B. Riley Has Bearish Estimate for Light & Wonder Q2 Earnings

Light & Wonder, Inc. (NASDAQ:LNW - Free Report) - Equities research analysts at B. Riley cut their Q2 2025 earnings estimates for Light & Wonder in a research report issued to clients and investors on Wednesday, November 13th. B. Riley analyst D. Bain now anticipates that the company will earn $1.24 per share for the quarter, down from their previous 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.

Light & Wonder (NASDAQ:LNW - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.18. The business had revenue of $817.00 million for the quarter, compared to analyst estimates of $826.65 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%.

LNW has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective on Light & Wonder from $107.00 to $111.00 and gave the stock an "overweight" rating in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price objective on Light & Wonder from $108.00 to $100.00 and set a "hold" rating on the stock in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Light & Wonder from $76.00 to $81.00 and gave the stock a "hold" rating in a research report on Thursday, August 8th. Benchmark reissued a "buy" rating and set a $114.00 target price on shares of Light & Wonder in a research report on Thursday, August 8th. Finally, UBS Group raised Light & Wonder from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $107.36.

Light & Wonder Stock Up 0.5 %

Shares of NASDAQ:LNW traded up $0.49 during midday trading on Friday, hitting $93.59. 533,869 shares of the stock were exchanged, compared to its average volume of 710,632. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.58 and a current ratio of 1.88. Light & Wonder has a 52-week low of $76.52 and a 52-week high of $115.00. The business's fifty day simple moving average is $98.30 and its two-hundred day simple moving average is $99.81. The company has a market capitalization of $8.26 billion, a PE ratio of 28.91, a P/E/G ratio of 0.39 and a beta of 1.75.

Light & Wonder announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On Light & Wonder

A number of institutional investors have recently added to or reduced their stakes in LNW. SG Americas Securities LLC raised its stake in Light & Wonder by 239.9% during the first quarter. SG Americas Securities LLC now owns 6,435 shares of the company's stock worth $657,000 after buying an additional 4,542 shares during the last quarter. QRG Capital Management Inc. raised its position in Light & Wonder by 33.0% in the 1st quarter. QRG Capital Management Inc. now owns 9,828 shares of the company's stock valued at $1,003,000 after buying an additional 2,437 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Light & Wonder by 3.9% during the first quarter. Russell Investments Group Ltd. now owns 43,414 shares of the company's stock valued at $4,432,000 after purchasing an additional 1,636 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Light & Wonder by 3.9% in the 1st quarter. ProShare Advisors LLC now owns 20,642 shares of the company's stock worth $2,107,000 after buying an additional 777 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in Light & Wonder in the first quarter worth $773,000. 88.08% of the stock is owned by institutional investors.

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.