Playtika (PLTK) to Release Earnings on Thursday

Playtika (NASDAQ:PLTK) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Playtika to post earnings of $0.15 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Playtika (NASDAQ:PLTK) last issued its earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $637.90 million for the quarter, compared to analyst estimates of $630.26 million. Playtika had a negative return on equity of 81.85% and a net margin of 9.15%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.24 earnings per share. On average, analysts expect Playtika to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Playtika Stock Performance

Shares of NASDAQ:PLTK opened at $7.52 on Thursday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. Playtika has a 1-year low of $6.25 and a 1-year high of $12.90. The company’s fifty day moving average is $7.06 and its two-hundred day moving average is $7.78.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.32%. Playtika’s dividend payout ratio (DPR) is 62.50%.

Analyst Upgrades and Downgrades

PLTK has been the topic of a number of analyst reports. Bank of America cut shares of Playtika from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $11.00 to $8.00 in a report on Thursday, January 18th. HSBC lowered shares of Playtika from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.90 to $8.00 in a research report on Monday, January 22nd. The Goldman Sachs Group reduced their price objective on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Morgan Stanley reduced their price objective on shares of Playtika from $10.00 to $7.50 and set an “equal weight” rating for the company in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus reduced their price objective on shares of Playtika from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and a consensus price target of $10.43.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.