NeoGames (NGMS) Set to Announce Quarterly Earnings on Wednesday

NeoGames (NASDAQ:NGMS – Get Rating) is set to release its earnings data after the market closes on Wednesday, May 11th. Analysts expect NeoGames to post earnings of $0.10 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

NeoGames (NASDAQ:NGMS – Get Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.09). The business had revenue of $12.25 million for the quarter, compared to analysts’ expectations of $11.85 million. NeoGames had a return on equity of 14.50% and a net margin of 9.22%. On average, analysts expect NeoGames to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:NGMS opened at $14.80 on Wednesday. The firm has a market capitalization of $325.54 million, a price-to-earnings ratio of 87.06 and a beta of 2.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.27 and a quick ratio of 2.27. The business has a fifty day moving average price of $15.09 and a 200-day moving average price of $24.88. NeoGames has a one year low of $10.69 and a one year high of $73.54.

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

Several institutional investors have recently made changes to their positions in NGMS. Royal Bank of Canada grew its position in shares of NeoGames by 52.3% during the third quarter. Royal Bank of Canada now owns 780 shares of the company’s stock worth $28,000 after purchasing an additional 268 shares in the last quarter. Legal & General Group Plc boosted its stake in NeoGames by 39.3% in 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 period. Citigroup Inc. grew its holdings in NeoGames by 48.0% during the 4th quarter. Citigroup Inc. now owns 5,712 shares of the company’s stock valued at $159,000 after buying an additional 1,853 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of NeoGames by 2,750.2% during the fourth quarter. Wells Fargo & Company MN now owns 5,957 shares of the company’s stock valued at $165,000 after buying an additional 5,748 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of NeoGames by 184.1% in the first quarter. Morgan Stanley now owns 4,847 shares of the company’s stock worth $174,000 after buying an additional 3,141 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

About NeoGames (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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