Playtika Holding Corp. (PLTK) To Go Ex-Dividend on September 20th

Playtika Holding Corp. (NASDAQ:PLTK) declared a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Investors of record on Friday, September 20th will be given a dividend of 0.10 per share on Friday, October 4th. This represents a $0.40 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Friday, September 20th.

Playtika has a payout ratio of 53.3% indicating that 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 Performance

NASDAQ PLTK opened at $7.83 on Wednesday. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $10.49. The firm has a market capitalization of $2.91 billion, a P/E ratio of 14.24, a PEG ratio of 0.97 and a beta of 0.85. The stock has a 50-day simple moving average of $7.44 and a two-hundred day simple moving average of $7.61.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $627.00 million during the quarter, compared to the consensus estimate of $640.27 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. Playtika’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, analysts forecast that Playtika will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PLTK shares. UBS Group started coverage on shares of Playtika in a report on Monday, June 24th. They issued a “neutral” rating and a $8.50 price objective for the company. Roth Mkm reduced their price target on Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Morgan Stanley raised their price objective on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Wedbush reissued an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research note on Thursday, August 8th. Finally, Macquarie downgraded shares of Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.29.

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.