Wedbush Forecasts Playtika's FY2025 Earnings (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTK - Free Report) - Analysts at Wedbush lowered their FY2025 earnings per share (EPS) estimates for shares of Playtika in a research report issued to clients and investors 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 prior forecast of $0.61. Wedbush currently has a "Outperform" rating and a $11.50 target price 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.

Several other equities analysts have also recently issued reports on the company. Citigroup lowered their price objective on Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and boosted their target price for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Macquarie decreased their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Baird R W lowered shares of Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.78.

Playtika Trading Down 4.0%

PLTK stock traded down $0.21 during midday trading on Monday, hitting $5.08. The company's stock had a trading volume of 1,610,301 shares, compared to its average volume of 1,144,038. The company has a market cap of $1.91 billion, a PE ratio of 8.76, a P/E/G ratio of 1.69 and a beta of 0.91. Playtika has a 12 month low of $3.97 and a 12 month high of $9.16. The firm's 50-day moving average is $4.96 and its 200-day moving average is $6.57.

Playtika (NASDAQ:PLTK - Get Free Report) last released 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 business had revenue of $706.00 million during the quarter, compared to the consensus estimate 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 was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 7.87%. Playtika's dividend payout ratio (DPR) is 105.26%.

Institutional Investors Weigh In On Playtika

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Playtika by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 3,610,729 shares of the company's stock worth $18,667,000 after buying an additional 137,482 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Playtika by 9.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company's stock worth $20,312,000 after buying an additional 241,658 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Playtika by 61.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock worth $20,290,000 after buying an additional 1,109,594 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Playtika by 2.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,160,806 shares of the company's stock worth $8,056,000 after buying an additional 23,211 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Playtika by 143.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company's stock worth $3,719,000 after buying an additional 423,738 shares in the last quarter. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

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.