With Shares Trading down at $25.70 (SGMS) Scientific Games to Report Second…

Claudine Rigal
Juillet 18, 2017

News headlines about Scientific Games Corp (NASDAQ:SGMS) have trended positive on Wednesday, Accern Sentiment Analysis reports. Four analysts have issued estimates for Scientific Games Corp's earnings. The firm's revenue was up 6.4% compared to the same quarter previous year.

It is trading at $25.95 which is slightly above $24.76, the stock's 50 day moving average and just above the 200 day moving average of $20.85. Scientific Games Corp has a 1-year low of $8.07 and a 1-year high of $27.20. Teachers Advisors LLC now owns 86,229 shares of the technology company's stock valued at $1,207,000 after buying an additional 3,450 shares in the last quarter. On average, equities research analysts forecast that Scientific Games Corp will post ($2.45) EPS for the current year. Zacks Investment Research upgraded shares of Scientific Games Corp from a "hold" rating to a "buy" rating and set a $26.00 price objective for the company in a report on Tuesday, May 2nd. BidaskClub raised Scientific Games Corp from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 10th. The firm's market cap is $2.30 billion. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. The company has a 50-day moving average of $24.76 and a 200 day moving average of $20.85. Analysts expect next quarter's EPS to be $-0.40 with next year's EPS anticipated to be $-0.82. The company had revenue of $725.40 million during the quarter, compared to analyst estimates of $706.74 million. Finally, Zacks Investment Research lowered Scientific Games Corp from a "buy" rating to a "hold" rating in a research note on Thursday, May 4th.

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Institutional investors have recently bought and sold shares of the company. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and global copyright & trademark laws. Parametrica Management Ltd bought a new stake in shares of Scientific Games Corp during the first quarter valued at $211,000. SG Americas Securities LLC bought a new stake in shares of Scientific Games Corp during the first quarter valued at $130,000. The correct version of this article can be accessed at https://www.thestockobserver.com/2017/07/17/scientific-games-corp-sgms-to-release-quarterly-earnings-on-monday.html. USA Financial Portformulas Corp acquired a new stake in Scientific Games Corp during the fourth quarter worth approximately $242,000.

In other news, Director Michael Gavin Isaacs sold 154,951 shares of the firm's stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $22.81, for a total value of $3,534,432.31. Finally, Thrivent Financial for Lutherans increased its stake in Scientific Games Corp by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 27,270 shares of the technology company's stock valued at $382,000 after buying an additional 1,380 shares in the last quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. They now have a $24.00 target price on the technology company's stock. Vanguard Group Inc. now owns 5,916,233 shares of the technology company's stock valued at $139,918,000 after buying an additional 1,278,837 shares during the last quarter.

Scientific Games Corporation, launched on July 2, 1984, is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. The Business's segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.

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