Somewhat Positive News Coverage Somewhat Unlikely to Impact Scientific Games (SGMS) Stock Price
Media coverage about Scientific Games (NASDAQ:SGMS) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scientific Games earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 47.0131639506978 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Scientific Games appoints Doug Albregts as new EVP and Group CEO of the Gaming Division (seekingalpha.com)
- Financial Exchange Stock Talk: Ranjit Thomas On LGI Homes And Scientific Games (seekingalpha.com)
- Option Bulls Can Still Profit From Playing Scientific Games In Wake Of Supreme Court Ruling (finance.yahoo.com)
- Scientific Games Announces Doug Albregts as New EVP and Group Chief Executive Officer of the Gaming Division (finance.yahoo.com)
- Scientific Games Shares Expert Opinions on PASPA and Sports Betting Opportunities in the United States (finance.yahoo.com)
SGMS has been the topic of several analyst reports. Zacks Investment Research cut Scientific Games from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. BidaskClub cut Scientific Games from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Stifel Nicolaus reissued a “hold” rating and set a $55.00 price objective on shares of Scientific Games in a research note on Friday, February 2nd. Jefferies Group initiated coverage on Scientific Games in a research note on Tuesday, February 20th. They set a “buy” rating and a $57.00 price objective on the stock. Finally, Bank of America reduced their price objective on Scientific Games from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, March 2nd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $56.67.
Scientific Games (NASDAQ:SGMS) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported ($1.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.91). The business had revenue of $812.00 million during the quarter, compared to the consensus estimate of $792.62 million. During the same quarter in the prior year, the firm earned ($1.14) earnings per share. Scientific Games’s revenue was up 12.0% compared to the same quarter last year. analysts predict that Scientific Games will post -0.82 EPS for the current fiscal year.
In other Scientific Games news, Director Michael Gavin Isaacs sold 56,649 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $46.17, for a total transaction of $2,615,484.33. Following the completion of the transaction, the director now owns 42,779 shares in the company, valued at $1,975,106.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter A. Cohen sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $41.54, for a total value of $207,700.00. Following the transaction, the director now owns 268,502 shares of the company’s stock, valued at approximately $11,153,573.08. The disclosure for this sale can be found here. Insiders have sold 322,412 shares of company stock worth $15,578,145 over the last three months. 40.61% of the stock is currently owned by insiders.
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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