Playtika Holding Corp. Declares Quarterly Dividend of $0.10 (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTK) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, December 20th will be given a dividend of 0.10 per share on Friday, January 3rd. This represents a $0.40 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Friday, December 20th.

Playtika has a dividend payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Playtika to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 55.6%.

Playtika Stock Performance

Shares of NASDAQ PLTK traded down $0.15 during mid-day trading on Friday, hitting $8.21. The stock had a trading volume of 38,257 shares, compared to its average volume of 860,133. The firm has a market cap of $3.05 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 1.64 and a beta of 0.85. The business has a 50 day moving average price of $7.69 and a two-hundred day moving average price of $7.80. Playtika has a 1 year low of $6.25 and a 1 year high of $9.23.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $620.80 million for the quarter, compared to the consensus estimate of $622.46 million. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. Equities research analysts predict that Playtika will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

PLTK has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Thursday, September 19th. Roth Mkm reduced their price objective on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.29.

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.