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

Key Points

• Brightstar Lottery has a consensus “Hold” rating from nine analysts: four buys, four holds and one sell. The average 12-month price target is $15.10, versus a recent share price of $10.69.
• Institutional investors and hedge funds own 44.33% of the company’s stock, with several firms recently establishing new positions.
• The company reported quarterly EPS of $0.11, beating the $0.01 loss analysts expected, on $584 million in revenue. Brightstar Lottery also pays a quarterly dividend of $0.23 per share, representing an annualized yield of approximately 8.6%.

Shares of Brightstar Lottery (NYSE:BRSL - Get Free Report) have received a consensus recommendation of "Hold" from the nine analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued 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.

A number of equities analysts have issued reports on BRSL shares. Deutsche Bank Aktiengesellschaft began coverage on Brightstar Lottery in a report on Wednesday, July 1st. They set a "buy" rating and a $15.00 target price on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Brightstar Lottery in a report on Friday, July 10th. Jefferies Financial Group raised shares of Brightstar Lottery from a "hold" rating to a "buy" rating and upped their price target for the stock from $12.00 to $16.00 in a research report on Thursday, August 13th. Argus downgraded Brightstar Lottery from a "buy" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Truist Financial decreased their target price on Brightstar Lottery from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Monday, July 20th.

Hedge Funds Weigh In On Brightstar Lottery

Institutional investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Brightstar Lottery during the 4th quarter worth approximately $31,000. Knott David M Jr purchased a new stake in shares of Brightstar Lottery in the first quarter valued at about $32,000. Persistent Asset Partners Ltd bought a new position in shares of Brightstar Lottery during the 2nd quarter worth approximately $31,000. Rockefeller Capital Management L.P. purchased a new position in Brightstar Lottery in the fourth quarter worth $52,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Brightstar Lottery during the second quarter worth about $63,000. Institutional investors and hedge funds own 44.33% of the company's stock.

Brightstar Lottery Stock Down 1.0%

Shares of BRSL stock opened at $10.69 on Tuesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.10 and a quick ratio of 1.00. The stock has a fifty day moving average price of $11.03 and a 200 day moving average price of $11.76. Brightstar Lottery has a one year low of $9.90 and a one year high of $18.57. The stock has a market cap of $2.00 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 4.41 and a beta of 1.03.

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

Brightstar Lottery Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Tuesday, August 18th. Brightstar Lottery's dividend payout ratio is presently 70.77%.

Brightstar Lottery Company Profile

Brightstar Lottery plc NYSE: BRSL is a global lottery technology and services company. The company provides solutions for government-sponsored and regulated lotteries, including lottery systems, retail terminals, draw-based games, instant-ticket products and digital lottery platforms.

Its services support the operation and management of lottery programs across retail and online channels. Brightstar Lottery also provides related technology, transaction processing, content, player engagement and lottery-management services designed to help customers operate secure and efficient gaming programs.

The company was formed from the lottery business formerly operated by International Game Technology (IGT) and serves lottery operators in multiple international markets, including North America, Europe and other regions.

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