B. Riley Issues Negative Outlook for Light & Wonder Earnings

Light & Wonder, Inc. (NASDAQ:LNW) – Stock analysts at B. Riley dropped their Q2 2025 earnings per share estimates for Light & Wonder in a research report issued to clients and investors on Wednesday, November 13th. B. Riley analyst D. Bain now expects that the company will post earnings per share of $1.24 for the quarter, down from their prior forecast of $1.36. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Light & Wonder’s current full-year earnings is $4.41 per share. B. Riley also issued estimates for Light & Wonder’s Q4 2025 earnings at $1.41 EPS and FY2025 earnings at $4.89 EPS.

Several other analysts have also recently commented on LNW. Susquehanna dropped their target price on shares of Light & Wonder from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Maxim Group started coverage on Light & Wonder in a research note on Monday, August 26th. They issued a “buy” rating and a $144.00 target price on the stock. Truist Financial lowered their price target on Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Light & Wonder from $76.00 to $81.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $107.36.

Light & Wonder Trading Up 0.2 %

LNW opened at $93.24 on Friday. The firm has a 50 day simple moving average of $98.06 and a 200 day simple moving average of $99.89. Light & Wonder has a fifty-two week low of $76.52 and a fifty-two week high of $115.00. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.58.

Institutional Investors Weigh In On Light & Wonder

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Light & Wonder in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP bought a new position in shares of Light & Wonder in the 3rd quarter valued at about $29,000. GAMMA Investing LLC increased its position in shares of Light & Wonder by 59.6% in the second quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock valued at $43,000 after acquiring an additional 152 shares during the last quarter. Quarry LP bought a new stake in Light & Wonder during the third quarter worth about $51,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Light & Wonder during the third quarter valued at approximately $108,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder declared that its board has authorized a stock buyback program on Wednesday, August 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.