Scientific Games Corp. (SGMS) Shares Down 1.8%
Shares of Scientific Games Corp. (NASDAQ:SGMS) traded down 1.8% during trading on Thursday . The stock traded as low as $8.36 and last traded at $8.38, with a volume of 197,570 shares changing hands. The stock had previously closed at $8.53.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Scientific Games Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and set a $7.00 price objective on shares of Scientific Games Corp. in a report on Sunday, June 26th. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $5.70 price objective (up previously from $5.00) on shares of Scientific Games Corp. in a report on Thursday, May 26th. Bank of America Corp. reiterated a “sell” rating and set a $6.00 price objective on shares of Scientific Games Corp. in a report on Friday, May 6th. Finally, Sterne Agee CRT reiterated a “buy” rating and set a $13.50 price objective (down previously from $15.50) on shares of Scientific Games Corp. in a report on Friday, May 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Scientific Games Corp. presently has an average rating of “Hold” and an average price target of $11.02.
The stock has a 50-day moving average price of $9.65 and a 200 day moving average price of $9.18. The stock’s market capitalization is $734.32 million.
Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings results on Friday, August 5th. The company reported ($0.59) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.81) by $0.22. The business earned $729.20 million during the quarter, compared to analyst estimates of $708.84 million. During the same quarter last year, the firm earned ($1.19) EPS. Equities research analysts forecast that Scientific Games Corp. will post ($3.22) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Scientific Games Corp. stock. Schwab Charles Investment Management Inc. increased its stake in shares of Scientific Games Corp. (NASDAQ:SGMS) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,588 shares of the company’s stock after buying an additional 6,001 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.21% of Scientific Games Corp. worth $1,638,000 at the end of the most recent reporting period.
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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