Equities research analysts expect Inspired Entertainment Inc (NASDAQ:INSE) to announce earnings of ($0.08) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Inspired Entertainment’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.12). Inspired Entertainment reported earnings of ($0.02) per share during the same quarter last year, which indicates a negative year over year growth rate of 300%. The company is scheduled to announce its next earnings report on Wednesday, May 8th.
On average, analysts expect that Inspired Entertainment will report full year earnings of ($0.65) per share for the current year, with EPS estimates ranging from ($0.69) to ($0.61). For the next year, analysts anticipate that the business will post earnings of ($0.11) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Inspired Entertainment.
Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings data on Monday, February 11th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.10). The business had revenue of $30.73 million for the quarter, compared to analyst estimates of $33.46 million.
Separately, ValuEngine raised shares of Inspired Entertainment from a “hold” rating to a “buy” rating in a report on Thursday, January 24th.
In other news, major shareholder Vitruvian Partners Llp sold 500,000 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $6.70, for a total transaction of $3,350,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 21.76% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in INSE. Royce & Associates LP bought a new stake in shares of Inspired Entertainment during the fourth quarter valued at about $240,000. Gabelli Funds LLC increased its position in shares of Inspired Entertainment by 15.4% during the fourth quarter. Gabelli Funds LLC now owns 69,233 shares of the company’s stock valued at $332,000 after buying an additional 9,233 shares during the period. Renaissance Technologies LLC increased its position in shares of Inspired Entertainment by 60.7% during the third quarter. Renaissance Technologies LLC now owns 61,300 shares of the company’s stock valued at $374,000 after buying an additional 23,158 shares during the period. Penn Capital Management Co. Inc. increased its position in shares of Inspired Entertainment by 4.4% during the fourth quarter. Penn Capital Management Co. Inc. now owns 109,560 shares of the company’s stock valued at $526,000 after buying an additional 4,650 shares during the period. Finally, Teton Advisors Inc. increased its position in shares of Inspired Entertainment by 10.7% during the fourth quarter. Teton Advisors Inc. now owns 292,878 shares of the company’s stock valued at $1,406,000 after buying an additional 28,238 shares during the period. Hedge funds and other institutional investors own 75.18% of the company’s stock.
NASDAQ INSE traded up $0.11 during trading on Friday, hitting $7.12. 3,534 shares of the company’s stock traded hands, compared to its average volume of 18,281. The company has a market cap of $153.04 million, a PE ratio of -11.48 and a beta of 1.10. Inspired Entertainment has a 12-month low of $3.86 and a 12-month high of $8.15.
Inspired Entertainment Company Profile
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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