NTN Buzztime Inc (NTN) to Release Quarterly Earnings on Monday
NTN Buzztime Inc (NYSEMKT:NTN) will be announcing its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
NTN Buzztime (NYSEMKT:NTN) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.28. The business had revenue of $5.55 million during the quarter, compared to analyst estimates of $5.74 million. NTN Buzztime had a negative return on equity of 11.09% and a negative net margin of 2.96%.
Shares of NTN Buzztime Inc (NTN) opened at $5.85 on Friday. NTN Buzztime Inc has a 52 week low of $5.42 and a 52 week high of $12.00.
In related news, major shareholder Awm Investment Company, Inc. sold 6,093 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $7.52, for a total transaction of $45,819.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 16,937 shares of company stock valued at $126,858 in the last quarter.
A hedge fund recently raised its stake in NTN Buzztime stock. Vanguard Group Inc. boosted its position in NTN Buzztime Inc (NYSEMKT:NTN) by 25.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,610 shares of the company’s stock after purchasing an additional 3,606 shares during the quarter. Vanguard Group Inc. owned approximately 0.70% of NTN Buzztime worth $120,000 at the end of the most recent quarter.
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Several analysts have weighed in on NTN shares. Roth Capital set a $9.00 price objective on NTN Buzztime and gave the company a “hold” rating in a research report on Tuesday, August 1st. ValuEngine downgraded NTN Buzztime from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded NTN Buzztime from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th.
NTN Buzztime Company Profile
NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.
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