Shares of Scientific Games Corp (NASDAQ:SGMS) have been given a consensus rating of “Hold” by the eleven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $29.00.
A number of equities research analysts have commented on SGMS shares. Deutsche Bank lowered their target price on Scientific Games from $26.00 to $22.00 and set an “in-line” rating on the stock in a report on Wednesday, May 8th. ValuEngine upgraded Scientific Games from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded Scientific Games from a “sell” rating to a “hold” rating in a report on Friday. Finally, Telsey Advisory Group reiterated 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.
In other Scientific Games news, Director Ronald O. Perelman purchased 110,000 shares of Scientific Games stock in a transaction on Monday, June 17th. The shares were bought at an average price of $19.73 per share, with a total value of $2,170,300.00. Following the purchase, the director now directly owns 7,519 shares in the company, valued at approximately $148,349.87. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald O. Perelman purchased 120,000 shares of Scientific Games stock in a transaction on Wednesday, June 19th. The shares were acquired at an average cost of $20.29 per share, for a total transaction of $2,434,800.00. Following the purchase, the director now owns 7,519 shares in the company, valued at $152,560.51. The disclosure for this purchase can be found here. 40.60% of the stock is currently owned by corporate insiders.
Shares of SGMS traded down $0.22 on Friday, reaching $20.55. The stock had a trading volume of 3,847,357 shares, compared to its average volume of 1,053,103. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -38.06, a PEG ratio of 72.18 and a beta of 2.21. The company’s 50-day moving average is $19.59. Scientific Games has a twelve month low of $14.79 and a twelve month high of $39.60.
Scientific Games (NASDAQ:SGMS) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.19. The firm had revenue of $837.00 million for the quarter, compared to analysts’ expectations of $832.28 million. Scientific Games had a negative return on equity of 0.60% and a negative net margin of 5.15%. Scientific Games’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($2.24) EPS. As a group, equities research analysts anticipate that Scientific Games will post 0.03 EPS for the current fiscal year.
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.
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