Playtika (PLTK) Set to Announce Earnings on Thursday

Playtika (NASDAQ:PLTK) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Playtika (NASDAQ:PLTK) last released its earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). Playtika had a negative return on equity of 81.85% and a net margin of 9.15%. The business had revenue of $637.90 million for the quarter, compared to analyst estimates of $630.26 million. During the same period in the prior year, the firm posted $0.24 EPS. Playtika’s revenue was up 1.1% on a year-over-year basis. On average, analysts expect Playtika to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Playtika Stock Performance

PLTK opened at $7.87 on Wednesday. The company has a fifty day moving average price of $7.10 and a two-hundred day moving average price of $7.73. Playtika has a 52 week low of $6.25 and a 52 week high of $12.90. The firm has a market capitalization of $2.92 billion, a PE ratio of 12.30, a P/E/G ratio of 1.15 and a beta of 0.79.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend was Thursday, March 21st. Playtika’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLTK. HSBC lowered shares of Playtika from a “buy” rating to a “hold” rating and decreased their price target for the company from $14.90 to $8.00 in a report on Monday, January 22nd. The Goldman Sachs Group decreased their price target on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Bank of America lowered shares of Playtika from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $11.00 to $8.00 in a report on Thursday, January 18th. Wedbush decreased their price target on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Finally, Morgan Stanley decreased their price target on shares of Playtika from $10.00 to $7.50 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Playtika has an average rating of “Hold” and an average target price of $10.43.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.