Inspired Entertainment Inc (NASDAQ:INSE) Expected to Post Quarterly Sales of $30.11 Million

Equities analysts expect Inspired Entertainment Inc (NASDAQ:INSE) to post $30.11 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Inspired Entertainment’s earnings, with the lowest sales estimate coming in at $28.18 million and the highest estimate coming in at $32.03 million. Inspired Entertainment posted sales of $36.93 million in the same quarter last year, which suggests a negative year over year growth rate of 18.5%. The company is scheduled to report its next quarterly earnings report on Monday, August 12th.

On average, analysts expect that Inspired Entertainment will report full year sales of $127.12 million for the current financial year, with estimates ranging from $121.39 million to $132.84 million. For the next fiscal year, analysts expect that the firm will report sales of $142.28 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Inspired Entertainment.

Inspired Entertainment (NASDAQ:INSE) last announced its earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.12). The business had revenue of $33.67 million for the quarter, compared to analyst estimates of $33.69 million.

Separately, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday.

Shares of NASDAQ:INSE traded down $0.06 during midday trading on Monday, hitting $8.13. The company had a trading volume of 21,525 shares, compared to its average volume of 63,172. The firm has a market cap of $186.88 million, a P/E ratio of -13.11 and a beta of 1.26. Inspired Entertainment has a 12-month low of $3.86 and a 12-month high of $9.70. The business has a fifty day simple moving average of $8.44.

Large investors have recently modified their holdings of the company. Vitruvian Partners LLP bought a new stake in shares of Inspired Entertainment in the fourth quarter worth $29,370,000. Royce & Associates LP acquired a new position in shares of Inspired Entertainment during the fourth quarter valued at $240,000. Penn Capital Management Co. Inc. boosted its holdings in shares of Inspired Entertainment by 4.4% during the fourth quarter. Penn Capital Management Co. Inc. now owns 109,560 shares of the company’s stock valued at $526,000 after acquiring an additional 4,650 shares during the period. Teton Advisors Inc. boosted its holdings in shares of Inspired Entertainment by 6.4% during the first quarter. Teton Advisors Inc. now owns 311,478 shares of the company’s stock valued at $2,076,000 after acquiring an additional 18,600 shares during the period. Finally, 683 Capital Management LLC boosted its holdings in shares of Inspired Entertainment by 5.7% during the fourth quarter. 683 Capital Management LLC now owns 801,824 shares of the company’s stock valued at $3,849,000 after acquiring an additional 43,394 shares during the period. 74.65% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.

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