Scientific Games Corporation (NASDAQ:SGMS) registered a 3.24% increase, still its new closing price is 284.87% up from the company’s 1 year high of 17.70.It posted 3.24% gains in previous 5 sessions and is now the subject of 7 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 9 stock analysts following this company have an average price target at $13.14, with individual PT in the $8.00-$20.00 range. The shares moved at $17.55, implying that brokerage firms see shares gaining about 237.50% in twelve months time.
Scientific Games Corporation (SGMS) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 25.36% rise year to date. A Director at Scientific Games Corporation (SGMS) offloaded shares in a transaction closed on Monday December 05, 2016. Kennedy David L sold 113,470 shares in the company at $14.85 each and collected $1,685,000 in proceeds. Kennedy David L now owns 95,004 shares in the company after this transaction. A Director in the company, Kennedy David L, disclosed a transaction on Thursday November 17, 2016 that ended up generating $694,001 from the sale of 50,000 shares at $13.89 per share.
Scientific Games Corporation (NASDAQ:SGMS) Upcoming Results on Tap
Scientific Games Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.71 in that period. Sales during the quarter are predicted to arrive at $716.46 million.
Earnings surprise history: Last quarter, the company posted approximately $720 million in revenue and EPS of $-1.13. The mean forecast was for $709.4 million and $-0.89 a share, respectively. One quarter earlier, revenue for the stock was at $729.2 million, with earnings at $-0.59/share.
Scientific Games Corporation (SGMS) Brokerage Update
Scientific Games Corporation (SGMS) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Underperform by BofA/Merrill, according to news reported on Thursday January 26, 2017.Another important research note was issued by Macquarie on Friday December 16, 2016.The firm downgraded SGMS to Neutral from Outperform. Over the last six months and over the last three months, the shares of Scientific Games Corporation (SGMS), have changed 73.76% and 41.53%, respectively.ima