Light & Wonder (LNW) to Release Earnings on Wednesday

Light & Wonder (NASDAQ:LNW) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Light & Wonder to post earnings of $0.70 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Light & Wonder (NASDAQ:LNW) last posted its earnings results on Tuesday, February 27th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.03). Light & Wonder had a net margin of 5.58% and a return on equity of 23.68%. The company had revenue of $770.00 million during the quarter, compared to analyst estimates of $748.30 million. During the same quarter last year, the business posted $0.12 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts expect Light & Wonder to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Light & Wonder Stock Up 1.9 %

NASDAQ:LNW opened at $92.96 on Monday. Light & Wonder has a 52 week low of $56.01 and a 52 week high of $108.90. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 5.04. The stock’s fifty day moving average is $97.68 and its two-hundred day moving average is $88.03. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 52.82 and a beta of 1.80.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Macquarie boosted their price target on shares of Light & Wonder from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Benchmark initiated coverage on shares of Light & Wonder in a research note on Tuesday, January 16th. They issued a “buy” rating and a $92.00 price target for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 price objective (up from $97.00) on shares of Light & Wonder in a research note on Thursday, March 14th. Redburn Atlantic cut Light & Wonder from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $105.00 to $110.00 in a research note on Monday, March 11th. Finally, Mizuho started coverage on Light & Wonder in a research report on Tuesday, March 26th. They issued an “underperform” rating and a $83.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.75.

Insiders Place Their Bets

In related news, VP James Sottile sold 1,549 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $101.15, for a total value of $156,681.35. Following the completion of the sale, the vice president now owns 57,478 shares in the company, valued at approximately $5,813,899.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Vanja Kalabic sold 1,149 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $100.72, for a total transaction of $115,727.28. Following the completion of the sale, the chief accounting officer now owns 1,600 shares in the company, valued at $161,152. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James Sottile sold 1,549 shares of Light & Wonder stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $101.15, for a total transaction of $156,681.35. Following the completion of the transaction, the vice president now owns 57,478 shares in the company, valued at $5,813,899.70. The disclosure for this sale can be found here. Insiders have sold a total of 7,537 shares of company stock valued at $760,427 over the last quarter. Company insiders own 2.00% of the company’s stock.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.