Inspired Entertainment (NASDAQ:INSE – Get Rating ) will issue its earnings results before the market opens on Wednesday, November 9th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.
Inspired Entertainment (NASDAQ:INSE – Get Rating) last released its earnings results on Tuesday, August 9th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $71.30 million for the quarter, compared to analysts’ expectations of $64.83 million. Inspired Entertainment had a negative return on equity of 40.18% and a net margin of 11.86%. On average, analysts expect that Inspired Entertainment will post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Inspired entertainment award performance
INSE stock opened at $9.86 on Thursday. The business’s 50-day moving average is $10.11 and its two-hundred-day moving average is $10.09. The firm has a market cap of $258.33 million, a P/E ratio of 17.61 and a beta of 1.57. Inspired Entertainment has a 1 year low of $7.49 and a 1 year high of $15.81.
Analyst Rating Changes
A number of brokerages recently issued reports on INSE. Truist Financial reduced their price objective on shares of Inspired Entertainment from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. TheStreet upgraded shares of Inspired Entertainment from a “d+” rating to a “c-” rating in a research report on Thursday, August 11th.
Institutional inflows and outflows
Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Inspired Entertainment by 208.0% during the first quarter. Royal Bank of Canada now owns 3,588 shares of the company’s stock valued at $44,000 after acquiring an additional 2,423 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Inspired Entertainment in the first quarter worth about $123,000. American International Group Inc. acquired a new stake in shares of Inspired Entertainment during the second quarter worth about $89,000. BNP Paribas Arbitrage SA grew its holdings in shares of Inspired Entertainment by 575.9% during the second quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s stock valued at $93,000 after purchasing an additional 9,220 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Inspired Entertainment by 30.3% during the first quarter. Bank of America Corp DE now owns 11,265 shares of the company’s stock valued at $139,000 after purchasing an additional 2,617 shares during the last quarter. Institutional investors and hedge funds own 85.38% of the company’s shares.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, provides content, platform and other products and services to regulated lottery, betting and gaming operators worldwide. The company operates through four segments: games, virtual sports, interactive and leisure. The Gambling segment supplies gambling terminals and software to betting offices, casinos, gambling halls and high street adult gaming centres; a portfolio of games through its digital terminals under the names Centurion and Super Hot Fruits; and traditional casino games, such as roulette, blackjack and numbers games.
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