Playtika (PLTK) to Release Earnings on Thursday

Playtika (NASDAQ:PLTK) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The company had revenue of $637.90 million for the quarter, compared to analyst estimates of $630.26 million. Playtika had a negative return on equity of 81.85% and a net margin of 9.15%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, analysts expect Playtika to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Playtika Stock Up 0.9 %

PLTK stock opened at $7.83 on Tuesday. Playtika has a 52 week low of $6.25 and a 52 week high of $12.90. The firm has a 50-day simple moving average of $7.09 and a 200-day simple moving average of $7.74. The stock has a market capitalization of $2.91 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.15 and a beta of 0.79.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were given a $0.10 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 5.11%. Playtika’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Wedbush cut their price objective on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Morgan Stanley lowered their target price on Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Bank of America lowered Playtika from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $11.00 to $8.00 in a research report on Thursday, January 18th. Finally, The Goldman Sachs Group reduced their price objective on Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Playtika presently has a consensus rating of “Hold” and an average target price of $10.43.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.