Light & Wonder (LNW) Stock Price, News & Analysis

Company Overview

Light & Wonder (NASDAQ:LNW) is a provider of gaming and entertainment content, software platforms and services to regulated gaming jurisdictions and digital gaming markets worldwide. Formerly known as Scientific Games, the company underwent a strategic rebrand in November 2022 to unify its land-based, digital and social gaming operations under the Light & Wonder name. Since its origins in the 1980s, the company has expanded through organic innovation and targeted acquisitions to become a leading supplier of casino and lottery systems, interactive gaming, and player engagement solutions.

The company’s product offerings span both physical and digital environments. In land-based casinos, Light & Wonder delivers industry-leading slot machines, table games, electronic table management, player rewards systems and casino management software. On the digital side, its portfolio includes interactive real-money gaming platforms, mobile and web-based slot content, social casino titles and sports betting solutions. Its end-to-end services encompass game development, content distribution, regulatory support and player analytics tools designed to enhance operator performance and customer loyalty.

Light & Wonder serves a broad geographic footprint that includes North America, Europe, Asia-Pacific and Latin America. The company works closely with regulators and lottery operators to deploy secure lottery systems and digital instant games in multiple jurisdictions. In addition, its social and mobile gaming studios operate globally, catering to millions of users through leading app stores and social media platforms.

Under the leadership of Chief Executive Officer Enrique Urias, Light & Wonder is focused on accelerating growth through innovation in immersive gaming experiences, expanding digital reach, and strengthening partnerships within the gaming ecosystem. Emphasizing responsible gaming and technological advancement, the company continues to invest in research and development while exploring opportunities in emerging markets and adjacent entertainment verticals.

Key Stats

• Today's Range: $99.24 to $101.33
• 50-Day Range: $80.54 to $101.11
• 52-Week Range: $75.46 to $115.00
• Volume: 271,535 shs
• Average Volume: 797,866 shs
• Market Capitalization: $8.52 billion
• P/E Ratio: 26.94
• Dividend Yield: N/A
• Price Target: $106.55
• Consensus Rating: Moderate Buy

Light & Wonder Stock Analysis - MarketRank™

Light & Wonder scored higher than 63% of companies evaluated by MarketBeat, and ranked 130th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Light & Wonder has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Light & Wonder has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 31.63%

Earnings Growth

Earnings for Light & Wonder are expected to grow by 31.63% in the coming year, from $4.30 to $5.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Light & Wonder is 26.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Light & Wonder is 26.82, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 21.17.

Price to Earnings Growth Ratio

Light & Wonder has a PEG Ratio of 0.44. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Light & Wonder has a P/B Ratio of 13.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.84% of the float of Light & Wonder has been sold short.

Short Interest Ratio / Days to Cover

Light & Wonder has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Light & Wonder does not currently pay a dividend.

Dividend Growth

Light & Wonder does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.84% of the float of Light & Wonder has been sold short.

Short Interest Ratio / Days to Cover

Light & Wonder has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.02

News Sentiment

Light & Wonder has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Light & Wonder this week, compared to 9 articles on an average week.

Search Interest

2 people have searched for LNW on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

1 people have added Light & Wonder to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Light & Wonder insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.20% of the stock of Light & Wonder is held by insiders.

Percentage Held by Institutions

88.08% of the stock of Light & Wonder is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LNW Stock Analysis - Frequently Asked Questions

How have LNW shares performed this year?

Light & Wonder's stock was trading at $86.38 on January 1st, 2025. Since then, LNW stock has increased by 16.4% and is now trading at $100.5780.

How were Light & Wonder's earnings last quarter?

Light & Wonder, Inc. (NASDAQ:LNW) released its earnings results on Wednesday, May, 7th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.17 by $0.23. The firm's quarterly revenue was up 2.4% compared to the same quarter last year.
Read the conference call transcript.

How will Light & Wonder's stock buyback program work?

Light & Wonder's Board of Directors approved a stock buyback plan on Wednesday, August 7th 2024, which authorizes the company to repurchase $1,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 10.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Who are Light & Wonder's major shareholders?

Light & Wonder's top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.01%), Sumitomo Mitsui DS Asset Management Company Ltd and Pallas Capital Advisors LLC. Insiders that own company stock include Fine Capital Partners, LP, James Sottile, Siobhan Lane, Maria T Vullo, Jamie Odell, Hamish Mclennan, Vanja Kalabic, Oliver Chow and Antonia Korsanos.
View institutional ownership trends.

How do I buy shares of Light & Wonder?

Shares of LNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Light & Wonder own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Light & Wonder investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 5/07/2025
• Today: 7/10/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: GAMING
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:LNW
• CIK: 750004
• Web: www.scientificgames.com
• Phone: (702) 897-7150
• Fax: 702-897-2284
• Employees: 6,800
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Light & Wonder: $106.55
• High Price Target: $144.00
• Low Price Target: $81.00
• Potential Upside/Downside: +5.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.79
• Research Coverage: 14 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.75
• Trailing P/E Ratio: 26.96
• Forward P/E Ratio: 23.51
• P/E Growth: 0.44
• Net Income: $336 million
• Net Margins: 10.45%
• Pretax Margin: 13.29%
• Return on Equity: 68.41%
• Return on Assets: 9.01%

Debt

• Debt-to-Equity Ratio: 6.26
• Current Ratio: 1.57
• Quick Ratio: 1.35

Sales & Book Value

• Annual Sales: $3.19 billion
• Price / Sales: 2.68
• Cash Flow: $9.63 per share
• Price / Cash Flow: 10.50
• Book Value: $7.20 per share
• Price / Book: 14.04

Miscellaneous

• Outstanding Shares: 84,380,000
• Free Float: 82,523,000
• Market Cap: $8.53 billion
• Optionable: Optionable
• Beta: 1.23