Brightstar Lottery (NYSE:BRSL) Receives Average Recommendation of “Hold” from Analysts

Shares of Brightstar Lottery (NYSE:BRSL) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.10.

Several research analysts have recently issued reports on the company. Susquehanna lowered their price objective on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a research report on Thursday, May 14th. Truist Financial cut their target price on Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Argus cut Brightstar Lottery from a “buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brightstar Lottery in a report on Friday, July 10th. Finally, Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th.

Brightstar Lottery Price Performance

Brightstar Lottery stock opened at $11.35 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 2.16. The company has a fifty day simple moving average of $11.01 and a 200-day simple moving average of $11.97. The stock has a market cap of $2.12 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 4.68 and a beta of 1.03. Brightstar Lottery has a 12-month low of $9.90 and a 12-month high of $18.57.

Brightstar Lottery (NYSE:BRSL) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Brightstar Lottery had a return on equity of 10.47% and a net margin of 10.05%.The firm had revenue of $584.00 million for the quarter. Equities analysts expect that Brightstar Lottery will post 0.35 EPS for the current fiscal year.

Brightstar Lottery Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, August 18th. Brightstar Lottery’s dividend payout ratio (DPR) is 70.77%.

Institutional Investors Weigh In On Brightstar Lottery

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new position in shares of Brightstar Lottery during the fourth quarter worth about $147,133,000. BlackRock Inc. lifted its holdings in shares of Brightstar Lottery by 16.5% in the 2nd quarter. BlackRock Inc. now owns 6,785,934 shares of the company’s stock valued at $72,745,000 after purchasing an additional 961,306 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of Brightstar Lottery in the 4th quarter valued at about $44,820,000. State Street Corp acquired a new stake in shares of Brightstar Lottery in the 4th quarter valued at about $29,860,000. Finally, Royce & Associates LP acquired a new stake in shares of Brightstar Lottery in the 4th quarter valued at about $24,887,000. 44.33% of the stock is owned by hedge funds and other institutional investors.

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.