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

Playtika (NASDAQ:PLTK) posted its 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 business had revenue of $620.80 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.19 earnings per share. Playtika updated its FY 2024 guidance to EPS.

Playtika Trading Down 0.6 %

Shares of PLTK traded down $0.05 during mid-day trading on Friday, hitting $8.31. The company’s stock had a trading volume of 860,818 shares, compared to its average volume of 863,961. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.70 and a beta of 0.85. The company’s 50-day moving average is $7.71 and its 200-day moving average is $7.81. Playtika has a 52-week low of $6.25 and a 52-week high of $9.23.

Playtika Announces Dividend

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 annualized dividend and a dividend yield of 4.81%. Playtika’s payout ratio is presently 70.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PLTK shares. Macquarie reiterated a “neutral” rating and set a $7.00 price target on shares of Playtika in a report on Friday. Roth Mkm boosted their price objective on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. Wedbush reissued an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Thursday, September 19th. Finally, Morgan Stanley boosted their price objective 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. One equities research 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. Based on data from MarketBeat, Playtika has an average rating of “Hold” and an average target price of $9.21.

About Playtika

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.