Light & Wonder (NASDAQ:LNW) Announces Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Light & Wonder (NASDAQ:LNW) released its earnings results on Wednesday. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14), Briefing.com reports. The business had revenue of $818.00 million during the quarter, compared to the consensus estimate of $798.09 million. Light & Wonder had a net margin of 7.43% and a return on equity of 32.27%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS.

Light & Wonder Trading Down 0.6 %

LNW stock traded down $0.58 during trading on Friday, hitting $101.73. The company had a trading volume of 430,902 shares, compared to its average volume of 719,529. The company has a current ratio of 1.98, a quick ratio of 1.72 and a debt-to-equity ratio of 4.61. Light & Wonder has a one year low of $67.71 and a one year high of $109.30. The business has a 50-day moving average of $101.79 and a 200-day moving average of $96.61. The stock has a market cap of $9.17 billion, a PE ratio of 42.21, a PEG ratio of 0.42 and a beta of 1.79.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LNW shares. Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a report on Thursday. Mizuho lowered their price target on shares of Light & Wonder from $83.00 to $79.00 and set an “underperform” rating for the company in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Light & Wonder from $76.00 to $81.00 and gave the company a “hold” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on Light & Wonder from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Macquarie increased their target price on Light & Wonder from $120.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $99.75.

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.