Playtika (NASDAQ:PLTK) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Playtika (NASDAQ:PLTK) posted its earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07), Briefing.com reports. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The business had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Playtika updated its FY 2024 guidance to EPS.

Playtika Stock Down 0.8 %

Playtika stock traded down $0.07 during mid-day trading on Friday, reaching $8.29. The company had a trading volume of 710,474 shares, compared to its average volume of 863,268. The company has a 50 day moving average of $7.69 and a 200-day moving average of $7.80. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.70 and a beta of 0.85. Playtika has a 52 week low of $6.25 and a 52 week high of $9.23.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is currently 70.18%.

Analyst Upgrades and Downgrades

PLTK has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Roth Mkm increased their price objective on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday. Finally, Wedbush reiterated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.38.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.