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

Brightstar Lottery (NYSE:BRSL) has been given an average rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.7667.

Several analysts recently commented on the company. Argus cut Brightstar Lottery from a “buy” rating to a “hold” rating in a research report on Monday, June 29th. Susquehanna decreased their price objective on Brightstar Lottery from $21.00 to $15.00 and set a “positive” rating on the stock in a report on Thursday, May 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Brightstar Lottery in a research note on Wednesday, May 13th. Truist Financial dropped their target price on shares of Brightstar Lottery from $14.00 to $13.00 and set a “hold” rating for the company in a report on Monday, July 20th. Finally, Zacks Research raised shares of Brightstar Lottery from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th.

Institutional Trading of Brightstar Lottery

A number of hedge funds have recently bought and sold shares of BRSL. Nomura Asset Management Co. Ltd. acquired a new stake in Brightstar Lottery in the 4th quarter valued at about $31,000. NewEdge Advisors LLC acquired a new position in shares of Brightstar Lottery during the 4th quarter worth approximately $32,000. Knott David M Jr acquired a new position in shares of Brightstar Lottery during the 1st quarter worth approximately $32,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $52,000. Finally, Empowered Funds LLC purchased a new stake in shares of Brightstar Lottery in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

Brightstar Lottery Trading Up 0.4%

NYSE:BRSL opened at $10.46 on Monday. The business’s 50 day moving average price is $11.08. Brightstar Lottery has a 12 month low of $10.20 and a 12 month high of $18.57. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 12.60 and a beta of 1.00. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.79.

Brightstar Lottery (NYSE:BRSL) last released its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share 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 firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Brightstar Lottery will post 0.4 earnings per share for the current year.

Brightstar Lottery Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 8.8%. Brightstar Lottery’s payout ratio is presently 110.84%.

About Brightstar Lottery

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.