Media stories about Scientific Games (NASDAQ:SGMS) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scientific Games earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.109248486762 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
Scientific Games (NASDAQ:SGMS) opened at $53.85 on Friday. Scientific Games has a 52-week low of $15.00 and a 52-week high of $54.95. The stock has a market capitalization of $4,830.00, a P/E ratio of -15.39 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 earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22). The business had revenue of $768.90 million during the quarter, compared to the consensus estimate of $748.56 million. During the same quarter last year, the firm posted ($1.13) earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. equities research analysts anticipate that Scientific Games will post -2.47 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Craig Hallum restated a “buy” rating and issued a $56.00 price target (up previously from $45.00) on shares of Scientific Games in a report on Thursday, October 5th. Bank of America restated a “buy” rating and issued a $50.00 price target (up previously from $38.00) on shares of Scientific Games in a report on Wednesday, September 20th. Finally, Stifel Nicolaus upped their price target on Scientific Games from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Scientific Games presently has a consensus rating of “Buy” and a consensus price target of $42.20.
In related news, Director Michael J. Regan sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $46.88, for a total transaction of $796,960.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard M. Haddrill sold 8,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 136,542 shares in the company, valued at $7,001,873.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,384 shares of company stock worth $9,436,666. 40.61% of the stock is currently owned by corporate 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.
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