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

Light & Wonder (NASDAQ:LNW) will likely be issuing 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Light & Wonder Price Performance

LNW stock opened at $101.83 on Monday. The firm has a 50 day moving average price of $89.67 and a 200-day moving average price of $96.00. Light & Wonder has a 52-week low of $84.00 and a 52-week high of $115.00. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 31.62, a PEG 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Jefferies Financial Group lifted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Macquarie boosted their price objective 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. Benchmark restated a “buy” rating and issued a $114.00 price objective on shares of Light & Wonder in a report on Wednesday, February 19th. Finally, Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Light & Wonder has a consensus rating of “Moderate Buy” and an average price target of $109.25.

Light & Wonder Company Profile

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.