B. Riley Has Negative Outlook of Light & Wonder Q1 Earnings

Light & Wonder, Inc. (NASDAQ:LNW) – Stock analysts at B. Riley lowered their Q1 2025 earnings per share estimates for shares of Light & Wonder in a research note issued to investors on Wednesday, November 13th. B. Riley analyst D. Bain now forecasts that the company will post earnings of $0.96 per share for the quarter, down from their prior forecast of $1.04. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Light & Wonder’s current full-year earnings is $4.41 per share. B. Riley also issued estimates for Light & Wonder’s Q3 2025 earnings at $1.28 EPS.

Several other equities analysts have also recently issued reports on the stock. Craig Hallum upgraded shares of Light & Wonder to a “strong-buy” rating in a research report on Friday, October 4th. Macquarie decreased their target price on Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a research report on Wednesday, September 25th. Susquehanna dropped their price target on Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Stifel Nicolaus decreased their price objective on Light & Wonder from $108.00 to $100.00 and set a “hold” rating for the company in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Light & Wonder from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.36.

Light & Wonder Stock Up 0.2 %

Shares of NASDAQ LNW opened at $93.24 on Thursday. The firm has a fifty day simple moving average of $98.06 and a two-hundred day simple moving average of $99.82. Light & Wonder has a 12 month low of $76.52 and a 12 month high of $115.00. The company has a current ratio of 1.88, a quick ratio of 1.58 and a debt-to-equity ratio of 4.49. The firm has a market capitalization of $8.23 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 0.39 and a beta of 1.75.

Light & Wonder (NASDAQ:LNW) last announced its earnings results on Tuesday, November 12th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.18. The company had revenue of $817.00 million during the quarter, compared to the consensus estimate of $826.65 million. Light & Wonder had a return on equity of 49.91% and a net margin of 9.30%.

Institutional Investors Weigh In On Light & Wonder

A number of institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its stake in Light & Wonder by 573.3% during the 2nd quarter. Millennium Management LLC now owns 579,340 shares of the company’s stock valued at $60,761,000 after purchasing an additional 493,295 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Light & Wonder by 121.6% during the second quarter. SG Americas Securities LLC now owns 14,263 shares of the company’s stock valued at $1,496,000 after buying an additional 7,828 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Light & Wonder during the second quarter valued at $23,597,000. Intech Investment Management LLC purchased a new position in Light & Wonder in the 2nd quarter worth about $1,620,000. Finally, M&G Plc bought a new position in Light & Wonder during the 1st quarter valued at about $10,570,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Light & Wonder announced that its Board of Directors has approved a share repurchase program on Wednesday, August 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

About Light & Wonder

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.