Light & Wonder (LNW) Expected to Announce Earnings on Wednesday

Light & Wonder (NASDAQ:LNW - Get Free Report) is anticipated to announce its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $1.17 per share and revenue of $802.93 million for the quarter.

Light & Wonder Stock Up 3.9 %

LNW stock traded up $3.47 during mid-day trading on Friday, hitting $91.68. 597,296 shares of the company were exchanged, compared to its average volume of 791,563. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder has a 1-year low of $75.46 and a 1-year high of $115.00. The firm's 50 day simple moving average is $92.71 and its 200 day simple moving average is $92.66. The firm has a market cap of $7.74 billion, a P/E ratio of 28.47, a P/E/G ratio of 0.35 and a beta of 1.38.

Wall Street Analysts Forecast Growth

LNW has been the topic of several research reports. Macquarie boosted their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on Light & Wonder from $103.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Mizuho increased their price objective on Light & Wonder from $76.00 to $80.00 and gave the stock an "underperform" rating in a report on Wednesday, February 26th. Benchmark lifted their target price on Light & Wonder from $114.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group upped their price target on Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Light & Wonder has a consensus rating of "Moderate Buy" and a consensus target price of $108.64.

Insider Buying and Selling at Light & Wonder

In other news, VP James Sottile sold 2,356 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.54, for a total value of $248,652.24. Following the completion of the sale, the vice president now directly owns 77,331 shares of the company's stock, valued at $8,161,513.74. This trade represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Siobhan Lane sold 3,784 shares of Light & Wonder stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.37, for a total value of $398,720.08. Following the transaction, the chief executive officer now owns 21,254 shares of the company's stock, valued at $2,239,533.98. This represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,867 shares of company stock worth $1,037,884 over the last quarter. 2.10% of the stock is currently owned by insiders.

About Light & Wonder

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.