Scientific Games (NASDAQ:SGMS) Posts Earnings Results, Beats Estimates By $0.13 EPS

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Scientific Games (NASDAQ:SGMS) released its quarterly earnings results on Thursday. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.13, Briefing.com reports. Scientific Games had a negative return on equity of 0.52% and a negative net margin of 7.25%. The firm had revenue of $855.00 million for the quarter, compared to analyst estimates of $851.61 million. During the same quarter last year, the company posted ($0.14) earnings per share. The business’s revenue was up 4.1% on a year-over-year basis.

SGMS traded up $4.60 during trading on Friday, reaching $31.58. The company’s stock had a trading volume of 3,688,100 shares, compared to its average volume of 1,315,714. The company’s fifty day moving average price is $22.77 and its 200-day moving average price is $20.61. Scientific Games has a 52-week low of $14.79 and a 52-week high of $31.63. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -58.48 and a beta of 2.24.

In other Scientific Games news, Director Ronald O. Perelman purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of $22.98 per share, with a total value of $2,298,000.00. Following the transaction, the director now owns 9,074 shares in the company, valued at $208,520.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Haddrill sold 45,681 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $23.94, for a total transaction of $1,093,603.14. Following the sale, the director now directly owns 225,957 shares of the company’s stock, valued at $5,409,410.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 350,000 shares of company stock valued at $7,643,000. 40.60% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on SGMS shares. ValuEngine raised Scientific Games from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub raised Scientific Games from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.20.

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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Earnings History for Scientific Games (NASDAQ:SGMS)

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