Scientific Games Corp. (SGMS) Shares Up 1%
Shares of Scientific Games Corp. (NASDAQ:SGMS) traded up 1% during mid-day trading on Wednesday . The company traded as high as $8.44 and last traded at $8.23, with a volume of 289,467 shares trading hands. The stock had previously closed at $8.15.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Scientific Games Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Deutsche Bank AG reissued a “hold” rating and issued a $7.00 price objective on shares of Scientific Games Corp. in a research note on Sunday, June 26th. Sterne Agee CRT reissued a “buy” rating and issued a $13.50 price objective (down from $15.50) on shares of Scientific Games Corp. in a research note on Friday, May 6th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $5.70 price objective (up from $5.00) on shares of Scientific Games Corp. in a research note on Thursday, May 26th. Finally, Bank of America Corp. reissued a “sell” rating and issued a $6.00 price objective on shares of Scientific Games Corp. in a research note on Friday, May 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Scientific Games Corp. currently has an average rating of “Hold” and an average target price of $11.02.
The stock’s market capitalization is $758.82 million. The company has a 50-day moving average price of $9.51 and a 200-day moving average price of $9.28.
Scientific Games Corp. (NASDAQ:SGMS) last announced its earnings results on Friday, August 5th. The company reported ($0.59) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.81) by $0.22. The company had revenue of $729.20 million for the quarter, compared to analysts’ expectations of $708.84 million. During the same period last year, the business earned ($1.19) EPS. Equities analysts predict that Scientific Games Corp. will post ($3.22) earnings per share for the current 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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