$0.01 Earnings Per Share Expected for Scientific Games Corp (NASDAQ:SGMS) This Quarter

Analysts expect Scientific Games Corp (NASDAQ:SGMS) to report earnings of $0.01 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Scientific Games’ earnings, with estimates ranging from ($0.03) to $0.10. Scientific Games posted earnings per share of ($0.14) during the same quarter last year, which indicates a positive year over year growth rate of 107.1%. The company is expected to announce its next earnings report on Thursday, November 14th.

On average, analysts expect that Scientific Games will report full year earnings of ($0.75) per share for the current year, with EPS estimates ranging from ($0.97) to $0.12. For the next financial year, analysts expect that the firm will report earnings of $0.68 per share, with EPS estimates ranging from $0.46 to $0.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Scientific Games.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.19. Scientific Games had a negative return on equity of 0.50% and a negative net margin of 7.25%. The firm had revenue of $837.00 million during the quarter, compared to analyst estimates of $832.28 million. During the same quarter in the prior year, the business posted ($2.24) EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year.

Several brokerages have recently commented on SGMS. ValuEngine upgraded Scientific Games from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub upgraded Scientific Games from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Deutsche Bank reduced their target price on Scientific Games from $26.00 to $22.00 and set an “in-line” rating for the company in a research note on Wednesday, May 8th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $31.00 target price (down previously from $36.00) on shares of Scientific Games in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Scientific Games has an average rating of “Hold” and a consensus target price of $26.17.

Shares of SGMS traded down $0.79 during midday trading on Friday, hitting $19.31. 77,962 shares of the company’s stock traded hands, compared to its average volume of 1,255,334. Scientific Games has a 1 year low of $14.79 and a 1 year high of $35.35. The company’s fifty day moving average is $19.59. The firm has a market cap of $1.86 billion, a PE ratio of -36.11, a price-to-earnings-growth ratio of 72.53 and a beta of 2.21.

In related news, Director Ronald O. Perelman purchased 110,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were bought at an average cost of $19.73 per share, with a total value of $2,170,300.00. Following the transaction, the director now owns 7,519 shares of the company’s stock, valued at $148,349.87. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald O. Perelman purchased 120,000 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were bought at an average cost of $20.29 per share, for a total transaction of $2,434,800.00. Following the completion of the transaction, the director now directly owns 7,519 shares in the company, valued at approximately $152,560.51. The disclosure for this purchase can be found here. 40.60% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Signition LP acquired a new position in Scientific Games during the second quarter worth about $229,000. SCP Investment LP acquired a new stake in shares of Scientific Games in the 2nd quarter valued at approximately $1,189,000. Balter Liquid Alternatives LLC raised its position in shares of Scientific Games by 92.2% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 18,931 shares of the technology company’s stock valued at $375,000 after acquiring an additional 9,083 shares during the period. Cowen Prime Services LLC acquired a new stake in shares of Scientific Games in the 2nd quarter valued at approximately $3,729,000. Finally, Dupont Capital Management Corp raised its position in shares of Scientific Games by 32.7% in the 2nd quarter. Dupont Capital Management Corp now owns 6,900 shares of the technology company’s stock valued at $137,000 after acquiring an additional 1,700 shares during the period. Hedge funds and other institutional investors own 64.29% of the company’s stock.

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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