Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) 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 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Friday, December 20th.
Playtika has a payout ratio of 54.1% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance
Playtika stock traded down $0.15 during mid-day trading on Friday, reaching $8.21. The stock had a trading volume of 38,257 shares, compared to its average volume of 860,133. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.64 and a beta of 0.85. Playtika has a one year low of $6.25 and a one year high of $9.23. The company has a 50-day moving average price of $7.69 and a two-hundred day moving average price of $7.80.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Wedbush reissued an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Thursday, September 19th. Roth Mkm cut their target price on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Morgan Stanley increased their price target on shares of Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.29.
Get Our Latest Research Report on PLTK
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.
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