NeoGames SA (NASDAQ:NGMS) is expected to report earnings of $0.09 per share
Stock analysts expect NeoGames SA (NASDAQ:NGMS) to post earnings of $0.09 per share for the current quarter, according to Zacks Investment Research. Two analysts provided earnings estimates for NeoGames. The highest EPS estimate is $0.10 and the lowest is $0.08. NeoGames posted earnings per share of $0.15 in the same quarter last year, suggesting a negative 40% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Wednesday, March 9.
On average, analysts expect NeoGames to report annual earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.41. For next year, analysts expect the company to post earnings of $0.83 per share, with EPS estimates ranging from $0.67 to $0.98. Zacks EPS averages are an average based on a survey of sell-side research companies that cover NeoGames.
NeoGames Inc (NASDAQ:NGMS) last released its quarterly earnings data on Wednesday, November 10. The company reported earnings per share of $0.06 for the quarter, missing the Zacks consensus estimate of $0.08 per ($0.02). NeoGames had a return on equity of 21.04% and a net margin of 20.50%. The company posted revenue of $11.97 million in the quarter, versus analyst estimates of $10.85 million.
A number of research companies have weighed in on NGMS recently. Truist lowered its price target on NeoGames stock from $50.00 to $33.00 and set a “buy” rating on the stock in a report Thursday. Truist Securities lowered its price target on NeoGames shares from $50.00 to $33.00 and set a “buy” rating on the stock in a report Thursday. Finally, Zacks Investment Research upgraded NeoGames shares from a “strong sell” rating to a “hold” rating in a research note on Wednesday.
Shares of NGMS were down $0.08 during Friday trading hours, hitting $24.62. The stock had a trading volume of 74,650 shares, compared to an average volume of 108,298. The company has a leverage ratio of 0.20, a current ratio of 2.42 and a quick ratio of 2.42 . NeoGames has a 12-month low of $23.94 and a 12-month high of $73.54. The company has a 50-day simple moving average of $31.21 and a 200-day simple moving average of $39.74. The company has a market capitalization of $541.64 million, a PE ratio of 60.05 and a beta of 3.14.
A number of institutional investors have recently increased or reduced their stake in the company. Invesco Ltd. acquired a new position in NeoGames during Q2 valued at approximately $47,045,000. WCM Investment Management LLC increased its stake in NeoGames by 70.2% during the 3rd quarter. WCM Investment Management LLC now owns 672,970 shares of the company valued at $24,711,000 after purchasing an additional 277,610 shares during the period. Wasatch Advisors Inc. increased its stake in NeoGames by 81.6% during Q3. Wasatch Advisors Inc. now owns 569,934 shares of the company valued at $20,928,000 after purchasing an additional 256,132 shares during the period. BlackRock Inc. increased its stake in NeoGames shares by 20.4% in Q3. BlackRock Inc. now owns 409,789 shares of the company worth $15,048,000 after purchasing an additional 69,390 shares in the last quarter. Finally, Bluegrass Capital Partners LP increased its stake in NeoGames shares by 31.6% in the third quarter. Bluegrass Capital Partners LP now owns 375,000 shares of the company worth $13,770,000 after purchasing an additional 90,000 shares in the last quarter. 53.25% of the shares are currently held by hedge funds and other institutional investors.
NeoGames Company Profile
NeoGames SA provides a suite of iLottery technology solutions worldwide. The Company offers various technology platforms, a range of value-added services and a game studio that offers a portfolio of raffle and instant ticket games through personal computers, smartphones and handheld devices.
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