Light & Wonder (LNW) Scheduled to Post Quarterly Earnings on Wednesday

Light & Wonder (NASDAQ:LNW) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Light & Wonder (NASDAQ:LNW) last issued its earnings results on Tuesday, February 27th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.03). The company had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $748.30 million. Light & Wonder had a net margin of 5.58% and a return on equity of 23.68%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. On average, analysts expect Light & Wonder to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Light & Wonder Stock Up 2.1 %

Shares of NASDAQ:LNW opened at $94.93 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 5.04. The business has a fifty day moving average of $97.68 and a two-hundred day moving average of $88.03. The stock has a market cap of $8.58 billion, a P/E ratio of 53.94 and a beta of 1.80. Light & Wonder has a 52-week low of $56.01 and a 52-week high of $108.90.

Wall Street Analyst Weigh In

Several analysts have issued reports on LNW shares. Mizuho initiated coverage on Light & Wonder in a report on Tuesday, March 26th. They issued an “underperform” rating and a $83.00 target price for the company. Benchmark initiated coverage on Light & Wonder in a report on Tuesday, January 16th. They set a “buy” rating and a $92.00 price target for the company. Truist Financial increased their price target on Light & Wonder from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Susquehanna raised their target price on Light & Wonder from $100.00 to $111.00 and gave the company a “positive” rating in a report on Wednesday, February 28th. Finally, Macquarie raised their target price on Light & Wonder from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $96.75.

Insiders Place Their Bets

In other Light & Wonder news, VP James Sottile sold 1,549 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $101.15, for a total transaction of $156,681.35. Following the transaction, the vice president now owns 57,478 shares of the company’s stock, valued at $5,813,899.70. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Light & Wonder news, CAO Vanja Kalabic sold 1,149 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $100.72, for a total value of $115,727.28. Following the transaction, the chief accounting officer now directly owns 1,600 shares in the company, valued at approximately $161,152. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James Sottile sold 1,549 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $101.15, for a total value of $156,681.35. Following the completion of the transaction, the vice president now owns 57,478 shares in the company, valued at $5,813,899.70. The disclosure for this sale can be found here. Insiders have sold a total of 7,537 shares of company stock valued at $760,427 over the last quarter. Company insiders own 2.00% of the company’s stock.

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.