Media stories about Scientific Games Corp (NASDAQ:SGMS) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scientific Games Corp earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.280763176254 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Scientific Games (SGMS) Extends Contract with Ohio Lottery (finance.yahoo.com)
- Scientific Games Announces Completion of Refinancing Transaction – PR Newswire (press release) (prnewswire.com)
- $760.72 Million in Sales Expected for Scientific Games Corp (SGMS) This Quarter (americanbankingnews.com)
Scientific Games Corp (NASDAQ:SGMS) opened at 34.30 on Friday. The firm has a 50-day moving average price of $31.43 and a 200 day moving average price of $24.71. The firm’s market capitalization is $3.07 billion. Scientific Games Corp has a one year low of $8.07 and a one year high of $39.25.
Scientific Games Corp (NASDAQ:SGMS) last posted its earnings results on Monday, July 24th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.52) by $0.08. The company had revenue of $766.30 million for the quarter, compared to analysts’ expectations of $732.93 million. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.59) EPS. Analysts anticipate that Scientific Games Corp will post ($2.27) EPS for the current fiscal year.
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Scientific Games Corp in a research report on Friday, July 14th. ValuEngine raised Scientific Games Corp from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised Scientific Games Corp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Finally, Telsey Advisory Group raised their price objective on Scientific Games Corp from $20.00 to $24.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.00.
In other Scientific Games Corp news, EVP James C. Kennedy sold 122,681 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.14, for a total transaction of $4,556,372.34. Following the sale, the executive vice president now owns 186,363 shares in the company, valued at $6,921,521.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gabrielle K. Mcdonald sold 2,133 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total value of $82,120.50. Following the sale, the director now owns 7,173 shares in the company, valued at approximately $276,160.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,850 shares of company stock worth $7,281,691. Company insiders own 42.03% of the company’s stock.
About Scientific Games Corp
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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