Somewhat Favorable News Coverage Somewhat Unlikely to Affect Scientific Games (SGMS) Stock Price

Headlines about Scientific Games (NASDAQ:SGMS) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Scientific Games earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.9586555103042 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several research firms have issued reports on SGMS. Craig Hallum restated a “buy” rating and set a $56.00 price objective (up from $45.00) on shares of Scientific Games in a report on Thursday, October 5th. Bank of America restated a “buy” rating and set a $50.00 price objective (up from $38.00) on shares of Scientific Games in a report on Wednesday, September 20th. Finally, Stifel Nicolaus lifted their target price on Scientific Games from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $42.20.

Shares of Scientific Games (SGMS) traded up $0.70 during trading on Thursday, hitting $53.50. The stock had a trading volume of 504,324 shares, compared to its average volume of 1,079,248. The company has a current ratio of 1.83, a quick ratio of 1.45 and a debt-to-equity ratio of -4.07. Scientific Games has a 12 month low of $13.65 and a 12 month high of $54.95.

Scientific Games (NASDAQ:SGMS) last announced its earnings results on Wednesday, November 1st. The technology company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.22). The firm had revenue of $768.90 million during the quarter, compared to the consensus estimate of $748.56 million. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.13) earnings per share. equities research analysts predict that Scientific Games will post -2.47 EPS for the current fiscal year.

In other Scientific Games news, Director Michael J. Regan sold 17,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $46.88, for a total value of $796,960.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James C. Kennedy sold 30,384 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $48.35, for a total value of $1,469,066.40. Following the completion of the transaction, the executive vice president now owns 105,029 shares in the company, valued at approximately $5,078,152.15. The disclosure for this sale can be found here. Insiders sold 187,384 shares of company stock worth $9,026,426 in the last 90 days. Corporate insiders own 40.61% of the company’s stock.

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About Scientific Games

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.

Insider Buying and Selling by Quarter for Scientific Games (NASDAQ:SGMS)

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