Brightstar Lottery (NYSE:BRSL) Hits New 12-Month Low – Here’s Why

Brightstar Lottery (NYSE:BRSL) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.12 and last traded at $10.1380, with a volume of 69367 shares. The stock had previously closed at $10.35.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BRSL shares. BNP Paribas Exane started coverage on shares of Brightstar Lottery in a research report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target on the stock. Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Argus lowered shares of Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brightstar Lottery in a report on Wednesday, July 1st. They set a “buy” rating and a $15.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.77.

Brightstar Lottery Trading Down 1.3%

The company has a market capitalization of $1.88 billion, a PE ratio of 12.10 and a beta of 1.00. The stock has a 50-day moving average of $11.02. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 1.79.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts forecast that Brightstar Lottery will post 0.4 EPS for the current year.

Brightstar Lottery Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were paid a $0.23 dividend. The ex-dividend date was Thursday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 9.2%. Brightstar Lottery’s dividend payout ratio is 110.84%.

Institutional Investors Weigh In On Brightstar Lottery

Large investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. acquired a new position in Brightstar Lottery in the 4th quarter worth $31,000. Knott David M Jr purchased a new position in Brightstar Lottery in the 1st quarter valued at about $32,000. NewEdge Advisors LLC acquired a new stake in shares of Brightstar Lottery during the fourth quarter valued at about $32,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Brightstar Lottery during the fourth quarter valued at about $52,000. Finally, Empowered Funds LLC purchased a new stake in shares of Brightstar Lottery during the fourth quarter worth about $57,000. 44.33% of the stock is owned by institutional investors and hedge funds.

Brightstar Lottery Company Profile

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.