Playtika (NASDAQ:PLTK) Announces Quarterly Earnings Results

Playtika (NASDAQ:PLTK) released its quarterly earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07), Briefing.com reports. The firm 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 company’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. Playtika updated its FY 2024 guidance to EPS.

Playtika Stock Performance

Shares of PLTK stock traded down $0.09 during trading on Friday, hitting $8.27. The company had a trading volume of 483,738 shares, compared to its average volume of 862,223. The stock’s 50-day moving average price is $7.69 and its 200 day moving average price is $7.80. Playtika has a one year low of $6.25 and a one year high of $9.23. The firm has a market capitalization of $3.08 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.70 and a beta of 0.85.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given 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 dividend yield of 4.84%. Playtika’s payout ratio is 70.18%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PLTK shares. Roth Mkm upped their price target on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley lifted 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. Finally, Wedbush restated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company 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.