Playtika (NASDAQ:PLTK) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Playtika (NASDAQ:PLTK) announced its earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07), Briefing.com reports. The business had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. Playtika updated its FY 2024 guidance to EPS.

Playtika Trading Down 1.2 %

Shares of Playtika stock traded down $0.10 on Friday, hitting $8.26. The stock had a trading volume of 454,161 shares, compared to its average volume of 862,087. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.70 and a beta of 0.85. Playtika has a 52-week low of $6.25 and a 52-week high of $9.23. The company’s 50 day moving average price is $7.69 and its 200 day moving average price is $7.80.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s payout ratio is 70.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PLTK shares. Morgan Stanley upped their price target on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Finally, Roth Mkm upped their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.38.

About Playtika

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.