A number of other analysts have also recently weighed in on SGMS. BidaskClub cut shares of Scientific Games from a buy rating to a hold rating in a report on Friday, January 3rd. Stifel Nicolaus raised shares of Scientific Games from a hold rating to a buy rating and increased their price objective for the company from $30.00 to $37.00 in a research report on Wednesday, January 8th. TheStreet raised shares of Scientific Games from a d+ rating to a c- rating in a research report on Friday, November 15th. Finally, Susquehanna Bancshares lowered shares of Scientific Games from a positive rating to a neutral rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $27.75.
Shares of NASDAQ:SGMS traded down $0.90 during trading on Tuesday, reaching $25.37. The stock had a trading volume of 319,544 shares, compared to its average volume of 554,084. Scientific Games has a one year low of $16.02 and a one year high of $31.63. The company has a market capitalization of $2.43 billion, a P/E ratio of 19.98, a PEG ratio of 2.80 and a beta of 2.15. The firm’s 50-day simple moving average is $27.15 and its 200 day simple moving average is $23.32.
Scientific Games (NASDAQ:SGMS) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.13. Scientific Games had a net margin of 3.50% and a negative return on equity of 1.07%. The business had revenue of $855.00 million for the quarter, compared to analysts’ expectations of $851.61 million. During the same period last year, the business earned ($0.14) EPS. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, analysts forecast that Scientific Games will post -0.27 earnings per share for the current year.
In other news, EVP Derik Mooberry sold 32,954 shares of Scientific Games stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $28.19, for a total transaction of $928,973.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 40.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Atria Investments LLC purchased a new position in shares of Scientific Games during the 2nd quarter valued at approximately $554,000. Atwater Malick LLC purchased a new position in shares of Scientific Games during the 3rd quarter valued at approximately $31,000. Public Employees Retirement System of Ohio increased its holdings in shares of Scientific Games by 56.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,391 shares of the technology company’s stock valued at $49,000 after purchasing an additional 864 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Scientific Games by 150.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,000 shares of the technology company’s stock valued at $61,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Scientific Games by 547.9% during the 2nd quarter. Royal Bank of Canada now owns 3,019 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,553 shares in the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.
About Scientific Games
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.
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