Zacks: Analysts Expect Scientific Games Co. (NASDAQ:SGMS) Will Post Earnings of $0.05 Per Share

Brokerages predict that Scientific Games Co. (NASDAQ:SGMS) will report earnings per share (EPS) of $0.05 for the current quarter, according to Zacks. Five analysts have issued estimates for Scientific Games’ earnings. The lowest EPS estimate is ($0.20) and the highest is $0.29. Scientific Games posted earnings per share of ($2.15) in the same quarter last year, which suggests a positive year-over-year growth rate of 102.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, July 22nd.

According to Zacks, analysts expect that Scientific Games will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from ($0.36) to $1.40. For the next year, analysts expect that the company will post earnings of $2.53 per share, with EPS estimates ranging from $1.00 to $3.61. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Scientific Games.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings results on Sunday, May 9th. The technology company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.29. The firm had revenue of $729.00 million during the quarter, compared to analysts’ expectations of $715.02 million. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted ($1.69) EPS.

Several research analysts have weighed in on SGMS shares. Union Gaming Research upped their price objective on shares of Scientific Games from $65.00 to $70.00 in a research note on Tuesday, May 11th. Craig Hallum upped their price objective on shares of Scientific Games from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 11th. TheStreet upgraded shares of Scientific Games from a “d+” rating to a “c-” rating in a research note on Friday, March 5th. Zacks Investment Research upgraded shares of Scientific Games from a “sell” rating to a “hold” rating and set a $53.00 price objective on the stock in a research note on Wednesday, March 3rd. Finally, Credit Suisse Group upped their price objective on shares of Scientific Games from $35.00 to $36.00 and gave the company an “underperform” rating in a research note on Tuesday, May 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $45.90.

Shares of NASDAQ:SGMS traded up $2.09 during mid-day trading on Friday, hitting $74.63. The stock had a trading volume of 3,427 shares, compared to its average volume of 803,533. The stock has a market capitalization of $7.17 billion, a P/E ratio of -16.16 and a beta of 2.13. The firm’s 50 day simple moving average is $57.47. Scientific Games has a 12-month low of $13.52 and a 12-month high of $77.29.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in shares of Scientific Games by 14.7% during the 1st quarter. Principal Financial Group Inc. now owns 200,043 shares of the technology company’s stock worth $7,706,000 after buying an additional 25,685 shares during the period. Millennium Management LLC boosted its holdings in shares of Scientific Games by 37.2% during the 1st quarter. Millennium Management LLC now owns 106,794 shares of the technology company’s stock worth $4,114,000 after buying an additional 28,935 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Scientific Games by 104.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,564,000 shares of the technology company’s stock worth $60,245,000 after buying an additional 799,700 shares during the period. Morgan Stanley boosted its holdings in shares of Scientific Games by 2.9% during the 1st quarter. Morgan Stanley now owns 2,955,579 shares of the technology company’s stock worth $113,848,000 after buying an additional 82,069 shares during the period. Finally, Tudor Investment Corp Et Al bought a new stake in shares of Scientific Games during the 1st quarter worth $1,303,000. 85.33% of the stock is owned by institutional investors and hedge funds.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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Earnings History and Estimates for Scientific Games (NASDAQ:SGMS)

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