Brightstar Lottery (NYSE:BRSL) Issues Earnings Results

Brightstar Lottery (NYSE:BRSLGet Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07, Zacks reports. The company had revenue of $668.00 million for the quarter. Brightstar Lottery had a net margin of 12.15% and a return on equity of 7.82%. Brightstar Lottery’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS.

Brightstar Lottery Stock Up 4.8%

NYSE BRSL opened at $13.68 on Wednesday. The company has a market cap of $2.76 billion, a P/E ratio of 16.52 and a beta of 1.07. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of 3.00. Brightstar Lottery has a one year low of $12.76 and a one year high of $18.57.

Key Brightstar Lottery News

Here are the key news stories impacting Brightstar Lottery this week:

Hedge Funds Weigh In On Brightstar Lottery

A number of institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC bought a new stake in shares of Brightstar Lottery in the 4th quarter valued at $32,000. Empowered Funds LLC bought a new position in Brightstar Lottery during the fourth quarter worth $57,000. Quadrant Capital Group LLC acquired a new stake in Brightstar Lottery in the fourth quarter worth $60,000. Public Employees Retirement System of Ohio bought a new stake in Brightstar Lottery in the fourth quarter valued at $74,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Brightstar Lottery in the fourth quarter valued at $89,000. 44.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BRSL. Weiss Ratings began coverage on Brightstar Lottery in a report on Tuesday, February 3rd. They set a “hold (c-)” rating on the stock. Stifel Nicolaus lowered their price objective on Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Finally, Truist Financial upgraded Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $20.00.

View Our Latest Report on BRSL

Brightstar Lottery Company Profile

(Get Free Report)

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.

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