Light & Wonder (LNW) Expected to Announce Quarterly Earnings on Tuesday

Light & Wonder (NASDAQ:LNW) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $799.17 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Light & Wonder Trading Down 2.9 %

Shares of Light & Wonder stock opened at $101.83 on Monday. The company has a market capitalization of $8.99 billion, a P/E ratio of 31.62, a P/E/G ratio of 0.35 and a beta of 1.72. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The company has a fifty day moving average of $89.67 and a 200 day moving average of $96.00. Light & Wonder has a fifty-two week low of $84.00 and a fifty-two week high of $115.00.

Analysts Set New Price Targets

LNW has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a report on Wednesday, February 19th. Macquarie upped their target price on shares of Light & Wonder from $117.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their price target on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group boosted their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.25.

About Light & Wonder

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.