B. Riley Forecasts Light & Wonder’s Q1 Earnings (NASDAQ:LNW)

Light & Wonder, Inc. (NASDAQ:LNW) – B. Riley reduced their Q1 2025 earnings per share (EPS) estimates for Light & Wonder in a research note issued on Wednesday, November 13th. B. Riley analyst D. Bain now expects that the company will earn $0.96 per share for the quarter, down from their previous estimate of $1.04. B. Riley currently 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 Q3 2025 earnings at $1.28 EPS.

Light & Wonder (NASDAQ:LNW) last released its quarterly earnings results on Tuesday, November 12th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.18. Light & Wonder had a return on equity of 50.89% and a net margin of 9.30%. The company had revenue of $817.00 million during the quarter, compared to analysts’ expectations of $826.65 million.

Several other research analysts have also recently weighed in on the company. Susquehanna decreased their target price on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. UBS Group raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, September 25th. Benchmark reaffirmed a “buy” rating and set a $114.00 target price on shares of Light & Wonder in a report on Thursday, August 8th. Stifel Nicolaus reduced their target price on Light & Wonder from $108.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. Finally, Maxim Group began coverage on Light & Wonder in a research note on Monday, August 26th. They issued a “buy” rating and a $144.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.36.

Light & Wonder Trading Up 0.9 %

Shares of LNW stock opened at $93.10 on Thursday. The stock has a 50-day simple moving average of $98.30 and a 200 day simple moving average of $99.81. Light & Wonder has a fifty-two week low of $76.52 and a fifty-two week high of $115.00. The stock has a market capitalization of $8.26 billion, a P/E ratio of 28.91, a P/E/G ratio of 0.43 and a beta of 1.75. The company has a quick ratio of 1.58, a current ratio of 1.85 and a debt-to-equity ratio of 4.90.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its holdings in Light & Wonder by 573.3% in the 2nd quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock valued at $60,761,000 after buying an additional 493,295 shares during the last quarter. SG Americas Securities LLC grew its holdings in Light & Wonder by 121.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,263 shares of the company’s stock valued at $1,496,000 after buying an additional 7,828 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Light & Wonder in the 2nd quarter valued at approximately $23,597,000. Intech Investment Management LLC acquired a new stake in Light & Wonder in the 2nd quarter valued at approximately $1,620,000. Finally, M&G Plc acquired a new stake in Light & Wonder in the 1st quarter valued at approximately $10,570,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Light & Wonder announced that its Board of Directors has approved a share buyback program on Wednesday, August 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 10.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

About Light & Wonder

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.