Brightstar Lottery (NYSE:BRSL) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Brightstar Lottery (NYSE:BRSL) released its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04), FiscalAI reports. The business had revenue of $587.00 million during the quarter. Brightstar Lottery had a return on equity of 9.81% and a net margin of 5.85%.The business’s quarterly revenue was up .7% compared to the same quarter last year.

Brightstar Lottery Trading Down 6.3%

NYSE BRSL traded down $0.81 during trading on Tuesday, reaching $11.96. 1,239,207 shares of the company’s stock were exchanged, compared to its average volume of 1,420,492. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55. Brightstar Lottery has a fifty-two week low of $11.76 and a fifty-two week high of $18.57. The stock has a fifty day moving average price of $12.86. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.74 and a beta of 1.04.

Brightstar Lottery Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.92 dividend on an annualized basis and a yield of 7.7%. Brightstar Lottery’s dividend payout ratio (DPR) is presently 121.05%.

Wall Street Analyst Weigh In

BRSL has been the topic of several research reports. Stifel Nicolaus dropped their price target on Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Jefferies Financial Group decreased their target price on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Truist Financial raised Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Zacks Research upgraded Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings cut Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Brightstar Lottery has an average rating of “Hold” and an average target price of $17.00.

Institutional Trading of Brightstar Lottery

Several institutional investors have recently made changes to their positions in BRSL. Bessemer Group Inc. grew its position in Brightstar Lottery by 3,794.2% during the first quarter. Bessemer Group Inc. now owns 32,711 shares of the company’s stock valued at $417,000 after purchasing an additional 31,871 shares in the last quarter. R Squared Ltd boosted its stake in shares of Brightstar Lottery by 47.6% during the 1st quarter. R Squared Ltd now owns 18,800 shares of the company’s stock valued at $240,000 after buying an additional 6,060 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Brightstar Lottery during the 4th quarter valued at $1,318,000. Rockefeller Capital Management L.P. purchased a new position in shares of Brightstar Lottery during the 4th quarter valued at $52,000. Finally, Invesco Ltd. acquired a new position in shares of Brightstar Lottery in the fourth quarter worth $8,276,000. 44.33% of the stock is currently owned by institutional investors and hedge funds.

Brightstar Lottery Company Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.