Brokerages forecast that Scientific Games Corp (NASDAQ:SGMS) will report $760.72 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Scientific Games Corp’s earnings, with estimates ranging from $755.57 million to $769.78 million. Scientific Games Corp reported sales of $720.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The business is scheduled to report its next earnings report on Wednesday, November 1st.

On average, analysts expect that Scientific Games Corp will report full year sales of $760.72 million for the current year, with estimates ranging from $3.04 billion to $3.07 billion. For the next year, analysts anticipate that the company will post sales of $3.16 billion per share, with estimates ranging from $3.11 billion to $3.19 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Scientific Games Corp.

Scientific Games Corp (NASDAQ:SGMS) last released its quarterly earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.08. The firm had revenue of $766.30 million during the quarter, compared to the consensus estimate of $732.93 million. During the same quarter in the prior year, the business posted ($0.59) earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis.

SGMS has been the subject of a number of research reports. Zacks Investment Research cut shares of Scientific Games Corp from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. ValuEngine upgraded shares of Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus upped their price target on shares of Scientific Games Corp from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

In related news, Director Michael Gavin Isaacs sold 68,036 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $38.85, for a total transaction of $2,643,198.60. Following the completion of the transaction, the director now owns 110,815 shares in the company, valued at $4,305,162.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James C. Kennedy sold 122,681 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the transaction, the executive vice president now owns 186,363 shares of the company’s stock, valued at approximately $6,921,521.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,850 shares of company stock valued at $7,281,691. 42.03% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Hanseatic Management Services Inc. raised its position in shares of Scientific Games Corp by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 54,440 shares of the technology company’s stock worth $1,421,000 after buying an additional 148 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Scientific Games Corp by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,640 shares of the technology company’s stock worth $133,000 after buying an additional 150 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Scientific Games Corp by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the technology company’s stock worth $548,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in shares of Scientific Games Corp by 0.7% in the second quarter. Arizona State Retirement System now owns 26,867 shares of the technology company’s stock worth $701,000 after buying an additional 200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Scientific Games Corp by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,600 shares of the technology company’s stock worth $274,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Shares of Scientific Games Corp (NASDAQ:SGMS) opened at 35.05 on Thursday. Scientific Games Corp has a 12-month low of $8.07 and a 12-month high of $39.25. The stock has a 50 day moving average of $32.80 and a 200-day moving average of $25.41. The company’s market capitalization is $3.13 billion.

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Scientific Games Corp Company Profile

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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