Wall Street analysts expect Scientific Games Corp (NASDAQ:SGMS) to announce earnings of $0.01 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Scientific Games’ earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at ($0.06). Scientific Games reported earnings per share of ($0.63) during the same quarter last year, which suggests a positive year over year growth rate of 101.6%. The company is scheduled to report its next earnings report on Wednesday, May 1st.

On average, analysts expect that Scientific Games will report full year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.07 to $1.12. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.97 per share, with EPS estimates ranging from ($0.06) to $1.51. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Scientific Games.

Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported $2.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $2.11. The business had revenue of $885.70 million during the quarter, compared to the consensus estimate of $871.92 million. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.48) earnings per share.

Several brokerages have commented on SGMS. BidaskClub raised Scientific Games from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Deutsche Bank reaffirmed a “hold” rating and issued a $26.00 price target on shares of Scientific Games in a research report on Monday, December 17th. Zacks Investment Research upgraded Scientific Games from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. ValuEngine upgraded Scientific Games from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Jefferies Financial Group set a $22.00 price objective on Scientific Games and gave the company a “hold” rating in a research report on Friday, December 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $37.88.

NASDAQ SGMS traded down $0.08 during trading on Monday, hitting $20.90. The company’s stock had a trading volume of 921,505 shares, compared to its average volume of 1,469,478. The company has a market cap of $1.90 billion, a P/E ratio of -38.70, a P/E/G ratio of 4.39 and a beta of 2.37. Scientific Games has a 52 week low of $14.79 and a 52 week high of $62.80.

In other news, Director Ronald O. Perelman acquired 100,000 shares of the stock in a transaction dated Friday, December 28th. The shares were acquired at an average cost of $17.65 per share, for a total transaction of $1,765,000.00. Following the completion of the transaction, the director now owns 88,032 shares in the company, valued at approximately $1,553,764.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald O. Perelman acquired 300,000 shares of the stock in a transaction dated Thursday, December 27th. The shares were purchased at an average price of $16.93 per share, for a total transaction of $5,079,000.00. Following the completion of the transaction, the director now owns 88,032 shares of the company’s stock, valued at approximately $1,490,381.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 500,000 shares of company stock worth $8,555,000. 40.48% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SGMS. MetLife Investment Advisors LLC boosted its stake in Scientific Games by 23.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 72,158 shares of the technology company’s stock valued at $1,833,000 after buying an additional 13,713 shares in the last quarter. BlackRock Inc. boosted its stake in Scientific Games by 3.8% in the 3rd quarter. BlackRock Inc. now owns 6,301,235 shares of the technology company’s stock valued at $160,050,000 after buying an additional 228,606 shares in the last quarter. American International Group Inc. boosted its stake in Scientific Games by 3.1% in the 3rd quarter. American International Group Inc. now owns 146,985 shares of the technology company’s stock valued at $3,733,000 after buying an additional 4,420 shares in the last quarter. Trexquant Investment LP acquired a new stake in Scientific Games in the 3rd quarter valued at $1,218,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Scientific Games in the 3rd quarter valued at $285,000. Institutional investors and hedge funds own 68.67% of the company’s stock.

Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), 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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