Playtika (NASDAQ:PLTK) Releases Earnings Results, Misses Expectations By $0.07 EPS

Playtika (NASDAQ:PLTK - Get Free Report) issued its earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07), Briefing.com reports. The company had revenue of $620.80 million for the quarter, compared to analysts' expectations of $622.46 million. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. Playtika updated its FY 2024 guidance to EPS.

Playtika Stock Down 0.6 %

Shares of NASDAQ PLTK traded down $0.05 during trading hours on Friday, hitting $8.31. 860,818 shares of the stock were exchanged, compared to its average volume of 863,961. Playtika has a 12 month low of $6.25 and a 12 month high of $9.23. The firm has a fifty day moving average price of $7.71 and a 200-day moving average price of $7.81. The company has a market cap of $3.09 billion, a PE ratio of 14.58, a PEG ratio of 1.70 and a beta of 0.85.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Friday, December 20th. Playtika's payout ratio is currently 70.18%.

Wall Street Analysts Forecast Growth

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

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.