Playtika (NASDAQ:PLTK) Releases Earnings Results, Misses Expectations By $0.07 EPS

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

Playtika Stock Down 1.2 %

Shares of PLTK stock traded down $0.10 during mid-day trading on Friday, hitting $8.26. 454,161 shares of the stock were exchanged, compared to its average volume of 862,087. Playtika has a 52-week low of $6.25 and a 52-week high of $9.23. The firm has a fifty day moving average of $7.69 and a 200 day moving average of $7.80. The company has a market cap of $3.07 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.70 and a beta of 0.85.

Playtika Announces Dividend

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 $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 4.84%. Playtika’s payout ratio is 70.18%.

Analysts Set New Price Targets

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

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.