Brightstar Lottery (NYSE:BRSL) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts rate Brightstar Lottery “Hold” on average: Of nine analysts, four recommend buying, four hold, and one sell. The average 12-month price target is $15.10, above the stock’s recent $11.57 price.
• Brightstar Lottery reported quarterly EPS of $0.11, beating the consensus estimate of a $0.01 loss, on revenue of $584 million. Analysts expect full-year EPS of approximately $0.35.
• The company declared a quarterly dividend of $0.23, equivalent to $0.92 annually and an 8.0% yield; its payout ratio is 70.77%.

Shares of Brightstar Lottery (NYSE:BRSL - Get Free Report) have received an average recommendation of "Hold" from the nine analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.10.

BRSL has been the topic of a number of analyst reports. Stifel Nicolaus reissued a "buy" rating and issued a $19.00 price target (down from $20.00) on shares of Brightstar Lottery in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of Brightstar Lottery in a report on Wednesday, July 1st. They issued a "buy" rating and a $15.00 target price for the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Brightstar Lottery in a report on Friday, July 10th. Argus downgraded shares of Brightstar Lottery from a "buy" rating to a "hold" rating in a research report on Monday, June 29th. Finally, Truist Financial decreased their price objective on shares of Brightstar Lottery from $14.00 to $13.00 and set a "hold" rating for the company in a report on Monday, July 20th.

Brightstar Lottery Price Performance

NYSE:BRSL opened at $11.57 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 2.16. The stock has a 50-day simple moving average of $10.99. The stock has a market cap of $2.16 billion, a P/E ratio of 8.90 and a beta of 1.03. Brightstar Lottery has a 1-year low of $9.90 and a 1-year high of $18.57.

Brightstar Lottery (NYSE:BRSL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. The company had revenue of $584.00 million during the quarter. Brightstar Lottery had a net margin of 10.05% and a return on equity of 10.47%. Equities analysts anticipate that Brightstar Lottery will post 0.35 EPS for the current fiscal year.

Brightstar Lottery Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.0%. The ex-dividend date is Tuesday, August 18th. Brightstar Lottery's dividend payout ratio (DPR) is presently 70.77%.

Institutional Trading of Brightstar Lottery

Institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. bought a new position in Brightstar Lottery during the fourth quarter valued at approximately $31,000. Persistent Asset Partners Ltd purchased a new stake in Brightstar Lottery during the 2nd quarter valued at $31,000. Knott David M Jr purchased a new stake in Brightstar Lottery during the 1st quarter valued at $32,000. NewEdge Advisors LLC purchased a new position in shares of Brightstar Lottery in the 4th quarter worth $32,000. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Brightstar Lottery in the 4th quarter worth $52,000. Hedge funds and other institutional investors own 44.33% of the company's stock.

About Brightstar Lottery

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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