Brightstar Lottery (NYSE:BRSL) Receives Average Recommendation of “Hold” from Analysts

Brightstar Lottery (NYSE:BRSL) has been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.6667.

Several research analysts recently weighed in on BRSL shares. Stifel Nicolaus restated a “buy” rating and set a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a report on Wednesday. Jefferies Financial Group cut their price target on shares of Brightstar Lottery from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Zacks Research upgraded shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Truist Financial cut their price target on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Weiss Ratings cut shares of Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th.

Institutional Trading of Brightstar Lottery

Several hedge funds have recently added to or reduced their stakes in BRSL. Nomura Asset Management Co. Ltd. bought a new stake in Brightstar Lottery in the fourth quarter worth about $31,000. NewEdge Advisors LLC bought a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $32,000. Rockefeller Capital Management L.P. bought a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $52,000. Empowered Funds LLC bought a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $57,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $60,000. Institutional investors own 44.33% of the company’s stock.

Brightstar Lottery Stock Down 5.0%

Brightstar Lottery stock traded down $0.58 during midday trading on Wednesday, hitting $10.97. 3,845,849 shares of the stock were exchanged, compared to its average volume of 1,473,455. Brightstar Lottery has a 52-week low of $10.75 and a 52-week high of $18.57. The company has a market capitalization of $2.05 billion, a PE ratio of 14.44 and a beta of 1.04. The stock’s 50-day simple moving average is $12.82. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 2.55.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 9.81% and a net margin of 5.85%.The firm had revenue of $587.00 million for the quarter. The business’s revenue was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Brightstar Lottery will post 0.83 earnings per share for the current fiscal year.

Brightstar Lottery Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.92 annualized dividend and a yield of 8.4%. Brightstar Lottery’s payout ratio is currently 121.05%.

Brightstar Lottery Company Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.