Brightstar Lottery (NYSE:BRSL) Given Average Rating of “Hold” by Brokerages

Brightstar Lottery (NYSE:BRSL) has received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.92.

BRSL has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on Brightstar Lottery in a research note on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target for the company. Susquehanna dropped their price target on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research note on Thursday, May 14th. Weiss Ratings lowered Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Finally, Truist Financial lowered their price objective on Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, May 13th.

Brightstar Lottery Trading Down 2.2%

Shares of Brightstar Lottery stock opened at $11.26 on Friday. The company’s 50 day moving average price is $12.12. Brightstar Lottery has a 12 month low of $10.42 and a 12 month high of $18.57. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 13.57 and a beta of 0.99. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88.

Brightstar Lottery (NYSE:BRSL) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The firm had revenue of $587.00 million for the quarter. Brightstar Lottery’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Brightstar Lottery will post 0.79 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s dividend payout ratio (DPR) is presently 110.84%.

Institutional Investors Weigh In On Brightstar Lottery

Institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $7,388,000. HighTower Advisors LLC bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $4,541,000. Royce & Associates LP bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $24,887,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $4,270,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at approximately $2,574,000. 44.33% of the stock is owned by institutional investors.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.