Scientific Games (NASDAQ:SGMS) released its quarterly earnings results on Thursday. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.13, Briefing.com reports. Scientific Games had a negative net margin of 7.25% and a negative return on equity of 0.52%. The business had revenue of $855.00 million for the quarter, compared to analyst estimates of $851.61 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year.
Shares of SGMS stock traded up $4.60 during trading hours on Friday, reaching $31.58. 3,688,100 shares of the stock traded hands, compared to its average volume of 1,315,714. Scientific Games has a 1-year low of $14.79 and a 1-year high of $31.63. The business has a fifty day moving average price of $22.77 and a 200 day moving average price of $20.61. The firm has a market capitalization of $2.42 billion, a PE ratio of -58.48 and a beta of 2.24.
A number of equities research analysts have recently issued reports on SGMS shares. ValuEngine upgraded shares of Scientific Games from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub upgraded shares of Scientific Games from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $24.20.
Scientific Games Company Profile
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, 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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