Somewhat Positive News Coverage Somewhat Unlikely to Affect Scientific Games (NASDAQ:SGMS) Stock Price

News stories about Scientific Games (NASDAQ:SGMS) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Scientific Games earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 44.2072154586031 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

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

Scientific Games (SGMS) opened at $52.50 on Thursday. The stock has a market cap of $4,710.00, a P/E ratio of -15.00 and a beta of 2.65. The company has a current ratio of 1.83, a quick ratio of 1.45 and a debt-to-equity ratio of -4.07. Scientific Games has a fifty-two week low of $15.00 and a fifty-two week high of $54.95.

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

In related news, Director Richard M. Haddrill sold 8,000 shares of Scientific Games stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $51.28, for a total value of $410,240.00. Following the completion of the sale, the director now owns 136,542 shares of the company’s stock, valued at approximately $7,001,873.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James C. Kennedy sold 30,384 shares of Scientific Games stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $48.35, for a total transaction of $1,469,066.40. Following the transaction, the executive vice president now directly owns 105,029 shares in the company, valued at $5,078,152.15. The disclosure for this sale can be found here. In the last three months, insiders sold 195,384 shares of company stock valued at $9,436,666. 40.61% of the stock is currently owned by insiders.

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About Scientific Games

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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