Shares of Brightstar Lottery (NYSE:BRSL – Get Free Report) have been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.7667.
BRSL has been the subject of a number of recent research reports. Argus downgraded shares of Brightstar Lottery from a “buy” rating to a “hold” rating in a report on Monday, June 29th. BNP Paribas Exane assumed coverage on Brightstar Lottery in a report on Thursday, May 14th. They set a “neutral” rating and a $12.60 target price on the stock. Jefferies Financial Group dropped their price target on Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brightstar Lottery in a report on Friday, July 10th. Finally, Truist Financial reduced their price objective 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.
Read Our Latest Research Report on BRSL
Hedge Funds Weigh In On Brightstar Lottery
Brightstar Lottery Price Performance
NYSE BRSL opened at $10.04 on Monday. The firm has a 50 day moving average price of $11.02. Brightstar Lottery has a 1-year low of $9.90 and a 1-year high of $18.57. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The stock has a market capitalization of $1.88 billion, a P/E ratio of 12.10 and a beta of 1.03.
Brightstar Lottery (NYSE:BRSL – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Brightstar Lottery will post 0.4 EPS for the current fiscal year.
Brightstar Lottery Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 9.2%. Brightstar Lottery’s payout ratio is presently 110.84%.
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.
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