Scientific Games Corp (NASDAQ:SGMS) to Release Quarterly Earnings on Monday
Scientific Games Corp (NASDAQ:SGMS) will issue its quarterly earnings data before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of ($0.51) per share for the quarter.
Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings results on Thursday, April 27th. The technology company reported ($0.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by $0.18. The company had revenue of $725.40 million during the quarter, compared to analysts’ expectations of $706.74 million. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts expect Scientific Games Corp to post $-2.42 EPS for the current fiscal year and $-0.82 EPS for the next fiscal year.
Shares of Scientific Games Corp (NASDAQ:SGMS) traded down 1.54% during mid-day trading on Monday, hitting $25.55. The company had a trading volume of 437,012 shares. The firm has a 50-day moving average price of $24.76 and a 200 day moving average price of $20.85. The firm’s market capitalization is $2.27 billion. Scientific Games Corp has a 52-week low of $8.07 and a 52-week high of $27.20.
Several research firms recently weighed in on SGMS. Stifel Nicolaus reiterated a “hold” rating and issued a $24.00 target price on shares of Scientific Games Corp in a report on Friday. BidaskClub downgraded shares of Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Scientific Games Corp from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Tuesday, May 2nd. ValuEngine upgraded shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Telsey Advisory Group lifted their target price on shares of Scientific Games Corp from $20.00 to $24.00 and gave the company a “market perform” rating in a report on Friday, April 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.50.
In other Scientific Games Corp news, Director Michael Gavin Isaacs sold 154,951 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $22.81, for a total value of $3,534,432.31. Following the completion of the transaction, the director now owns 110,542 shares of the company’s stock, valued at approximately $2,521,463.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 41.53% of the company’s stock.
About Scientific Games Corp
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its 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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