Stifel Nicolaus Lowers Light & Wonder (NASDAQ:LNW) Price Target to $51.00

Light & Wonder (NASDAQ:LNW – Get Rating) had its target price decreased by analysts at Stifel Nicolaus from $61.00 to $51.00 in a research report issued to clients and investors on Monday, The Fly reports. Stifel Nicolaus’ price objective points to a potential upside of 0.04% from the stock’s previous close.

Other analysts have also issued reports about the stock. Truist Financial cut their target price on shares of Light & Wonder from $85.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Light & Wonder from $53.00 to $48.00 in a research note on Thursday, July 14th.

Light & Wonder Trading Up 3.8 %

Shares of NASDAQ:LNW opened at $50.98 on Monday. The stock has a 50 day moving average of $49.16. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 12.28 and a beta of 1.70. Light & Wonder has a twelve month low of $41.48 and a twelve month high of $90.20.

Light & Wonder (NASDAQ:LNW – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.31). The company had revenue of $572.00 million during the quarter, compared to analyst estimates of $563.35 million. Light & Wonder had a negative return on equity of 8.77% and a net margin of 16.02%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) earnings per share. Equities analysts forecast that Light & Wonder will post 0.18 earnings per share for the current fiscal year.

About Light & Wonder

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Light & Wonder, Inc develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games.