Playtika (NASDAQ:PLTK) Announces Earnings Results

Playtika (NASDAQ:PLTK) issued its earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07), Briefing.com reports. The business 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 firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. Playtika updated its FY 2024 guidance to EPS.

Playtika Stock Performance

Shares of NASDAQ PLTK traded down $0.09 during midday trading on Friday, hitting $8.27. 483,738 shares of the stock traded hands, compared to its average volume of 862,223. Playtika has a one year low of $6.25 and a one year high of $9.23. The business has a 50 day moving average price of $7.69 and a two-hundred day moving average price of $7.80. The company has a market cap of $3.08 billion, a PE ratio of 14.44, a P/E/G ratio of 1.70 and a beta of 0.85.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 4.84%. Playtika’s payout ratio is currently 70.18%.

Analyst Upgrades and Downgrades

PLTK has been the topic of a number of research analyst reports. Morgan Stanley raised their target price 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. Wedbush reissued an “outperform” rating and set a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th. Finally, Roth Mkm increased their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. 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. According to MarketBeat.com, Playtika presently has an average rating of “Hold” and an average target price of $9.38.

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.