Analysts Expect Scientific Games Corp (SGMS) Will Announce Quarterly Sales of $809.75 Million
Wall Street analysts expect Scientific Games Corp (NASDAQ:SGMS) to report $809.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Scientific Games’ earnings, with estimates ranging from $800.80 million to $818.69 million. Scientific Games posted sales of $752.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 28th.
On average, analysts expect that Scientific Games will report full-year sales of $809.75 million for the current fiscal year, with estimates ranging from $3.06 billion to $3.08 billion. For the next year, analysts expect that the company will report sales of $3.30 billion per share, with estimates ranging from $3.21 billion to $3.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Scientific Games.
Several research analysts have recently issued reports on SGMS shares. BidaskClub lowered shares of Scientific Games from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 target price on shares of Scientific Games in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.20.
Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new position in Scientific Games during the 4th quarter worth approximately $138,000. First Quadrant L P CA bought a new position in Scientific Games during the 3rd quarter worth approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Scientific Games by 152.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,045 shares of the technology company’s stock worth $156,000 after acquiring an additional 1,840 shares during the last quarter. Strs Ohio boosted its stake in Scientific Games by 85.0% during the 4th quarter. Strs Ohio now owns 3,700 shares of the technology company’s stock worth $189,000 after acquiring an additional 1,700 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Scientific Games by 42.2% during the 3rd quarter. LS Investment Advisors LLC now owns 3,940 shares of the technology company’s stock worth $181,000 after acquiring an additional 1,170 shares during the last quarter. 64.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Scientific Games (NASDAQ:SGMS) traded up $0.90 during midday trading on Friday, hitting $43.85. 535,439 shares of the stock traded hands, compared to its average volume of 1,180,000. The company has a market cap of $3,930.00, a price-to-earnings ratio of -12.53 and a beta of 2.50. The company has a quick ratio of 1.45, a current ratio of 1.83 and a debt-to-equity ratio of -4.07. Scientific Games has a one year low of $19.65 and a one year high of $56.45.
TRADEMARK VIOLATION NOTICE: “Analysts Expect Scientific Games Corp (SGMS) Will Announce Quarterly Sales of $809.75 Million” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2018/02/14/analysts-expect-scientific-games-corp-sgms-will-announce-quarterly-sales-of-809-75-million.html.
Scientific Games Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Scientific Games Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scientific Games and related companies with MarketBeat.com's FREE daily email newsletter.