SciPlay (NASDAQ:SCPL) Posts Earnings Results, Misses Expectations By $0.55 EPS
SciPlay (NASDAQ:SCPL) announced its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.55), Briefing.com reports. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $121.74 million. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share.
SCPL stock traded up $0.34 during trading on Friday, reaching $10.27. 1,363,500 shares of the stock traded hands, compared to its average volume of 485,364. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03. SciPlay has a 52-week low of $8.26 and a 52-week high of $18.75. The firm’s 50 day simple moving average is $9.75.
A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on SciPlay from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Zacks Investment Research raised SciPlay from a “strong sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded SciPlay from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Bank of America downgraded SciPlay from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $12.00 in a research report on Thursday, September 19th. Finally, Wedbush reaffirmed a “buy” rating and issued a $14.25 price objective on shares of SciPlay in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. SciPlay has an average rating of “Buy” and an average price target of $16.78.
SciPlay Corporation develops and publishes digital games on mobile and Web platforms. The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.
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