Brightstar Lottery (NYSE:BRSL) Receives Consensus Recommendation of “Hold” from Brokerages

Brightstar Lottery (NYSE:BRSL) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $15.6667.

A number of analysts recently weighed in on BRSL shares. Truist Financial decreased their target price on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday. Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Jefferies Financial Group decreased their target price on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Finally, Weiss Ratings lowered shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th.

Institutional Trading of Brightstar Lottery

A number of hedge funds and other institutional investors have recently bought and sold shares of BRSL. Lazard Asset Management LLC bought a new stake in Brightstar Lottery during the 4th quarter worth approximately $147,133,000. Brown Advisory Inc. purchased a new position in Brightstar Lottery in the 4th quarter worth approximately $44,820,000. State Street Corp purchased a new position in Brightstar Lottery in the 4th quarter worth approximately $29,860,000. Royce & Associates LP purchased a new position in Brightstar Lottery in the 4th quarter worth approximately $24,887,000. Finally, Geode Capital Management LLC purchased a new position in Brightstar Lottery in the 4th quarter worth approximately $19,684,000. Institutional investors own 44.33% of the company’s stock.

Brightstar Lottery Trading Down 5.0%

Shares of NYSE BRSL traded down $0.58 during midday trading on Wednesday, hitting $10.97. The company’s stock had a trading volume of 3,845,849 shares, compared to its average volume of 1,473,455. The company’s fifty day simple moving average is $12.82. Brightstar Lottery has a one year low of $10.75 and a one year high of $18.57. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 14.44 and a beta of 1.04.

Brightstar Lottery (NYSE:BRSL) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%. The business had revenue of $587.00 million during the quarter. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts predict that Brightstar Lottery will post 0.83 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Thursday, May 28th. Brightstar Lottery’s dividend payout ratio is 121.05%.

About Brightstar Lottery

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.