NeoGames S.A. (NASDAQ:NGMS) Expected to Post Quarterly Sales of $12.36 Million

Wall Street analysts predict that NeoGames S.A. (NASDAQ:NGMSGet Rating) will announce sales of $12.36 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for NeoGames’ earnings. The lowest sales estimate is $11.30 million and the highest is $13.30 million. NeoGames reported sales of $13.35 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.4%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that NeoGames will report full-year sales of $51.23 million for the current fiscal year, with estimates ranging from $47.80 million to $54.50 million. For the next fiscal year, analysts forecast that the company will post sales of $53.92 million, with estimates ranging from $47.40 million to $58.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover NeoGames.

NeoGames (NASDAQ:NGMSGet Rating) last posted its earnings results on Wednesday, March 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). NeoGames had a return on equity of 14.50% and a net margin of 9.22%. The company had revenue of $12.25 million during the quarter, compared to the consensus estimate of $11.85 million.

Several equities analysts recently commented on NGMS shares. Jefferies Financial Group initiated coverage on shares of NeoGames in a report on Thursday, March 31st. They set a “buy” rating and a $20.00 price target on the stock. Truist Financial decreased their target price on shares of NeoGames from $33.00 to $30.00 in a research report on Friday, March 11th. Finally, Zacks Investment Research lowered shares of NeoGames from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 15th.

Shares of NGMS traded up $0.26 during trading hours on Friday, reaching $13.34. 3,174 shares of the stock traded hands, compared to its average volume of 247,585. The company has a market cap of $293.43 million, a P/E ratio of 76.94 and a beta of 2.38. NeoGames has a 52-week low of $11.59 and a 52-week high of $73.54. The company has a current ratio of 2.17, a quick ratio of 2.42 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $18.56 and its two-hundred day moving average price is $27.61.

Several large investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in NeoGames by 52.3% in the 3rd quarter. Royal Bank of Canada now owns 780 shares of the company’s stock valued at $28,000 after purchasing an additional 268 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of NeoGames by 39.3% during the 4th quarter. Legal & General Group Plc now owns 1,629 shares of the company’s stock worth $45,000 after purchasing an additional 460 shares during the last quarter. Deutsche Bank AG boosted its holdings in NeoGames by 9.6% in the fourth quarter. Deutsche Bank AG now owns 6,565 shares of the company’s stock valued at $183,000 after acquiring an additional 577 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in NeoGames in the third quarter valued at about $25,000. Finally, Alliancebernstein L.P. increased its position in shares of NeoGames by 12.2% during the fourth quarter. Alliancebernstein L.P. now owns 10,100 shares of the company’s stock worth $281,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 54.28% of the company’s stock.

NeoGames Company Profile (Get Rating)

NeoGames SA provides a suite of iLottery technology solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices.

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Earnings History and Estimates for NeoGames (NASDAQ:NGMS)

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