Scientific Games Corp. (SGMS) Trading Up 2.1%
Scientific Games Corp. (NASDAQ:SGMS) was up 2.1% during mid-day trading on Monday . The company traded as high as $8.96 and last traded at $8.93, with a volume of 253,302 shares changing hands. The stock had previously closed at $8.75.
A number of equities research analysts have issued reports on SGMS shares. Bank of America Corp. reaffirmed a “sell” rating and issued a $6.00 price target on shares of Scientific Games Corp. in a research report on Friday, May 6th. Zacks Investment Research lowered Scientific Games Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $5.70 price target (up previously from $5.00) on shares of Scientific Games Corp. in a research report on Thursday, May 26th. Telsey Advisory Group reduced their price target on Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Friday, May 6th. Finally, Sterne Agee CRT reaffirmed a “buy” rating and issued a $13.50 price target (down previously from $15.50) on shares of Scientific Games Corp. in a research report on Friday, May 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.02.
The stock’s market cap is $775.45 million. The stock has a 50-day moving average price of $9.72 and a 200-day moving average price of $9.05.
Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings results on Friday, August 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.81) by $0.22. The firm had revenue of $729.20 million for the quarter, compared to analysts’ expectations of $708.84 million. During the same period last year, the firm posted ($1.19) EPS. Analysts expect that Scientific Games Corp. will post ($3.22) earnings per share for the current fiscal year.
Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s 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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