Light & Wonder (LNW) Set to Announce Earnings on Wednesday

Light & Wonder (NASDAQ:LNW) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Light & Wonder to post earnings of $0.70 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Light & Wonder (NASDAQ:LNW) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.03). Light & Wonder had a net margin of 5.58% and a return on equity of 23.68%. The firm had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $748.30 million. During the same period in the previous year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts expect Light & Wonder to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Light & Wonder Stock Performance

NASDAQ LNW opened at $89.26 on Wednesday. Light & Wonder has a 1-year low of $56.01 and a 1-year high of $108.90. The company has a market capitalization of $8.07 billion, a P/E ratio of 50.72 and a beta of 1.78. The business has a 50 day moving average price of $97.66 and a 200 day moving average price of $87.69. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.88 and a quick ratio of 1.63.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LNW shares. JPMorgan Chase & Co. raised their price target on Light & Wonder from $98.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Susquehanna raised their price target on Light & Wonder from $100.00 to $111.00 and gave the stock a “positive” rating in a research report on Wednesday, February 28th. Macquarie raised their price target on Light & Wonder from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Redburn Atlantic downgraded Light & Wonder from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $105.00 to $110.00 in a research report on Monday, March 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $103.00 price objective (up previously from $97.00) on shares of Light & Wonder in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.75.

Insiders Place Their Bets

In other news, CAO Vanja Kalabic sold 1,149 shares of Light & Wonder stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $100.72, for a total transaction of $115,727.28. Following the sale, the chief accounting officer now directly owns 1,600 shares of the company’s stock, valued at $161,152. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Vanja Kalabic sold 1,149 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $100.72, for a total value of $115,727.28. Following the completion of the sale, the chief accounting officer now directly owns 1,600 shares of the company’s stock, valued at $161,152. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Oliver Chow sold 1,273 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $101.19, for a total value of $128,814.87. Following the completion of the sale, the chief financial officer now directly owns 1,517 shares of the company’s stock, valued at $153,505.23. The disclosure for this sale can be found here. Insiders have sold a total of 7,537 shares of company stock worth $760,427 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Light & Wonder Company Profile

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.