B. Riley Equities Analysts Reduce Earnings Estimates for Light & Wonder, Inc. (NASDAQ:LNW)

Light & Wonder, Inc. (NASDAQ:LNW) – B. Riley cut their Q1 2025 earnings per share estimates for Light & Wonder in a report issued on Sunday, October 13th. B. Riley analyst D. Bain now expects that the company will post earnings of $1.04 per share for the quarter, down from their prior forecast of $1.17. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Light & Wonder’s current full-year earnings is $4.44 per share. B. Riley also issued estimates for Light & Wonder’s Q2 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.58 EPS and FY2025 earnings at $5.45 EPS.

Light & Wonder (NASDAQ:LNW) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.14). Light & Wonder had a return on equity of 40.51% and a net margin of 9.92%. The firm had revenue of $818.00 million for the quarter, compared to analyst estimates of $798.09 million. During the same period last year, the company earned $1.02 EPS. The company’s revenue was up 11.9% compared to the same quarter last year.

A number of other research firms also recently commented on LNW. Macquarie reduced their price objective on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. JPMorgan Chase & Co. raised their price target on Light & Wonder from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Craig Hallum upgraded Light & Wonder to a “strong-buy” rating in a research note on Friday, October 4th. Maxim Group began coverage on Light & Wonder in a report on Monday, August 26th. They issued a “buy” rating and a $144.00 price objective for the company. Finally, Susquehanna lowered their target price on shares of Light & Wonder from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.82.

Light & Wonder Stock Performance

Shares of LNW opened at $94.21 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.58 and a debt-to-equity ratio of 4.90. Light & Wonder has a 12 month low of $72.06 and a 12 month high of $115.00. The firm has a fifty day simple moving average of $102.71 and a 200 day simple moving average of $99.70. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 0.40 and a beta of 1.76.

Light & Wonder declared that its board has approved a share repurchase program on Wednesday, August 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Light & Wonder

Several hedge funds and other institutional investors have recently modified their holdings of LNW. Ashton Thomas Private Wealth LLC lifted its position in Light & Wonder by 1.6% during the first quarter. Ashton Thomas Private Wealth LLC now owns 8,653 shares of the company’s stock worth $883,000 after acquiring an additional 133 shares during the last quarter. GAMMA Investing LLC boosted its stake in Light & Wonder by 59.6% in the 2nd quarter. GAMMA Investing LLC now owns 407 shares of the company’s stock valued at $43,000 after purchasing an additional 152 shares during the period. QRG Capital Management Inc. increased its position in Light & Wonder by 2.2% during the 2nd quarter. QRG Capital Management Inc. now owns 10,046 shares of the company’s stock worth $1,054,000 after buying an additional 218 shares during the period. O Shaughnessy Asset Management LLC increased its position in Light & Wonder by 5.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,321 shares of the company’s stock worth $441,000 after buying an additional 242 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Light & Wonder by 0.3% during the first quarter. Retirement Systems of Alabama now owns 113,077 shares of the company’s stock worth $11,544,000 after buying an additional 298 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.