-$0.24 Earnings Per Share Expected for Scientific Games Co. (SGMS) This Quarter

Wall Street analysts expect Scientific Games Co. (NASDAQ:SGMS) to announce earnings per share (EPS) of ($0.24) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Scientific Games’ earnings. The lowest EPS estimate is ($0.48) and the highest is ($0.06). Scientific Games posted earnings of ($0.92) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 73.9%. The firm is expected to issue its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Scientific Games will report full-year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from ($0.13) to $0.25. For the next financial year, analysts anticipate that the firm will report earnings of $1.00 per share, with EPS estimates ranging from $0.47 to $2.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Scientific Games.

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Scientific Games (NASDAQ:SGMS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported ($0.28) earnings per share for the quarter, hitting the consensus estimate of ($0.28). The business had revenue of $823.00 million during the quarter, compared to the consensus estimate of $814.40 million.

Several analysts have weighed in on SGMS shares. Zacks Investment Research downgraded shares of Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. BidaskClub downgraded shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Stifel Nicolaus reissued a “hold” rating and issued a $55.00 price target on shares of Scientific Games in a research note on Friday, February 2nd. Jefferies Group started coverage on shares of Scientific Games in a research note on Tuesday, February 20th. They issued a “buy” rating and a $57.00 price target for the company. Finally, Bank of America lowered their price target on shares of Scientific Games from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Scientific Games presently has an average rating of “Hold” and an average price target of $52.33.

In other news, Director Peter A. Cohen sold 20,049 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $40.80, for a total transaction of $817,999.20. Following the completion of the transaction, the director now directly owns 268,502 shares of the company’s stock, valued at $10,954,881.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter A. Cohen sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $41.54, for a total transaction of $207,700.00. Following the transaction, the director now directly owns 268,502 shares of the company’s stock, valued at $11,153,573.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,298 shares of company stock valued at $5,931,340. Insiders own 40.61% of the company’s stock.

Several large investors have recently modified their holdings of SGMS. IFP Advisors Inc purchased a new position in shares of Scientific Games during the fourth quarter valued at about $138,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Scientific Games by 152.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,045 shares of the technology company’s stock valued at $156,000 after buying an additional 1,840 shares during the period. Strs Ohio increased its position in shares of Scientific Games by 85.0% during the fourth quarter. Strs Ohio now owns 3,700 shares of the technology company’s stock valued at $189,000 after buying an additional 1,700 shares during the period. Alps Advisors Inc. purchased a new position in shares of Scientific Games during the fourth quarter valued at about $208,000. Finally, Shelton Capital Management purchased a new position in shares of Scientific Games during the third quarter valued at about $211,000. 65.90% of the stock is owned by hedge funds and other institutional investors.

Scientific Games stock traded up $0.10 during mid-day trading on Friday, hitting $41.60. The company’s stock had a trading volume of 1,246,255 shares, compared to its average volume of 989,970. The company has a quick ratio of 2.21, a current ratio of 2.54 and a debt-to-equity ratio of -4.31. The company has a market capitalization of $3,742.54, a PE ratio of -18.65 and a beta of 2.47. Scientific Games has a 12 month low of $20.60 and a 12 month high of $56.45.

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Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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