Light & Wonder (NASDAQ:LNW – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Light & Wonder to post earnings of $1.16 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Light & Wonder (NASDAQ:LNW – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14). Light & Wonder had a net margin of 9.92% and a return on equity of 40.51%. The business had revenue of $818.00 million for the quarter, compared to the consensus estimate of $798.09 million. During the same quarter in the prior year, the business posted $1.02 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts expect Light & Wonder to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Light & Wonder Stock Up 0.1 %
Shares of LNW stock opened at $94.36 on Tuesday. Light & Wonder has a twelve month low of $76.52 and a twelve month high of $115.00. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 0.40 and a beta of 1.75. The company has a debt-to-equity ratio of 4.90, a quick ratio of 1.58 and a current ratio of 1.85. The stock’s 50 day simple moving average is $99.82 and its 200 day simple moving average is $99.51.
Analysts Set New Price Targets
LNW has been the subject of a number of research reports. Truist Financial reduced their price objective on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. B. Riley assumed coverage on Light & Wonder in a report on Tuesday, October 8th. They set a “buy” rating and a $120.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Light & Wonder from $107.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research note on Thursday, August 8th. Finally, Maxim Group initiated coverage on shares of Light & Wonder in a research note on Monday, August 26th. They issued a “buy” rating and a $144.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $107.36.
Read Our Latest Stock Analysis on Light & Wonder
Light & Wonder Company Profile
Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.
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