Scientific Games Corp. (SGMS) Trading 3% Higher
Scientific Games Corp. (NASDAQ:SGMS) traded up 3% during mid-day trading on Friday . The stock traded as high as $10.32 and last traded at $10.31, with a volume of 312,834 shares traded. The stock had previously closed at $10.01.
Several equities research analysts have issued reports on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $7.00 price objective on shares of Scientific Games Corp. in a research note on Sunday, June 26th. Sterne Agee CRT reiterated a “buy” rating and set a $13.50 price objective (down from $15.50) on shares of Scientific Games Corp. in a research note on Friday, May 6th. Telsey Advisory Group decreased their price objective on shares of Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Friday, May 6th. Zacks Investment Research downgraded shares of Scientific Games Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, Bank of America Corp. reiterated a “sell” rating and set a $6.00 price objective on shares of Scientific Games Corp. in a research note on Friday, May 6th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Scientific Games Corp. presently has an average rating of “Hold” and a consensus target price of $11.29.
The stock’s 50 day moving average is $9.62 and its 200-day moving average is $8.61. The company’s market cap is $898.09 million.
Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.97) by $0.10. During the same period last year, the business earned ($1.01) earnings per share. The firm had revenue of $682 million for the quarter, compared to analyst estimates of $693.88 million. Equities analysts predict that Scientific Games Corp. will post ($3.29) EPS for the current fiscal year.
Other hedge funds recently bought and sold shares of the company. Gabelli Funds LLC raised its stake in Scientific Games Corp. by 5.3% in the fourth quarter. Gabelli Funds LLC now owns 345,000 shares of the company’s stock worth $3,095,000 after buying an additional 17,500 shares during the period. Morgan Stanley raised its position in shares of Scientific Games Corp. by 32.6% in the fourth quarter. Morgan Stanley now owns 1,224,805 shares of the company’s stock valued at $10,987,000 after buying an additional 300,998 shares during the last quarter. Finally, Russell Frank Co raised its position in shares of Scientific Games Corp. by 33.1% in the fourth quarter. Russell Frank Co now owns 220,195 shares of the company’s stock valued at $1,956,000 after buying an additional 54,706 shares during the last quarter.
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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