Research Analysts Set Expectations for SciPlay Co.’s Q1 2024 Earnings (NASDAQ:SCPL)

SciPlay Co. (NASDAQ:SCPL – Get Rating) – Wedbush boosted their Q1 2024 earnings per share (EPS) estimates for SciPlay in a research note issued on Wednesday, May 10th. Wedbush analyst M. Pachter now anticipates that the company will earn $0.25 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for SciPlay’s current full-year earnings is $1.08 per share. Wedbush also issued estimates for SciPlay’s Q2 2024 earnings at $0.27 EPS, Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.40 EPS, FY2024 earnings at $1.23 EPS and FY2025 earnings at $1.38 EPS.

Other analysts also recently issued research reports about the stock. Morgan Stanley raised their price target on shares of SciPlay from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Friday, March 3rd. The Goldman Sachs Group lifted their target price on shares of SciPlay from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, January 19th. Stifel Nicolaus lifted their target price on shares of SciPlay from $18.00 to $19.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of SciPlay from $19.00 to $21.00 in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of SciPlay from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.41.

SciPlay Price Performance

SCPL opened at $16.58 on Monday. The company’s 50 day simple moving average is $16.88 and its two-hundred day simple moving average is $16.13. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 17.83 and a beta of 0.40. SciPlay has a 1-year low of $10.60 and a 1-year high of $19.28.

SciPlay (NASDAQ:SCPL – Get Rating) last posted its earnings results on Wednesday, March 1st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm had revenue of $182.10 million for the quarter, compared to analysts’ expectations of $177.59 million. SciPlay had a return on equity of 3.84% and a net margin of 3.34%.

Institutional Trading of SciPlay

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of SciPlay by 9,806.7% in the 1st quarter. FMR LLC now owns 1,486 shares of the company’s stock worth $25,000 after purchasing an additional 1,471 shares in the last quarter. Fifth Third Bancorp purchased a new position in SciPlay during the first quarter valued at approximately $31,000. AXS Investments LLC purchased a new position in SciPlay during the fourth quarter valued at approximately $75,000. Lazard Asset Management LLC grew its position in SciPlay by 24.0% during the third quarter. Lazard Asset Management LLC now owns 7,991 shares of the company’s stock valued at $93,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Barclays PLC grew its position in SciPlay by 1,671.9% during the fourth quarter. Barclays PLC now owns 7,247 shares of the company’s stock valued at $117,000 after purchasing an additional 6,838 shares in the last quarter. 17.64% of the stock is currently owned by institutional investors.

Insider Transactions at SciPlay

In other news, CFO Daniel Oquinn sold 5,900 shares of SciPlay stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $16.75, for a total value of $98,825.00. Following the completion of the transaction, the chief financial officer now directly owns 2,402 shares of the company’s stock, valued at approximately $40,233.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company’s stock.

SciPlay Company Profile

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SciPlay Corp. engages in the development and commercialization of games. It offers social casino games that include Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, Quick Hit Slots, Monopoly Slots, and 88 Fortunes Slots and casual games, which include Bingo Showdown, and Solitaire Pets Adventure.