Wall Street brokerages expect Scientific Games Corp (NASDAQ:SGMS) to post earnings of ($0.22) per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Scientific Games’ earnings, with the highest EPS estimate coming in at ($0.18) and the lowest estimate coming in at ($0.26). Scientific Games posted earnings per share of ($0.82) in the same quarter last year, which would suggest a positive year-over-year growth rate of 73.2%. The company is expected to report its next earnings results on Thursday, March 1st.
On average, analysts expect that Scientific Games will report full-year earnings of ($2.47) per share for the current fiscal year, with EPS estimates ranging from ($2.53) to ($2.41). For the next year, analysts forecast that the business will post earnings of ($0.41) per share, with EPS estimates ranging from ($0.81) to $0.36. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Scientific Games.
Scientific Games (NASDAQ:SGMS) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to the consensus estimate of $748.56 million. During the same period in the previous year, the business earned ($1.13) EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year.
Shares of Scientific Games (NASDAQ:SGMS) traded up $0.15 during mid-day trading on Friday, reaching $51.65. The company’s stock had a trading volume of 713,167 shares, compared to its average volume of 2,774,925. The company has a quick ratio of 1.45, a current ratio of 1.83 and a debt-to-equity ratio of -4.07. Scientific Games has a one year low of $15.00 and a one year high of $54.95. The firm has a market cap of $4,620.00, a price-to-earnings ratio of -14.76 and a beta of 2.65.
In other news, Director Richard M. Haddrill sold 8,000 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $51.28, for a total transaction of $410,240.00. Following the sale, the director now directly owns 136,542 shares of the company’s stock, valued at $7,001,873.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Regan sold 17,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $46.88, for a total value of $796,960.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 195,384 shares of company stock valued at $9,436,666. Insiders own 40.61% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund raised its position in shares of Scientific Games by 2.1% during the second quarter. New York State Common Retirement Fund now owns 253,364 shares of the technology company’s stock worth $6,613,000 after purchasing an additional 5,149 shares during the period. Sylebra HK Co Ltd raised its position in shares of Scientific Games by 0.4% during the second quarter. Sylebra HK Co Ltd now owns 8,619,044 shares of the technology company’s stock worth $224,957,000 after purchasing an additional 36,275 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Scientific Games during the second quarter worth $291,000. BlackRock Inc. raised its position in shares of Scientific Games by 1.4% during the second quarter. BlackRock Inc. now owns 6,204,986 shares of the technology company’s stock worth $161,950,000 after purchasing an additional 84,128 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Scientific Games by 10.9% during the third quarter. Prudential Financial Inc. now owns 102,025 shares of the technology company’s stock worth $4,678,000 after purchasing an additional 10,051 shares during the period. 63.95% of the stock is currently owned by institutional investors.
About Scientific Games
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Scientific Games Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games and related companies with MarketBeat.com's FREE daily email newsletter.