Light & Wonder (LNW) Scheduled to Post Earnings on Tuesday

Light & Wonder (NASDAQ:LNW - Get Free Report) is set to post 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 listening to the company's conference call can do so using this link.

Light & Wonder (NASDAQ:LNW - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.14). The firm had revenue of $818.00 million during the quarter, compared to the consensus estimate of $798.09 million. Light & Wonder had a net margin of 9.92% and a return on equity of 40.51%. The firm's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. 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 Price Performance

LNW traded up $1.44 during trading on Tuesday, reaching $95.80. The stock had a trading volume of 300,129 shares, compared to its average volume of 711,463. The business has a 50-day moving average of $99.82 and a 200-day moving average of $99.51. Light & Wonder has a one year low of $76.52 and a one year high of $115.00. The stock has a market cap of $8.50 billion, a PE ratio of 28.86, 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.

Light & Wonder announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Light & Wonder from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. B. Riley initiated coverage on shares of Light & Wonder in a research report on Tuesday, October 8th. They set a "buy" rating and a $120.00 price objective for the company. Stifel Nicolaus cut their price target on shares of Light & Wonder from $108.00 to $100.00 and set a "hold" rating on the stock in a research note on Wednesday, September 25th. UBS Group upgraded shares of Light & Wonder from a "neutral" rating to a "buy" rating in a research note on Wednesday, September 25th. Finally, Maxim Group began 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.