B. Riley Estimates Light & Wonder’s Q2 Earnings (NASDAQ:LNW)

Light & Wonder, Inc. (NASDAQ:LNW) – Investment analysts at B. Riley reduced their Q2 2025 EPS estimates for shares of Light & Wonder in a note issued to investors on Wednesday, November 13th. B. Riley analyst D. Bain now anticipates that the company will earn $1.24 per share for the quarter, down from their prior estimate of $1.36. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Light & Wonder’s current full-year earnings is $4.41 per share. B. Riley also issued estimates for Light & Wonder’s Q4 2025 earnings at $1.41 EPS and FY2025 earnings at $4.89 EPS.

A number of other research analysts have also commented on the company. Stifel Nicolaus decreased their price objective on Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a report on Wednesday, September 25th. Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research report on Thursday, August 8th. Craig Hallum upgraded shares of Light & Wonder to a “strong-buy” rating in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Light & Wonder from $76.00 to $81.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Finally, Maxim Group assumed coverage on shares of Light & Wonder in a research report on Monday, August 26th. They issued a “buy” rating and a $144.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.36.

Light & Wonder Price Performance

Shares of NASDAQ LNW opened at $93.24 on Friday. The firm has a market cap of $8.23 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. The business’s 50 day moving average is $98.06 and its 200-day moving average is $99.89. The company has a current ratio of 1.88, a quick ratio of 1.58 and a debt-to-equity ratio of 4.49. Light & Wonder has a 1-year low of $76.52 and a 1-year high of $115.00.

Institutional Investors Weigh In On Light & Wonder

Large investors have recently modified their holdings of the business. SG Americas Securities LLC grew its holdings in shares of Light & Wonder by 239.9% during the 1st quarter. SG Americas Securities LLC now owns 6,435 shares of the company’s stock valued at $657,000 after purchasing an additional 4,542 shares during the last quarter. QRG Capital Management Inc. boosted its position in Light & Wonder by 33.0% in the first quarter. QRG Capital Management Inc. now owns 9,828 shares of the company’s stock valued at $1,003,000 after buying an additional 2,437 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Light & Wonder by 3.9% in the first quarter. Russell Investments Group Ltd. now owns 43,414 shares of the company’s stock valued at $4,432,000 after buying an additional 1,636 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Light & Wonder by 3.9% during the first quarter. ProShare Advisors LLC now owns 20,642 shares of the company’s stock worth $2,107,000 after buying an additional 777 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Light & Wonder during the first quarter worth $773,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder announced that its board has authorized a stock buyback plan on Wednesday, August 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.