Scientific Games Corp (NASDAQ:SGMS) is set to release its earnings data before the market opens on Monday, July 24th. Analysts expect Scientific Games Corp to post earnings of ($0.51) per share for the quarter.
Scientific Games Corp (NASDAQ:SGMS) last announced its earnings results on Thursday, April 27th. The technology company reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.74) by $0.18. The business had revenue of $725.40 million for the quarter, compared to analyst estimates of $706.74 million. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts expect Scientific Games Corp to post $-2.48 EPS for the current fiscal year and $-1.32 EPS for the next fiscal year.
Shares of Scientific Games Corp (NASDAQ:SGMS) opened at 26.85 on Friday. Scientific Games Corp has a 52 week low of $8.07 and a 52 week high of $27.40. The firm’s 50-day moving average is $25.67 and its 200-day moving average is $21.95. The stock’s market capitalization is $2.38 billion.
Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of Scientific Games Corp from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, May 2nd. ValuEngine upgraded shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Finally, Telsey Advisory Group lifted their price objective on shares of Scientific Games Corp from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, April 28th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $24.50.
In other news, Director Michael Gavin Isaacs sold 154,951 shares of Scientific Games Corp stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $22.81, for a total transaction of $3,534,432.31. Following the completion of the sale, the director now directly owns 110,542 shares in the company, valued at $2,521,463.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 42.03% of the company’s stock.
About Scientific Games Corp
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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