BidaskClub cut shares of Scientific Games from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Credit Suisse Group restated an “underperform” rating and set a $21.00 target price on shares of Scientific Games in a report on Wednesday, March 20th. Telsey Advisory Group restated an “outperform” rating and set a $31.00 target price (down previously from $36.00) on shares of Scientific Games in a report on Wednesday, May 8th. Finally, Deutsche Bank dropped their target price on shares of Scientific Games from $26.00 to $22.00 and set an “in-line” rating on the stock in a report on Wednesday, May 8th.
SGMS traded up $0.44 on Tuesday, reaching $19.99. The company had a trading volume of 1,510,782 shares, compared to its average volume of 1,254,315. The business has a 50 day moving average of $19.73. The stock has a market capitalization of $1.86 billion, a P/E ratio of -37.02, a price-to-earnings-growth ratio of 63.13 and a beta of 2.27. Scientific Games has a 52-week low of $14.79 and a 52-week high of $51.53.
Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.19. The firm had revenue of $837.00 million for the quarter, compared to the consensus estimate of $832.28 million. Scientific Games had a negative net margin of 5.15% and a negative return on equity of 0.60%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted ($2.24) earnings per share. Equities research analysts anticipate that Scientific Games will post 0.03 earnings per share for the current fiscal year.
In related news, Director Ronald O. Perelman purchased 110,000 shares of the stock in a transaction dated 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 transaction, the director now directly 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 this link. Also, Director Ronald O. Perelman purchased 120,000 shares of the stock in a transaction dated Wednesday, June 19th. The stock was bought 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 in the company, valued at $152,560.51. The disclosure for this purchase can be found here. Insiders own 40.48% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of SGMS. Van ECK Associates Corp raised its position in shares of Scientific Games by 17.8% in the 4th quarter. Van ECK Associates Corp now owns 7,252 shares of the technology company’s stock worth $130,000 after purchasing an additional 1,094 shares during the last quarter. HRT Financial LLC purchased a new position in shares of Scientific Games in the 4th quarter worth about $213,000. Sciencast Management LP purchased a new position in shares of Scientific Games in the 1st quarter worth about $222,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Scientific Games in the 4th quarter worth about $236,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Scientific Games by 707.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,718 shares of the technology company’s stock worth $239,000 after purchasing an additional 10,266 shares during the last quarter. 65.21% of the stock is owned by hedge funds and other institutional investors.
About Scientific Games
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.
Further Reading: Outstanding Shares
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