Equities research analysts expect that Scientific Games Corp (NASDAQ:SGMS) will post earnings per share of ($0.25) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Scientific Games’ earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.50). Scientific Games posted earnings of ($0.82) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 69.5%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 28th.
According to Zacks, analysts expect that Scientific Games will report full-year earnings of ($2.47) per share for the current financial year, with EPS estimates ranging from ($2.53) to ($2.41). For the next financial year, analysts expect that the company will report earnings of ($0.45) per share, with EPS estimates ranging from ($0.73) to $0.36. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Scientific Games.
A number of brokerages have recently issued reports on SGMS. Stifel Nicolaus reissued a “hold” rating and issued a $55.00 target price on shares of Scientific Games in a report on Friday, February 2nd. Zacks Investment Research lowered Scientific Games from a “hold” rating to a “sell” rating in a research report on Friday. Finally, BidaskClub lowered Scientific Games from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.20.
In related news, Director Richard M. Haddrill sold 8,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $51.28, for a total transaction of $410,240.00. Following the sale, the director now directly owns 136,542 shares in the company, valued at approximately $7,001,873.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 40.61% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Scientific Games by 1.9% during the 4th quarter. BlackRock Inc. now owns 6,609,383 shares of the technology company’s stock worth $339,061,000 after acquiring an additional 123,272 shares during the last quarter. Bank of New York Mellon Corp grew its position in Scientific Games by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 600,970 shares of the technology company’s stock worth $30,830,000 after acquiring an additional 21,933 shares during the last quarter. Rhumbline Advisers grew its position in Scientific Games by 16.3% during the 4th quarter. Rhumbline Advisers now owns 120,336 shares of the technology company’s stock worth $6,173,000 after acquiring an additional 16,842 shares during the last quarter. Arizona State Retirement System grew its position in Scientific Games by 224.8% during the 4th quarter. Arizona State Retirement System now owns 88,892 shares of the technology company’s stock worth $4,560,000 after acquiring an additional 61,525 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in Scientific Games during the 4th quarter worth approximately $7,105,000. Institutional investors and hedge funds own 64.23% of the company’s stock.
About Scientific Games
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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