Weekly Research Analysts’ Ratings Updates for Scientific Games Corp (SGMS)

Scientific Games Corp (NASDAQ: SGMS) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2017 – Scientific Games Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Scientific Games reported narrower-than-expected loss in the second-quarter 2017. Revenues increased on a year-over-year basis driven by robust performance from the gaming and interactive businesses.The company aims at reducing costs and optimize its operational structure to drive bottom line growth going ahead. Moreover, acquisitions of Bally Technologies and WMS Industries are positives as these expanded its global footprint. Shares have vastly outperformed the industry on a year-to-date basis.  However, leveraged balance sheet that results in signficant interest expense is hurting profitability. Moreover, unfavorable foreign exchange is a major headwind.”
  • 7/31/2017 – Scientific Games Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Scientific Games reported narrower-than-expected loss in the second-quarter 2017. Revenues increased on a year-over-year basis driven by robust performance from the gaming and interactive businesses.The company aims at reducing costs and optimize its operational structure to drive bottom line growth going ahead. The company's acquisitions of Bally Technologies and WMS Industries are also positives as these expand its global footprint. Shares have vastly outperformed the Zacks Computer Services Industry on a year-to-date basis.  However, leveraged balance sheet that results in signficant interest expense is hurting profitability. Moreover, unfavorable foreign exchange is a major headwind.”
  • 7/25/2017 – Scientific Games Corp had its price target raised by analysts at Stifel Nicolaus from $24.00 to $35.00. They now have a “hold” rating on the stock.
  • 7/20/2017 – Scientific Games Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Scientific Games shares have vastly outperformed the Zacks Computer Services Industry on a year-to-date basis. Estimates have been going up ahead of the company's Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. The company aims at reducing costs and optimize its operational structure to drive bottom line growth going ahead. The company's acquisitions of Bally Technologies and WMS Industries are also positives as these expand its global footprint. However, sluggishness in the gaming segment especially with regard to WAP, premium installed base and gaming systems and forex fluctuations remain concerns.”
  • 7/14/2017 – Scientific Games Corp had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $24.00 price target on the stock.
  • 7/5/2017 – Scientific Games Corp was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/10/2017 – Scientific Games Corp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Scientific Games Corp (SGMS) traded down 0.85% during trading on Wednesday, hitting $34.80. The stock had a trading volume of 223,104 shares. The company’s 50 day moving average is $28.35 and its 200-day moving average is $23.21. Scientific Games Corp has a 12 month low of $8.07 and a 12 month high of $39.25. The company’s market cap is $3.11 billion.

Scientific Games Corp (NASDAQ:SGMS) last announced its quarterly earnings data on Monday, July 24th. The technology company reported ($0.44) EPS for the quarter, topping the Zacks’ 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. During the same quarter in the previous year, the business posted ($0.59) EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Scientific Games Corp will post ($2.27) earnings per share for the current year.

In related news, Director Gabrielle K. Mcdonald sold 2,133 shares of Scientific Games Corp stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $38.50, for a total transaction of $82,120.50. Following the transaction, the director now owns 7,173 shares in the company, valued at $276,160.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Gavin Isaacs sold 68,036 shares of Scientific Games Corp stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $38.85, for a total value of $2,643,198.60. Following the transaction, the director now owns 110,815 shares in the company, valued at approximately $4,305,162.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 192,850 shares of company stock worth $7,281,691. 41.53% of the stock is currently owned by company insiders.

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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