B. Riley Estimates Light & Wonder's Q1 Earnings (NASDAQ:LNW)

Light & Wonder, Inc. (NASDAQ:LNW - Free Report) - Research analysts at B. Riley dropped their Q1 2025 earnings per share estimates for shares of Light & Wonder in a research note issued to investors on Wednesday, November 13th. B. Riley analyst D. Bain now forecasts that the company will post earnings of $0.96 per share for the quarter, down from their prior estimate of $1.04. B. Riley currently 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 Q3 2025 earnings at $1.28 EPS.

LNW has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Light & Wonder from $76.00 to $81.00 and gave the company a "hold" rating in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of Light & Wonder from $107.00 to $111.00 and gave the company an "overweight" rating in a research report on Thursday, August 8th. Stifel Nicolaus lowered their price objective on shares of Light & Wonder from $108.00 to $100.00 and set a "hold" rating for the company in a report on Wednesday, September 25th. Craig Hallum upgraded Light & Wonder to a "strong-buy" rating in a research note on Friday, October 4th. Finally, UBS Group upgraded Light & Wonder from a "neutral" rating to a "buy" rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $107.36.

Light & Wonder Trading Up 0.9 %

NASDAQ LNW traded up $0.82 on Thursday, hitting $93.10. The company's stock had a trading volume of 898,328 shares, compared to its average volume of 711,560. The company has a current ratio of 1.85, a quick ratio of 1.58 and a debt-to-equity ratio of 4.90. Light & Wonder has a 52-week low of $76.52 and a 52-week high of $115.00. The firm has a market cap of $8.26 billion, a P/E ratio of 28.66, a PEG ratio of 0.43 and a beta of 1.75. The company's 50-day simple moving average is $98.59 and its 200 day simple moving average is $99.86.

Light & Wonder (NASDAQ:LNW - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.16 by $0.18. The company had revenue of $817.00 million for the quarter, compared to the consensus estimate of $826.65 million. Light & Wonder had a net margin of 9.30% and a return on equity of 50.89%.

Light & Wonder declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Light & Wonder during the third quarter valued at $29,000. GAMMA Investing LLC grew its position in shares of Light & Wonder by 59.6% during the 2nd quarter. GAMMA Investing LLC now owns 407 shares of the company's stock worth $43,000 after buying an additional 152 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Light & Wonder in the 3rd quarter valued at about $108,000. Smith Anglin Financial LLC bought a new position in shares of Light & Wonder during the second quarter valued at approximately $213,000. Finally, Captrust Financial Advisors bought a new position in shares of Light & Wonder in the 3rd quarter worth $261,000. Hedge funds and other institutional investors own 88.08% of the company's stock.

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.