Brightstar Lottery Announces Quarterly Dividend of $0.23 (NYSE:BRSL)

Brightstar Lottery (NYSE:BRSL) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.23 per share on Tuesday, September 1st. This represents a c) 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 Stock Performance

BRSL traded up $1.20 on Tuesday, hitting $11.31. The company had a trading volume of 4,971,146 shares, compared to its average volume of 1,545,842. Brightstar Lottery has a 12-month low of $9.90 and a 12-month high of $18.57. The company has a fifty day simple moving average of $11.00. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.88 and a quick ratio of 0.84. The stock has a market cap of $2.11 billion, a PE ratio of 13.63 and a beta of 1.03.

Brightstar Lottery (NYSE:BRSL) last announced its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The company had revenue of $584.00 million during the quarter. Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. Analysts forecast that Brightstar Lottery will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BRSL. Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Jefferies Financial Group dropped their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brightstar Lottery in a research note on Friday, July 10th. Truist Financial lowered their price target on shares of Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Finally, BNP Paribas Exane assumed coverage on shares of Brightstar Lottery in a report on Thursday, May 14th. They set a “neutral” rating and a $12.60 price target on the stock. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.77.

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.