Playtika (NASDAQ:PLTK) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Playtika (NASDAQ:PLTK - Get Free Report) announced its earnings results on Thursday. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.15), Zacks reports. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business had revenue of $650.30 million during the quarter, compared to analysts' expectations of $631.02 million. Playtika updated its FY 2025 guidance to EPS.

Playtika Trading Down 3.6 %

Shares of NASDAQ:PLTK traded down $0.19 on Monday, reaching $5.09. 2,660,819 shares of the company were exchanged, compared to its average volume of 947,581. Playtika has a 1-year low of $5.07 and a 1-year high of $9.15. The company has a 50-day moving average of $6.99 and a 200-day moving average of $7.54. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 7.86%. Playtika's payout ratio is currently 90.91%.

Wall Street Analysts Forecast Growth

Several analysts have commented on PLTK shares. Macquarie reduced their price objective on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company 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 Wednesday, February 26th. Robert W. Baird reiterated a "neutral" rating and issued a $6.00 price objective (down from $9.00) on shares of Playtika in a research report on Friday. Roth Mkm upped their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Playtika currently has an average rating of "Hold" and a consensus target price of $8.21.

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Insider Buying and Selling

In related news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total value of $2,381,620.36. Following the completion of the transaction, the insider now directly owns 201,000,143 shares of the company's stock, valued at $1,642,171,168.31. This trade represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.80% of the stock is owned by insiders.

Playtika Company Profile

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.