Brightstar Lottery (NYSE:BRSL) Posts Earnings Results, Beats Expectations By $0.07 EPS

Brightstar Lottery (NYSE:BRSL) announced its earnings results on Tuesday. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07, Zacks reports. Brightstar Lottery had a return on equity of 7.82% and a net margin of 12.15%.

Brightstar Lottery Price Performance

Shares of BRSL stock opened at $13.07 on Tuesday. Brightstar Lottery has a 12-month low of $12.76 and a 12-month high of $18.57. The firm has a market capitalization of $2.64 billion, a PE ratio of 8.66 and a beta of 1.07. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.74 and a quick ratio of 0.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in shares of Brightstar Lottery in the fourth quarter worth about $147,133,000. State Street Corp acquired a new position in shares of Brightstar Lottery in the 4th quarter valued at approximately $29,860,000. Geode Capital Management LLC bought a new stake in Brightstar Lottery during the 4th quarter worth approximately $19,684,000. Charles Schwab Investment Management Inc. acquired a new stake in Brightstar Lottery during the 4th quarter worth approximately $17,955,000. Finally, Dimensional Fund Advisors LP bought a new position in Brightstar Lottery in the fourth quarter valued at approximately $13,804,000. 44.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings assumed coverage on Brightstar Lottery in a report on Tuesday, February 3rd. They set a “hold (c-)” rating for the company. Truist Financial upgraded shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Stifel Nicolaus cut their price objective on shares of Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Brightstar Lottery currently has a consensus rating of “Buy” and a consensus target price of $20.00.

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.