Positive Media Coverage Somewhat Unlikely to Affect Scientific Games (SGMS) Share Price

Media headlines about Scientific Games (NASDAQ:SGMS) have trended positive on Saturday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scientific Games earned a news impact score of 0.25 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 44.4492624701486 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

A number of research analysts have commented on SGMS shares. Craig Hallum reiterated a “buy” rating and set a $56.00 price target (up from $45.00) on shares of Scientific Games in a research report on Thursday, October 5th. Stifel Nicolaus increased their price target on shares of Scientific Games from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 18th. Finally, Bank of America reiterated a “buy” rating and set a $50.00 price target (up from $38.00) on shares of Scientific Games in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.20.

Shares of Scientific Games (NASDAQ SGMS) traded down $1.15 during mid-day trading on Friday, reaching $49.95. The company had a trading volume of 423,908 shares, compared to its average volume of 517,875. Scientific Games has a 12 month low of $13.65 and a 12 month high of $54.95. The stock has a market capitalization of $4,580.67, a price-to-earnings ratio of -14.27 and a beta of 2.65. The company has a debt-to-equity ratio of -4.07, a current ratio of 1.83 and a quick ratio of 1.45.

Scientific Games (NASDAQ:SGMS) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.22). The company had revenue of $768.90 million during the quarter, compared to the consensus estimate of $748.56 million. During the same period last year, the firm earned ($1.13) earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. research analysts predict that Scientific Games will post -2.47 EPS for the current year.

In other news, Director Michael J. Regan sold 17,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $46.88, for a total transaction of $796,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Kennedy sold 40,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $48.26, for a total value of $1,930,400.00. Following the transaction, the director now owns 63,551 shares of the company’s stock, valued at $3,066,971.26. The disclosure for this sale can be found here. Insiders have sold 195,384 shares of company stock valued at $9,436,666 in the last three months. Insiders own 40.61% of the company’s stock.

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Scientific Games Company Profile

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.

Insider Buying and Selling by Quarter for Scientific Games (NASDAQ:SGMS)

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