Scientific Games Corp (NASDAQ:SGMS) – Research analysts at Truist Securiti issued their Q1 2021 earnings per share estimates for shares of Scientific Games in a report issued on Monday, September 14th. Truist Securiti analyst B. Jonas forecasts that the technology company will earn ($0.22) per share for the quarter. Truist Securiti also issued estimates for Scientific Games’ Q3 2021 earnings at ($0.14) EPS and Q4 2021 earnings at ($0.02) EPS.
A number of other research analysts have also recently issued reports on the company. Craig Hallum reiterated a “buy” rating on shares of Scientific Games in a research note on Friday, June 12th. Deutsche Bank lifted their price objective on Scientific Games from $8.00 to $16.00 and gave the company a “hold” rating in a research note on Monday, July 27th. Zacks Investment Research upgraded Scientific Games from a “strong sell” rating to a “hold” rating and set a $13.00 price objective for the company in a research note on Tuesday, June 16th. SunTrust Banks lifted their price objective on Scientific Games from $15.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, BidaskClub upgraded Scientific Games from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Scientific Games currently has a consensus rating of “Hold” and a consensus price target of $27.00.
Scientific Games (NASDAQ:SGMS) last released its earnings results on Thursday, July 23rd. The technology company reported ($1.79) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.91) by $0.12. The company had revenue of $539.00 million during the quarter, compared to analysts’ expectations of $462.99 million. Scientific Games had a negative return on equity of 0.53% and a negative net margin of 13.11%.
In related news, Chairman Ronald O. Perelman sold 9,375,806 shares of Scientific Games stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $28.00, for a total value of $262,522,568.00. Following the completion of the sale, the chairman now owns 17,104 shares of the company’s stock, valued at $478,912. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 40.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of SGMS. SG Americas Securities LLC grew its holdings in shares of Scientific Games by 423.5% in the first quarter. SG Americas Securities LLC now owns 54,818 shares of the technology company’s stock worth $532,000 after acquiring an additional 44,346 shares during the period. Natixis Advisors L.P. grew its holdings in Scientific Games by 13.6% during the first quarter. Natixis Advisors L.P. now owns 52,548 shares of the technology company’s stock valued at $509,000 after purchasing an additional 6,307 shares during the period. Russell Investments Group Ltd. grew its holdings in Scientific Games by 284.0% during the first quarter. Russell Investments Group Ltd. now owns 469,599 shares of the technology company’s stock valued at $4,514,000 after purchasing an additional 347,322 shares during the period. First Trust Advisors LP grew its holdings in Scientific Games by 34.8% during the first quarter. First Trust Advisors LP now owns 108,117 shares of the technology company’s stock valued at $1,049,000 after purchasing an additional 27,888 shares during the period. Finally, Swiss National Bank grew its holdings in Scientific Games by 1.5% during the first quarter. Swiss National Bank now owns 99,500 shares of the technology company’s stock valued at $965,000 after purchasing an additional 1,500 shares during the period. 59.49% of the stock is owned by institutional investors.
Scientific Games Company Profile
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. 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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