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: $111.26 to $113.95
• 50-Day Range: $97.51 to $112.68
• 52-Week Range: $67.71 to $115.00
• Volume: 1.52 million shs
• Average Volume: 691,340 shs
• Market Capitalization: $10.15 billion
• P/E Ratio: 46.71
• Dividend Yield: N/A
• Price Target: $108.20
• Consensus Rating: Hold

Light & Wonder Stock Analysis - MarketRank™

Light & Wonder scored higher than 67% of companies evaluated by MarketBeat, and ranked 139th out of 294 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Light & Wonder has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Light & Wonder has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 29.28%

Earnings Growth

Earnings for Light & Wonder are expected to grow by 29.28% in the coming year, from $4.44 to $5.74 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Light & Wonder is 46.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.88.

Price to Earnings Ratio vs. Sector

The P/E ratio of Light & Wonder is 46.71, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.43.

Price to Earnings Growth Ratio

Light & Wonder has a PEG Ratio of 0.46. 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 13.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.35% 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 4.7.

Change versus previous month

Short interest in Light & Wonder has recently increased by 16.72%, indicating that investor sentiment is decreasing 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

4.35% 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 4.7.

Change versus previous month

Short interest in Light & Wonder has recently increased by 16.72%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.98

News Sentiment

Light & Wonder has a news sentiment score of 0.98. 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 higher news sentiment than the 0.54 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Light & Wonder this week, compared to 4 articles on an average week.

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 on January 1st, 2024. Since then, LNW shares have increased by 37.1% and is now trading at $112.57.
View the best growth stocks for 2024 here.

How were Light & Wonder's earnings last quarter?

Light & Wonder, Inc. (NASDAQ:LNW) issued its quarterly earnings data 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. Light & Wonder's revenue was up 11.9% on a year-over-year basis.

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

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

Who are Light & Wonder's major shareholders?

Light & Wonder's top institutional investors include Harvard Management Co. Inc. (1.60%), Burgundy Asset Management Ltd. (1.46%), Ninety One UK Ltd (1.01%) and Dimensional Fund Advisors LP (0.89%). 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.

Company Calendar

• Last Earnings: 8/07/2024
• Today: 9/21/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

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: $108.20
• High Stock Price Target: $144.00
• Low Stock Price Target: $79.00
• Potential Upside/Downside: -3.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.41
• Trailing P/E Ratio: 46.71
• Forward P/E Ratio: 25.35
• P/E Growth: 0.46
• Net Income: $163 million
• Net Margins: 9.92%
• Pretax Margin: 11.94%
• Return on Equity: 40.51%
• Return on Assets: 6.34%

Debt

• Debt-to-Equity Ratio: 4.90
• Current Ratio: 1.85
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $3.08 billion
• Price / Sales: 3.30
• Cash Flow: $6.17 per share
• Price / Cash Flow: 18.24
• Book Value: $8.50 per share
• Price / Book: 13.24

Miscellaneous

• Outstanding Shares: 90,138,000
• Free Float: 88,245,000
• Market Cap: $10.15 billion
• Optionable: Optionable
• Beta: 1.77