Brightstar Lottery (NYSE:BRSL) Receives Consensus Rating of “Hold” from Analysts

Brightstar Lottery (NYSE:BRSL) has received a consensus recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.9333.

Several equities analysts recently issued reports on the company. Weiss Ratings cut Brightstar Lottery from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 14th. Susquehanna dropped their price objective on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating for the company in a report on Thursday, May 14th. Zacks Research downgraded shares of Brightstar Lottery from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Truist Financial cut their price objective on shares of Brightstar Lottery from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brightstar Lottery in a report on Wednesday. They set a “buy” rating and a $15.00 target price for the company.

Hedge Funds Weigh In On Brightstar Lottery

A number of hedge funds and other institutional investors have recently made changes to their positions in BRSL. Nomura Asset Management Co. Ltd. acquired a new stake in Brightstar Lottery during the 4th quarter worth $31,000. Knott David M Jr acquired a new stake in Brightstar Lottery during the 1st quarter worth approximately $32,000. NewEdge Advisors LLC bought a new position in Brightstar Lottery in the fourth quarter valued at approximately $32,000. Rockefeller Capital Management L.P. acquired a new position in shares of Brightstar Lottery in the fourth quarter valued at approximately $52,000. Finally, Empowered Funds LLC bought a new stake in Brightstar Lottery in the 4th quarter valued at $57,000. 44.33% of the stock is owned by institutional investors.

Brightstar Lottery Trading Up 3.8%

Shares of NYSE BRSL opened at $11.13 on Thursday. Brightstar Lottery has a 1-year low of $10.42 and a 1-year high of $18.57. The company has a market capitalization of $2.08 billion, a P/E ratio of 13.40 and a beta of 1.00. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The business has a 50-day moving average of $11.62.

Brightstar Lottery (NYSE:BRSL) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Brightstar Lottery had a net margin of 6.24% and a return on equity of 10.58%. The company had revenue of $587.00 million for the quarter. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Brightstar Lottery will post 0.48 earnings per share for the current year.

Brightstar Lottery Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.3%. Brightstar Lottery’s dividend payout ratio is 110.84%.

Brightstar Lottery Company Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.