Scientific Games Corporation, doing business as Light & Wonder Inc., develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games. It also supplies game content, gaming machines; provides table game products and services to licensed gaming entities; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's SciPlay segment develops and publishes digital games on mobile and web platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. Its iGaming segment provides a suite of digital gaming content, including digital real-money gaming, distribution platforms, content, products, and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. The company also offers software design, development, licensing, maintenance, support services, and technology solutions. Majestic Corporation Limited was incorporated in 1984 and is based in Las Vegas, Nevada.
IPO Year:
Exchange: NASDAQ
Website: https://www.scientificgames.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/8/2024 | $120.00 | Buy | B. Riley Securities |
| 9/25/2024 | Neutral → Buy | UBS | |
| 8/26/2024 | $144.00 | Buy | Maxim Group |
| 5/10/2024 | $111.00 → $95.00 | Positive → Neutral | Susquehanna |
| 3/26/2024 | $83.00 | Underperform | Mizuho |
| 3/11/2024 | $105.00 → $110.00 | Buy → Neutral | Redburn Atlantic |
| 1/30/2024 | $98.00 | Overweight | JP Morgan |
| 1/16/2024 | $92.00 | Buy | The Benchmark Company |
| 8/22/2023 | $104.00 | Buy | Redburn |
| 5/11/2023 | $70.00 | Neutral → Positive | Susquehanna |
B. Riley Securities resumed coverage of Light & Wonder with a rating of Buy and set a new price target of $120.00
UBS upgraded Light & Wonder from Neutral to Buy
Maxim Group initiated coverage of Light & Wonder with a rating of Buy and set a new price target of $144.00
Susquehanna downgraded Light & Wonder from Positive to Neutral and set a new price target of $95.00 from $111.00 previously
Mizuho initiated coverage of Light & Wonder with a rating of Underperform and set a new price target of $83.00
Redburn Atlantic downgraded Light & Wonder from Buy to Neutral and set a new price target of $110.00 from $105.00 previously
JP Morgan initiated coverage of Light & Wonder with a rating of Overweight and set a new price target of $98.00
The Benchmark Company initiated coverage of Light & Wonder with a rating of Buy and set a new price target of $92.00
Redburn initiated coverage of Light & Wonder with a rating of Buy and set a new price target of $104.00
Susquehanna upgraded Light & Wonder from Neutral to Positive and set a new price target of $70.00
Marchetti Served on Board of SciPlay Corporation Since 2019 Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W" or the "Company") announced today that Michael Marchetti has been appointed as a member of its Board of Directors. He previously served as a director of SciPlay Corporation. Light & Wonder acquired the remaining public shares of SciPlay in October of last year. Jamie Odell, Executive Chair of Light & Wonder, said, "We are pleased to welcome Michael to the Light & Wonder Board as a new independent director. Michael has a wealth of mobile gaming experience and a strong financial background that will help us continue to maximize value for our shareholders." "I'm
Matt Wilson Appointed Interim Chief Executive Officer Light & Wonder, Inc. (NASDAQ:LNW) ("Light & Wonder," "L&W" or the "Company"), today announced that Matt Wilson, Light & Wonder's Executive Vice President and Group Chief Executive of Gaming, has been appointed interim Chief Executive Officer while also continuing in his current role. In connection with the appointment, Barry Cottle has stepped down as President and Chief Executive Officer and a member of the Company's Board of Directors and will support a seamless transition as a consultant. The Company's Board has commenced a search process to identify a permanent CEO and has engaged a leading national executive search firm. The searc
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4 - Light & Wonder, Inc. (0000750004) (Issuer)
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8-K - Light & Wonder, Inc. (0000750004) (Filer)
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8-K - Light & Wonder, Inc. (0000750004) (Filer)
8-K - Light & Wonder, Inc. (0000750004) (Filer)
8-K - Light & Wonder, Inc. (0000750004) (Filer)
8-K - Light & Wonder, Inc. (0000750004) (Filer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
4 - Light & Wonder, Inc. (0000750004) (Issuer)
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Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder" or the "Company"), announced today it will release its financial results for the third quarter of 2024, on Tuesday, November 12, 2024, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any ti
13th Consecutive Quarter of Consolidated Revenue Growth, an Increase of 12% Year-Over-Year Strong Gaming Machine Sales, Record Gaming Operations Unit Expansion in North American Installed Base and Margin Expansion Fueled Earnings Growth Completed Share Repurchase Program, Returned $175 Million to Shareholders during the First Half of 2024 and Announced New $1 Billion Program Added to the Russell 1000 Index on June 28, 2024 Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we" or the "Company") today reported results for the second quarter ended June 30, 2024. We maintained strong momentum in the second quarter, delivering an 8th consecutive quarter of double-di
Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder" or the "Company"), announced today it will release its financial results for the second quarter of 2024, on Wednesday, August 7, 2024, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any
Delivered Consolidated Revenue Growth of 13% Year-Over-Year on Strong Gaming Machine Sales and Record SciPlay and iGaming Revenue Double-Digit Revenue Growth Across all Businesses Driving Strong Cash Flow Generation Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we" or the "Company") today reported results for the first quarter ended March 31, 2024. We started 2024 on a strong note, delivering a 12th consecutive quarter of year-over-year consolidated revenue growth and generating strong cash flow, while continuing to execute on our robust content roadmap and cross-platform strategy. Consolidated revenue grew 13%, driven by continued double-digit revenue growth a
Light & Wonder, Inc. (NASDAQ:LNW) (ASX: LNW) ("Light & Wonder" or the "Company") announced today it will release its financial results for the first quarter of 2024, on Wednesday, May 8, 2024, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any ti
Achieved Record Full Year Results Driven by Double-Digit Growth across All Businesses Delivered 11 Consecutive Quarters of Consolidated Revenue Growth with Increase of 13% in the Quarter and 16% for the Full Year Healthy Balance Sheet and Strong Financial Profile Returned $170 Million of Capital to Shareholders through Share Repurchases during 2023 Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we" or the "Company") today reported results for the fourth quarter and fiscal year ended December 31, 2023. We closed the year with momentum and delivered our 11th consecutive quarter of consolidated revenue growth and sixth consecutive quarter of double-digit growth
Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder" or the "Company"), announced today it will release its financial results for the fourth quarter and year ended December 31, 2023, on Tuesday, February 27, 2024, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participan
Ten Consecutive Quarters of Consolidated Revenue Growth Delivering Increase of 13% Year-Over-Year Double-Digit Growth Across all Businesses Driving Strong Cash Flow Generation Maintained Healthy Balance Sheet, Strong Financial Profile and Extended 2025 Debt Maturity to 2031 Returned $112 Million of Capital to Shareholders Through Share Repurchases During the Quarter Added to the S&P/ASX 200 Index and Closed Merger with SciPlay During the Fourth Quarter of 2023 Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we," or the "Company") today reported results for the third quarter ended September 30, 2023. We maintained strong momentum in the third quarter and del
Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder" or the "Company"), announced today it will release its financial results for the third quarter of 2023 on Thursday, November 9, 2023, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any
Delivered Consolidated Revenue Growth of 20% Year-Over-Year with Double Digit Growth Across all Businesses Nine Consecutive Quarters of Consolidated Revenue Growth Healthy Balance Sheet Position, Strong Cashflow Generation and Continued Deleveraging Profile Commenced Trading on Australian Securities Exchange Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," or the "Company") today reported results for the second quarter ended June 30, 2023. We continued with strong momentum and delivered a ninth consecutive quarter of consolidated revenue growth year-over-year. Consolidated revenue in the quarter grew 20%, resulting in strong margins and cash flows as we continu
Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder" or the "Company") today released a video statement from President and Chief Executive Officer, Matt Wilson, on the recent developments on the litigation regarding Dragon Train. The video statement is available on our website at https://explore.investors.lnw.com, under the "Recent Events" section and archived under "Events and Presentations." About Light & Wonder, Inc. Light & Wonder, Inc. is the leading cross-platform global games company. Through our three unique, yet highly complementary businesses, we deliver unforgettable experiences by combining the exceptional talents of our 6,500+ member team, with a deep understanding of
Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder" or the "Company"), announced today it will release its financial results for the third quarter of 2024, on Tuesday, November 12, 2024, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any ti
Reaffirms 2025 $1.4 Billion Targeted Consolidated AEBITDA(1) Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries "Light & Wonder," "L&W" or the "Company") today received an order from the U.S. District Court for the District of Nevada granting Aristocrat a preliminary injunction relating to L&W's Dragon Train game. We respectfully disagree with the judge's decision and will promptly file an appeal. We will continue to vigorously defend against Aristocrat's claims, including presenting our defenses to a jury at a trial. Light & Wonder reaffirms its 2025 $1.4 billion Targeted Consolidated AEBITDA(1). We expect continued strong growth across all our businesses. The Com
13th Consecutive Quarter of Consolidated Revenue Growth, an Increase of 12% Year-Over-Year Strong Gaming Machine Sales, Record Gaming Operations Unit Expansion in North American Installed Base and Margin Expansion Fueled Earnings Growth Completed Share Repurchase Program, Returned $175 Million to Shareholders during the First Half of 2024 and Announced New $1 Billion Program Added to the Russell 1000 Index on June 28, 2024 Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we" or the "Company") today reported results for the second quarter ended June 30, 2024. We maintained strong momentum in the second quarter, delivering an 8th consecutive quarter of double-di
Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder" or the "Company"), announced today it will release its financial results for the second quarter of 2024, on Wednesday, August 7, 2024, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any
Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries, "Light & Wonder," "L&W" or the "Company") today announced that its Board of Directors has approved a new three-year share repurchase program for the repurchase of up to $1 billion in the Company's outstanding common stock through June 12, 2027. The prior share repurchase program authorized the Company to repurchase up to $750 million of its common shares and was set to expire on February 26, 2025. As of June 13, 2024, the Company has exhausted the full $750 million share repurchase authorization and purchased 11.2 million common shares, or 11.5% of shares outstanding at the inception of the program. The average
Delivered Consolidated Revenue Growth of 13% Year-Over-Year on Strong Gaming Machine Sales and Record SciPlay and iGaming Revenue Double-Digit Revenue Growth Across all Businesses Driving Strong Cash Flow Generation Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we" or the "Company") today reported results for the first quarter ended March 31, 2024. We started 2024 on a strong note, delivering a 12th consecutive quarter of year-over-year consolidated revenue growth and generating strong cash flow, while continuing to execute on our robust content roadmap and cross-platform strategy. Consolidated revenue grew 13%, driven by continued double-digit revenue growth a
Light & Wonder, Inc. (NASDAQ:LNW) (ASX: LNW) ("Light & Wonder" or the "Company") announced today it will release its financial results for the first quarter of 2024, on Wednesday, May 8, 2024, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any ti
Achieved Record Full Year Results Driven by Double-Digit Growth across All Businesses Delivered 11 Consecutive Quarters of Consolidated Revenue Growth with Increase of 13% in the Quarter and 16% for the Full Year Healthy Balance Sheet and Strong Financial Profile Returned $170 Million of Capital to Shareholders through Share Repurchases during 2023 Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder," "L&W," "we" or the "Company") today reported results for the fourth quarter and fiscal year ended December 31, 2023. We closed the year with momentum and delivered our 11th consecutive quarter of consolidated revenue growth and sixth consecutive quarter of double-digit growth
Light & Wonder, Inc. (NASDAQ and ASX: LNW) ("Light & Wonder" or the "Company"), announced today it will release its financial results for the fourth quarter and year ended December 31, 2023, on Tuesday, February 27, 2024, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 4:30 p.m. U.S. Eastern Time to discuss the results. Participants are encouraged to pre-register for the conference call by using the following link. To pre-register, click here: Light & Wonder Earnings Call Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participan
In the preceding three months, 4 analysts have released ratings for Light & Wonder (NASDAQ:LNW), presenting a wide array of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 2 1 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 1 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $100.0, with a high estimate of $120.00 and a low estimate of $79.00. A negative shift in
Stifel analyst Jeffrey Stantial maintains Light & Wonder (NASDAQ:LNW) with a Hold and raises the price target from $98 to $106.
Truist Securities analyst Barry Jonas maintains Light & Wonder (NASDAQ:LNW) with a Buy and raises the price target from $115 to $120.
The prior share repurchase program authorized the Company to repurchase up to $750 million of its common shares and was set to expire on February 26, 2025.
Susquehanna analyst Joseph Stauff downgrades Light & Wonder (NASDAQ:LNW) from Positive to Neutral and lowers the price target from $111 to $95.
In the last three months, 8 analysts have published ratings on Light & Wonder (NASDAQ:LNW), offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 2 0 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 0 0 2 1 0 3M Ago 1 3 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $102.88, a high estimate of $115.00, and a low estimate of $79.00. Surpassing the previous average price ta
Mizuho analyst Ben Chaiken maintains Light & Wonder (NASDAQ:LNW) with a Underperform and lowers the price target from $83 to $79.
Light & Wonder (NASDAQ:LNW) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.68 by 29.41 percent. The company reported quarterly sales of $756.000 million which beat the analyst consensus estimate of $722.701 million by 4.61 percent. This is a 12.84 percent increase over sales of $670.000 million the same period last year.
Light & Wonder's (NYSE:LNW) short percent of float has fallen 12.55% since its last report. The company recently reported that it has 4.44 million shares sold short, which is 6.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.48 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes