Truist Financial Analysts Boost Earnings Estimates for Scientific Games Co. (NASDAQ:SGMS)

Scientific Online games Co. (NASDAQ:SGMS – Get Rating) – Truist Monetary upped their Q4 2022 earnings for each share (EPS) estimates for Scientific Games in a research report issued on Tuesday, March 1st. Truist Fiscal analyst B. Jonas now expects that the engineering company will make $.38 for each share for the quarter, up from their preceding forecast of $.29. Truist Financial at the moment has a “Invest in” rating and a $85.00 concentrate on price on the inventory.

SGMS has been the matter of a quantity of other studies. Credit rating Suisse Group boosted their target price on shares of Scientific Online games from $45.00 to $52.00 and gave the inventory an “underperform” score in a report on Thursday. StockNews.com downgraded shares of Scientific Online games from a “invest in” ranking to a “hold” ranking in a report on Wednesday, February 23rd. Lastly, Deutsche Bank Aktiengesellschaft reduced their goal rate on shares of Scientific Video games from $71.00 to $67.00 and set a “keep” score on the stock in a report on Wednesday. One analyst has rated the stock with a promote rating, 4 have assigned a maintain ranking and 4 have issued a buy ranking to the organization. In accordance to data from MarketBeat, the stock has a consensus score of “Keep” and a consensus focus on value of $81.44.

Shares of SGMS opened at $63.57 on Friday. The firm’s 50 working day going regular price is $61.70 and its two-hundred working day moving normal cost is $69.31. The business has a current market cap of $6.14 billion, a P/E ratio of 34.74 and a beta of 1.95. Scientific Video games has a twelve month small of $36.89 and a twelve month significant of $90.20. Scientific Video games (NASDAQ:SGMS – Get Score) last issued its quarterly earnings knowledge on Tuesday, March 1st. The technology corporation claimed $.95 earnings for every share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($.36) by $1.31. Scientific Games had a internet margin of 6.39% and a damaging return on fairness of 5.54%. The company had earnings of $580.00 million in the course of the quarter, as opposed to analysts’ anticipations of $558.79 million. All through the exact quarter in the previous year, the company earned ($.59) earnings for each share. The business’s revenue for the quarter was up 20.8% on a 12 months-in excess of-yr foundation.

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Many hedge resources have lately additional to or lowered their stakes in SGMS. FORA Capital LLC acquired a new situation in shares of Scientific Games in the 2nd quarter valued at about $46,000. US Bancorp DE lifted its position in Scientific Video games by 121.5% for the duration of the third quarter. US Bancorp DE now owns 866 shares of the technological know-how company’s inventory really worth $71,000 right after buying an further 475 shares in the course of the time period. Dim Forest Funds Administration LP bought a new stake in Scientific Online games all through the third quarter value about $108,000. Convergence Investment decision Partners LLC purchased a new stake in Scientific Game titles all through the third quarter truly worth about $169,000. Last but not least, Keebeck Alpha LP purchased a new stake in Scientific Game titles through the 3rd quarter value about $207,000. Institutional traders and hedge cash own 93.19% of the company’s stock.

About Scientific Game titles (Get Ranking)

Scientific Online games Corp. engages in the improvement of engineering-based merchandise and products and services and associated articles. It operates by means of the adhering to enterprise segments: Gaming, Lottery, SciPlay, and Electronic. The Gaming section models, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming solutions and solutions.

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Earnings History and Estimates for Scientific Games (NASDAQ:SGMS)

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