Light & Wonder (LNW) to Release Quarterly Earnings on Tuesday

Light & Wonder (NASDAQ:LNW) is expected to 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 $800.36 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Light & Wonder Trading Down 0.8 %

LNW opened at $97.02 on Tuesday. Light & Wonder has a twelve month low of $84.00 and a twelve month high of $115.00. The firm has a market cap of $8.57 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 0.30 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 firm’s fifty day moving average is $88.81 and its two-hundred day moving average is $95.91.

Wall Street Analyst Weigh In

Several research firms have weighed in on LNW. Truist Financial reduced their target price on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Jefferies Financial Group boosted their price objective on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Benchmark restated a “buy” rating and set a $114.00 target price on shares of Light & Wonder in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.50.

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.