Playtika Holding Corp. Announces Quarterly Dividend of $0.10 (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.10 per share on Friday, July 5th. This represents a $0.40 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Friday, June 21st.

Playtika has a payout ratio of 56.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Playtika to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 55.6%.

Playtika Stock Down 3.3 %

Shares of Playtika stock traded down $0.29 during trading on Friday, hitting $8.58. 1,266,999 shares of the stock traded hands, compared to its average volume of 971,168. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.15 and a beta of 0.79. The firm's fifty day moving average is $7.15 and its 200-day moving average is $7.73. Playtika has a 52 week low of $6.25 and a 52 week high of $12.90.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.07). Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The firm had revenue of $637.90 million for the quarter, compared to the consensus estimate of $630.26 million. During the same quarter last year, the company posted $0.24 earnings per share. Playtika's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts forecast that Playtika will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTK has been the topic of several recent research reports. Roth Mkm raised their price target on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday. The Goldman Sachs Group reduced their price target on Playtika from $11.00 to $8.75 and set a "neutral" rating on the stock in a research report on Tuesday, February 27th. Morgan Stanley reduced their price target on Playtika from $10.00 to $7.50 and set an "equal weight" rating on the stock in a research report on Tuesday, February 27th. Bank of America lowered Playtika from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $11.00 to $8.00 in a research report on Thursday, January 18th. Finally, Wedbush cut their price objective on Playtika from $14.75 to $11.50 and set an "outperform" rating on the stock in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Playtika currently has an average rating of "Hold" and a consensus target price of $10.30.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.