Equities research analysts expect Inspired Entertainment Inc (NASDAQ:INSE) to post $30.11 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Inspired Entertainment’s earnings, with the highest sales estimate coming in at $32.03 million and the lowest estimate coming in at $28.18 million. Inspired Entertainment posted sales of $36.93 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.5%. The business is expected to report its next quarterly earnings report on Monday, August 12th.
On average, analysts expect that Inspired Entertainment will report full-year sales of $127.12 million for the current year, with estimates ranging from $121.39 million to $132.84 million. For the next fiscal year, analysts expect that the firm will post sales of $142.28 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Inspired Entertainment.
Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.12). The company had revenue of $33.67 million during the quarter, compared to the consensus estimate of $33.69 million.
Separately, Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday.
NASDAQ INSE traded down $0.06 during mid-day trading on Monday, reaching $8.13. The stock had a trading volume of 21,525 shares, compared to its average volume of 63,172. Inspired Entertainment has a 1 year low of $3.86 and a 1 year high of $9.70. The firm has a market cap of $186.88 million, a PE ratio of -13.11 and a beta of 1.26. The business’s fifty day moving average price is $8.44.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP purchased a new stake in Inspired Entertainment in the 4th quarter worth about $240,000. Gabelli Funds LLC boosted its stake in Inspired Entertainment by 42.6% in the first quarter. Gabelli Funds LLC now owns 98,710 shares of the company’s stock valued at $658,000 after acquiring an additional 29,477 shares in the last quarter. Penn Capital Management Co. Inc. boosted its stake in Inspired Entertainment by 4.4% in the fourth quarter. Penn Capital Management Co. Inc. now owns 109,560 shares of the company’s stock valued at $526,000 after acquiring an additional 4,650 shares in the last quarter. Teton Advisors Inc. raised its holdings in shares of Inspired Entertainment by 6.4% in the first quarter. Teton Advisors Inc. now owns 311,478 shares of the company’s stock worth $2,076,000 after buying an additional 18,600 shares during the last quarter. Finally, 683 Capital Management LLC raised its holdings in shares of Inspired Entertainment by 5.7% in the fourth quarter. 683 Capital Management LLC now owns 801,824 shares of the company’s stock worth $3,849,000 after buying an additional 43,394 shares during the last quarter. Hedge funds and other institutional investors own 74.65% of the company’s stock.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
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