Light & Wonder (LNW) Expected to Announce Earnings on Tuesday

Light & Wonder (NASDAQ:LNW) will likely be releasing its earnings data after the market closes on Tuesday, February 25th. Analysts expect Light & Wonder to post earnings of $1.08 per share and revenue of $799.17 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Light & Wonder Price Performance

Shares of NASDAQ LNW opened at $101.83 on Friday. The firm’s 50-day moving average price is $89.67 and its 200-day moving average price is $96.03. Light & Wonder has a 1-year low of $84.00 and a 1-year high of $115.00. The firm has a market capitalization of $8.99 billion, a P/E ratio of 31.62, a P/E/G ratio of 0.35 and a beta of 1.72. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LNW. Benchmark restated a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a report on Wednesday. Macquarie increased their target price on shares of Light & Wonder from $117.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group increased their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price objective on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.25.

Light & Wonder Company Profile

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.