Inspired Entertainment (INSE) Scheduled to Post Quarterly Earnings on Tuesday

Inspired Entertainment (NASDAQ:INSEGet Rating) will post its quarterly earnings results after the market closes on Tuesday, May 10th. Analysts expect Inspired Entertainment to post earnings of ($0.10) per share for the quarter.

Inspired Entertainment (NASDAQ:INSEGet Rating) last posted its earnings results on Friday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.21). The firm had revenue of $67.00 million for the quarter, compared to analysts’ expectations of $61.40 million. During the same period last year, the firm posted $0.49 EPS. On average, analysts expect Inspired Entertainment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

INSE traded up $0.42 during trading on Wednesday, hitting $9.91. 109,498 shares of the company traded hands, compared to its average volume of 222,152. The firm has a market capitalization of $266.48 million, a price-to-earnings ratio of -4.08 and a beta of 1.47. The firm’s fifty day moving average price is $11.83. Inspired Entertainment has a one year low of $7.40 and a one year high of $15.81.

Separately, Zacks Investment Research upgraded shares of Inspired Entertainment from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Tuesday, March 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INSE. BlackRock Inc. lifted its holdings in Inspired Entertainment by 322.3% during the fourth quarter. BlackRock Inc. now owns 303,403 shares of the company’s stock valued at $3,932,000 after purchasing an additional 231,551 shares during the last quarter. Morgan Stanley lifted its holdings in Inspired Entertainment by 108.9% during the second quarter. Morgan Stanley now owns 320,798 shares of the company’s stock valued at $4,090,000 after purchasing an additional 167,213 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Inspired Entertainment by 492.5% during the third quarter. Dimensional Fund Advisors LP now owns 95,611 shares of the company’s stock valued at $1,119,000 after purchasing an additional 79,473 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Inspired Entertainment by 39.0% during the fourth quarter. Geode Capital Management LLC now owns 201,580 shares of the company’s stock valued at $2,612,000 after purchasing an additional 56,523 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Inspired Entertainment during the fourth quarter valued at about $566,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment Company Profile (Get Rating)

Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. The company operates through four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.

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Earnings History for Inspired Entertainment (NASDAQ:INSE)

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