Brightstar Lottery (NYSE:BRSL) Hits New 52-Week Low – What’s Next?

Shares of Brightstar Lottery (NYSE:BRSL) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $12.76 and last traded at $12.8440, with a volume of 255280 shares changing hands. The stock had previously closed at $13.29.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings initiated coverage on shares of Brightstar Lottery in a report on Tuesday, February 3rd. They set a “hold (c-)” rating on the stock. Stifel Nicolaus decreased their price objective on Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, Truist Financial raised shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $20.00.

Brightstar Lottery Price Performance

The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 16.87 and a beta of 1.07. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55.

Brightstar Lottery (NYSE:BRSL) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $668.00 million for the quarter. Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share.

Brightstar Lottery Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.92 annualized dividend and a dividend yield of 7.2%. Brightstar Lottery’s payout ratio is currently 115.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in shares of Brightstar Lottery during the fourth quarter valued at approximately $147,133,000. Brown Advisory Inc. purchased a new stake in Brightstar Lottery during the 4th quarter valued at about $44,820,000. State Street Corp purchased a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $29,860,000. Royce & Associates LP bought a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $24,887,000. Finally, Geode Capital Management LLC bought a new stake in shares of Brightstar Lottery during the fourth quarter valued at approximately $19,684,000. 44.33% of the stock is currently owned by institutional investors.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.