Playtika Holding Corp. (NASDAQ:PLTK) Declares Quarterly Dividend of $0.10

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.10 per share on Friday, January 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Friday, December 20th.

Playtika has a payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Playtika to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 55.6%.

Playtika Trading Down 0.6 %

Shares of PLTK traded down $0.05 during trading hours on Friday, hitting $8.31. The company had a trading volume of 860,818 shares, compared to its average volume of 863,961. Playtika has a one year low of $6.25 and a one year high of $9.23. The company's fifty day moving average price is $7.69 and its two-hundred day moving average price is $7.80. The company has a market capitalization of $3.09 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 1.70 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The firm had revenue of $620.80 million during the quarter, compared to analysts' expectations of $622.46 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. Analysts forecast that Playtika will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Macquarie restated a "neutral" rating and set a $7.00 target price on shares of Playtika in a research note on Friday. Wedbush restated an "outperform" rating and set a $11.50 price target on shares of Playtika in a research note on Thursday, September 19th. Morgan Stanley increased their price objective on shares of Playtika from $7.40 to $8.25 and gave the company an "equal weight" rating in a research report on Tuesday, July 23rd. Finally, Roth Mkm boosted their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Playtika presently has an average rating of "Hold" and an average target price of $9.21.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.