Brightstar Lottery (NYSE:BRSL) Sets New 12-Month Low - Should You Sell?

Key Points

• Brightstar Lottery fell to a new 52-week low of $10.12, below its 50-day moving average of $11.06, with the stock down about 1.4% on the session.
• Analyst sentiment is mixed but centers on a “Hold” consensus; the average price target is $14.77, while ratings include three Buys, five Holds and one Sell.
• The company missed quarterly EPS estimates ($0.14 versus $0.18) but reported slightly higher year-over-year revenue. Its $0.23 quarterly dividend implies a 9.0% yield, though the 110.84% payout ratio raises sustainability concerns.

Brightstar Lottery (NYSE:BRSL - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $10.12 and last traded at $10.1380, with a volume of 69367 shares traded. The stock had previously closed at $10.35.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BRSL. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brightstar Lottery in a research note on Wednesday, July 1st. They set a "buy" rating and a $15.00 target price on the stock. Argus lowered shares of Brightstar Lottery from a "buy" rating to a "hold" rating in a research note on Monday, June 29th. Jefferies Financial Group decreased their price objective on shares of Brightstar Lottery from $15.00 to $14.00 and set a "hold" rating for the company in a report on Monday, April 6th. Truist Financial lowered their price objective on shares of Brightstar Lottery from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Monday, July 20th. Finally, Susquehanna dropped their target price on shares of Brightstar Lottery from $21.00 to $15.00 and set a "positive" rating on the stock in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $14.77.

Brightstar Lottery Stock Down 1.4%

The stock's fifty day moving average price is $11.06. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.84 and a current ratio of 0.88. The stock has a market capitalization of $1.91 billion, a P/E ratio of 12.29 and a beta of 1.00.

Brightstar Lottery (NYSE:BRSL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). Brightstar Lottery had a return on equity of 10.58% and a net margin of 6.24%.The company's quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Brightstar Lottery will post 0.4 EPS for the current fiscal year.

Brightstar Lottery Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.0%. The ex-dividend date was Thursday, May 28th. Brightstar Lottery's dividend payout ratio (DPR) is currently 110.84%.

Institutional Investors Weigh In On Brightstar Lottery

A number of hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in Brightstar Lottery in the 4th quarter worth $147,133,000. Brown Advisory Inc. bought a new stake in Brightstar Lottery during the fourth quarter valued at about $44,820,000. State Street Corp purchased a new stake in Brightstar Lottery in the fourth quarter worth about $29,860,000. Royce & Associates LP purchased a new stake in Brightstar Lottery in the fourth quarter worth about $24,887,000. Finally, Geode Capital Management LLC bought a new position in shares of Brightstar Lottery in the fourth quarter worth about $19,684,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source