Playtika (NASDAQ:PLTK) Announces Earnings Results

by · The Cerbat Gem

Playtika (NASDAQ:PLTK – Get Free Report) issued its earnings results on Thursday. The company reported $0.11 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 firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. Playtika updated its FY 2024 guidance to EPS.

Playtika Stock Performance

Shares of NASDAQ PLTK traded down $0.09 during midday trading on Friday, hitting $8.27. 483,738 shares of the stock traded hands, compared to its average volume of 862,223. Playtika has a one year low of $6.25 and a one year high of $9.23. The business has a 50 day moving average price of $7.69 and a two-hundred day moving average price of $7.80. The company has a market cap of $3.08 billion, a PE ratio of 14.44, a P/E/G ratio of 1.70 and a beta of 0.85.

Playtika Dividend Announcement

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

Analyst Upgrades and Downgrades

PLTK has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Wedbush reissued an “outperform” rating and set a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th. Finally, Roth Mkm increased their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Playtika presently has an average rating of “Hold” and an average target price of $9.38.

Read Our Latest Analysis on PLTK

About Playtika

(Get Free Report)

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.

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