Scientific Games (SGMS) Set to Announce Earnings on Thursday

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Scientific Games (NASDAQ:SGMS) will be posting its Q3 quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect Scientific Games to post earnings of ($0.18) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Shares of NASDAQ:SGMS opened at $21.65 on Wednesday. Scientific Games has a twelve month low of $18.21 and a twelve month high of $62.80. The company has a market cap of $2.08 billion, a PE ratio of -9.71 and a beta of 2.21.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Scientific Games from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Monday, July 16th. BidaskClub raised Scientific Games from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine lowered Scientific Games from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 3rd. Credit Suisse Group assumed coverage on Scientific Games in a research report on Tuesday, August 14th. They set an “underperform” rating and a $31.00 target price on the stock. Finally, TheStreet lowered Scientific Games from a “c-” rating to a “d+” rating in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.43.

In other Scientific Games news, insider Barry L. Cottle acquired 10,000 shares of Scientific Games stock in a transaction on Thursday, August 9th. The stock was purchased at an average price of $33.24 per share, for a total transaction of $332,400.00. Following the purchase, the insider now directly owns 76,287 shares of the company’s stock, valued at $2,535,779.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barry F. Schwartz acquired 5,000 shares of Scientific Games stock in a transaction on Wednesday, August 15th. The stock was acquired at an average price of $30.35 per share, with a total value of $151,750.00. Following the purchase, the director now directly owns 101,852 shares in the company, valued at $3,091,208.20. The disclosure for this purchase can be found here. Insiders have purchased 195,000 shares of company stock valued at $6,160,700 in the last quarter. 40.48% of the stock is currently owned by corporate insiders.

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Scientific Games Company Profile

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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Earnings History for Scientific Games (NASDAQ:SGMS)

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