Inspired Entertainment (NASDAQ:INSE – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13), RTT News reports. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%. The firm had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $79.19 million.
Inspired Entertainment Stock Performance
Shares of INSE traded down $0.33 during mid-day trading on Tuesday, hitting $8.84. 19,407 shares of the company were exchanged, compared to its average volume of 145,309. Inspired Entertainment has a 1-year low of $7.51 and a 1-year high of $11.61. The company has a 50 day moving average of $9.81 and a 200-day moving average of $9.52. The stock has a market cap of $234.90 million, a price-to-earnings ratio of -882.92 and a beta of 1.38.
Wall Street Analyst Weigh In
Several research firms recently issued reports on INSE. New Street Research set a $21.00 price target on shares of Inspired Entertainment in a report on Friday. Truist Financial set a $19.00 price target on shares of Inspired Entertainment in a report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Inspired Entertainment in a report on Friday.
About Inspired Entertainment
Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.
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