Analysts Anticipate Scientific Games Corp (SGMS) to Announce $0.11 EPS

Wall Street brokerages expect Scientific Games Corp (NASDAQ:SGMS) to post earnings per share (EPS) of $0.11 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Scientific Games’ earnings. The lowest EPS estimate is $0.02 and the highest is $0.20. Scientific Games posted earnings of ($0.28) per share in the same quarter last year, which would suggest a positive year over year growth rate of 139.3%. The company is expected to report its next earnings report on Wednesday, February 27th.

On average, analysts expect that Scientific Games will report full-year earnings of ($6.02) per share for the current year, with EPS estimates ranging from ($6.07) to ($5.95). For the next financial year, analysts forecast that the business will report earnings of $0.51 per share, with EPS estimates ranging from $0.24 to $0.78. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Scientific Games.

Scientific Games (NASDAQ:SGMS) last announced its earnings results on Thursday, November 8th. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $828.92 million. Scientific Games’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.66) earnings per share.

Several brokerages have recently weighed in on SGMS. BidaskClub downgraded shares of Scientific Games from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 13th. Deutsche Bank decreased their target price on shares of Scientific Games to $26.00 and set a “hold” rating for the company in a research note on Monday, November 12th. ValuEngine upgraded shares of Scientific Games from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Jefferies Financial Group set a $22.00 price objective on shares of Scientific Games and gave the company a “hold” rating in a research note on Friday, December 14th. Finally, Susquehanna Bancshares assumed coverage on shares of Scientific Games in a research note on Friday, December 7th. They set a “positive” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.67.

Shares of SGMS stock opened at $20.72 on Tuesday. The firm has a market capitalization of $1.87 billion, a PE ratio of -9.29, a PEG ratio of 3.98 and a beta of 2.05. Scientific Games has a twelve month low of $14.79 and a twelve month high of $62.80.

In other Scientific Games news, Director Ronald O. Perelman bought 300,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of $16.93 per share, with a total value of $5,079,000.00. Following the completion of the acquisition, the director now owns 88,032 shares of the company’s stock, valued at $1,490,381.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald O. Perelman bought 200,000 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were acquired at an average cost of $15.63 per share, for a total transaction of $3,126,000.00. Following the completion of the acquisition, the director now directly owns 88,032 shares of the company’s stock, valued at approximately $1,375,940.16. The disclosure for this purchase can be found here. Insiders have acquired 900,000 shares of company stock worth $14,921,000 over the last three months. 40.48% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Scientific Games during the 2nd quarter valued at about $140,000. Cerebellum GP LLC increased its stake in Scientific Games by 125.9% during the 3rd quarter. Cerebellum GP LLC now owns 5,565 shares of the technology company’s stock valued at $141,000 after buying an additional 3,101 shares during the period. Tower Research Capital LLC TRC increased its stake in Scientific Games by 1,643.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,520 shares of the technology company’s stock valued at $166,000 after buying an additional 6,146 shares during the period. Alps Advisors Inc. acquired a new position in Scientific Games during the 2nd quarter valued at about $208,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Scientific Games during the 3rd quarter valued at about $285,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

About Scientific Games

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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