Light & Wonder (LNW) Set to Announce Quarterly Earnings on Tuesday

Light & Wonder (NASDAQ:LNW) 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) 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.

Light & Wonder announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.

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.