Inspired Entertainment (NASDAQ:INSE) Posts Earnings Results, Misses Estimates By $0.13 EPS

Inspired Entertainment (NASDAQ:INSE) posted its quarterly earnings data on Monday. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13), RTT News reports. The company had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $79.19 million. Inspired Entertainment had a negative return on equity of 6.35% and a negative net margin of 0.10%.

Inspired Entertainment Stock Down 3.6 %

INSE stock traded down $0.33 during midday trading on Tuesday, hitting $8.84. The company’s stock had a trading volume of 19,407 shares, compared to its average volume of 145,309. Inspired Entertainment has a 52-week low of $7.51 and a 52-week high of $11.61. The firm has a market capitalization of $234.90 million, a P/E ratio of -882.92 and a beta of 1.38. The firm has a 50-day simple moving average of $9.81 and a 200-day simple moving average of $9.52.

Analysts Set New Price Targets

INSE has been the subject of a number of research analyst reports. New Street Research set a $21.00 price objective on shares of Inspired Entertainment in a research report on Friday. Truist Financial set a $19.00 price objective on shares of Inspired Entertainment in a research report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $14.00 price objective on shares of Inspired Entertainment in a research report on Friday.

About Inspired Entertainment

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.