Light & Wonder (LNW) Stock Price, News & Analysis

Company Overview

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. It also leases or provides gaming content, gaming machines, and server-based system; sells and supports casino-management system based software and hardware; and licenses proprietary table games content to commercial, tribal and governmental gaming operators. The SciPlay segment develops, markets, and operates social games on various mobile and web platforms, as well as other games in the hyper-casual space. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. The iGaming segment provides a suite of digital gaming content, distribution platforms, player account management systems, and other iGaming content and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. Light & Wonder, Inc. was incorporated in 1984 and is headquartered in Las Vegas, Nevada.

Key Stats

• Today's Range: $90.78 to $93.07
• 50-Day Range: $87.74 to $112.68
• 52-Week Range: $76.52 to $115.00
• Volume: 999,701 shs
• Average Volume: 610,232 shs
• Market Capitalization: $8.17 billion
• P/E Ratio: 28.72
• Dividend Yield: N/A
• Price Target: $107.36
• Consensus Rating: Moderate Buy

Light & Wonder Stock Analysis - MarketRank™

Light & Wonder scored higher than 86% of companies evaluated by MarketBeat, and ranked 51st out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Light & Wonder has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 6 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Light & Wonder has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 54.70%

Earnings Growth

Earnings for Light & Wonder are expected to grow by 54.70% in the coming year, from $3.51 to $5.43 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Light & Wonder is 28.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Light & Wonder is 28.72, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.66.

Price to Earnings Growth Ratio

Light & Wonder has a PEG Ratio of 0.50. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Light & Wonder has a P/B Ratio of 9.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.77% of the float of Light & Wonder has been sold short.

Short Interest Ratio / Days to Cover

Light & Wonder has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Light & Wonder has recently decreased by 28.44%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Light & Wonder does not currently pay a dividend.

Dividend Growth

Light & Wonder does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.77% of the float of Light & Wonder has been sold short.

Short Interest Ratio / Days to Cover

Light & Wonder has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Light & Wonder has recently decreased by 28.44%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.46

News Sentiment

Light & Wonder has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Light & Wonder this week, compared to 6 articles on an average week.

Search Interest

Only 1 people have searched for LNW on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Light & Wonder to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Light & Wonder insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.10% of the stock of Light & Wonder is held by insiders.

Percentage Held by Institutions

88.08% of the stock of Light & Wonder is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LNW Stock Analysis - Frequently Asked Questions

How have LNW shares performed this year?

Light & Wonder's stock was trading at $82.11 at the beginning of 2024. Since then, LNW stock has increased by 12.6% and is now trading at $92.48.
View the best growth stocks for 2024 here.

How were Light & Wonder's earnings last quarter?

Light & Wonder, Inc. (NASDAQ:LNW) posted its quarterly earnings results on Wednesday, August, 7th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by $0.14. The business's quarterly revenue was up 11.9% on a year-over-year basis.

How will Light & Wonder's stock buyback program work?

Light & Wonder's board initiated a stock buyback program on Wednesday, August 7th 2024, which authorizes the company to repurchase $1,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 10.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Who are Light & Wonder's major shareholders?

Top institutional investors of Light & Wonder include State Street Corp (3.00%), Geode Capital Management LLC (1.81%), FMR LLC (1.64%) and Charles Schwab Investment Management Inc. (0.84%). Insiders that own company stock include Fine Capital Partners, LP, James Sottile, Siobhan Lane, Maria T Vullo, Jamie Odell, Hamish Mclennan, Vanja Kalabic, Oliver Chow and Antonia Korsanos.
View institutional ownership trends.

How do I buy shares of Light & Wonder?

Shares of LNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Light & Wonder own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Light & Wonder investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Computer integrated systems design
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:LNW
• CUSIP: N/A
• CIK: 750004
• Web: www.scientificgames.com
• Phone: (702) 897-7150
• Fax: 702-897-2284
• Employees: 6,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $107.36
• High Stock Price Target: $144.00
• Low Stock Price Target: $79.00
• Potential Upside/Downside: +16.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.69
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.22
• Trailing P/E Ratio: 28.72
• Forward P/E Ratio: 26.35
• P/E Growth: 0.51
• Net Income: $163 million
• Net Margins: 9.30%
• Pretax Margin: 11.20%
• Return on Equity: 49.91%
• Return on Assets: 7.27%

Debt

• Debt-to-Equity Ratio: 4.49
• Current Ratio: 1.88
• Quick Ratio: 1.61

Sales & Book Value

• Annual Sales: $3.16 billion
• Price / Sales: 2.58
• Cash Flow: $6.02 per share
• Price / Cash Flow: 15.35
• Book Value: $8.50 per share
• Price / Book: 10.88

Miscellaneous

• Outstanding Shares: 88,308,000
• Free Float: 86,454,000
• Market Cap: $8.17 billion
• Optionable: Optionable
• Beta: 1.75