What is Wedbush's Estimate for Playtika FY2025 Earnings?

Playtika Holding Corp. (NASDAQ:PLTK - Free Report) - Analysts at Wedbush decreased their FY2025 EPS estimates for shares of Playtika in a report issued on Friday, May 9th. Wedbush analyst M. Pachter now anticipates that the company will post earnings of $0.52 per share for the year, down from their previous forecast of $0.61. Wedbush currently has a "Outperform" rating and a $11.50 price target on the stock. The consensus estimate for Playtika's current full-year earnings is $0.65 per share. Wedbush also issued estimates for Playtika's FY2026 earnings at $0.71 EPS and FY2027 earnings at $0.73 EPS.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $706.00 million for the quarter, compared to analysts' expectations of $699.67 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share.

PLTK has been the topic of several other reports. Bank of America raised shares of Playtika from an "underperform" rating to a "buy" rating and increased their price objective for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Baird R W lowered shares of Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 target price (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Citigroup lowered their price objective on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Finally, Morgan Stanley lowered their price objective on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.78.

Playtika Trading Down 1.1%

PLTK traded down $0.06 during midday trading on Monday, hitting $4.97. 336,380 shares of the company traded hands, compared to its average volume of 1,143,490. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.69 and a beta of 0.91. Playtika has a 52-week low of $3.97 and a 52-week high of $9.16. The business has a 50 day simple moving average of $4.96 and a two-hundred day simple moving average of $6.54.

Institutional Trading of Playtika

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Playtika by 4.8% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the company's stock valued at $1,291,000 after acquiring an additional 7,480 shares during the period. JPMorgan Chase & Co. grew its stake in Playtika by 102.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company's stock valued at $635,000 after acquiring an additional 40,604 shares during the last quarter. GAMMA Investing LLC grew its stake in Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock valued at $34,000 after acquiring an additional 2,910 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Playtika by 111.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 29,039 shares of the company's stock valued at $202,000 after acquiring an additional 15,337 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Playtika during the 4th quarter worth about $103,000. Institutional investors and hedge funds own 11.94% of the company's stock.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 8.06%. Playtika's payout ratio is currently 105.26%.

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.