B. Riley Weighs in on Inspired Entertainment, Inc.’s FY2024 Earnings (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE) – B. Riley decreased their FY2024 earnings per share (EPS) estimates for Inspired Entertainment in a report released on Sunday, September 15th. B. Riley analyst D. Bain now anticipates that the company will earn $0.68 per share for the year, down from their previous forecast of $0.72. The consensus estimate for Inspired Entertainment’s current full-year earnings is $0.55 per share. B. Riley also issued estimates for Inspired Entertainment’s Q2 2025 earnings at $0.22 EPS.

Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Inspired Entertainment had a negative return on equity of 6.47% and a negative net margin of 0.09%. The business had revenue of $75.60 million for the quarter, compared to the consensus estimate of $74.30 million. During the same period in the previous year, the company posted $0.14 earnings per share.

Separately, Macquarie cut their price objective on shares of Inspired Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th.

Inspired Entertainment Stock Up 5.1 %

Inspired Entertainment stock opened at $9.92 on Wednesday. The company has a 50 day moving average of $8.73 and a 200-day moving average of $9.00. Inspired Entertainment has a twelve month low of $6.12 and a twelve month high of $12.61. The stock has a market capitalization of $263.58 million, a PE ratio of 165.33 and a beta of 1.40.

Hedge Funds Weigh In On Inspired Entertainment

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Inspired Entertainment by 2.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,917 shares of the company’s stock valued at $512,000 after buying an additional 1,275 shares during the last quarter. Teton Advisors Inc. grew its position in shares of Inspired Entertainment by 0.8% in the 1st quarter. Teton Advisors Inc. now owns 247,221 shares of the company’s stock valued at $2,438,000 after acquiring an additional 2,000 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Inspired Entertainment during the 1st quarter worth about $26,000. Gabelli Funds LLC raised its holdings in shares of Inspired Entertainment by 3.8% in the 4th quarter. Gabelli Funds LLC now owns 93,400 shares of the company’s stock valued at $923,000 after purchasing an additional 3,400 shares during the period. Finally, Bfsg LLC raised its holdings in shares of Inspired Entertainment by 61.9% in the 2nd quarter. Bfsg LLC now owns 9,875 shares of the company’s stock valued at $90,000 after purchasing an additional 3,775 shares during the period. Institutional investors own 77.38% of the company’s stock.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.