Inspired Entertainment, Inc. FY 2023 Earnings Guidance Issued by B. Riley (NASDAQ:INSE)

Inspired Entertainment, Inc. (NASDAQ:INSE – Get Rating) – Analysts at B. Riley have raised their earnings estimates for fiscal 2023 for Inspired Entertainment in a research report released to clients and investors on Wednesday, November 9. B. Riley analyst D. Bain now expects the company to earn $1.24 per share for the year, up from his previous estimate of $1.22. The consensus estimate for Inspired Entertainment’s most recent full-year earnings is $0.82 per share.

A number of other brokers have also recently commented on INSE. TheStreet upgraded Inspired Entertainment from a “d+” rating to a “c-” rating in a research report on Thursday 11th August. Truist Financial lowered its target price on Inspired Entertainment from $18.00 to $16.00 and gave the stock a “buy” rating in a report dated Wednesday, July 20.

Inspired entertainment stock performance

Shares of Inspired Entertainment opened at $11.37 on Friday. The stock has a market cap of $297.89 million, a price-to-earnings ratio of 18.64 and a beta of 1.57. Inspired Entertainment has a 52-week low of $7.49 and a 52-week high of $15.81. The company has a 50-day moving average of $10.06 and a 200-day moving average of $10.10.

Inspired Entertainment (NASDAQ:INSE – Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.26 per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $71.30 million for the quarter, compared to analysts’ expectations of $64.83 million. Inspired Entertainment had a net margin of 11.86% and a negative return on equity of 40.18%.

Institutional trade in inspired entertainment

A number of institutional investors have recently added to or reduced their holdings in INSE. Allspring Global Investments Holdings LLC acquired a new interest in Inspired Entertainment valued at approximately $30,000 during the third quarter. Lazard Asset Management LLC acquired a new interest in Inspired Entertainment stock valued at approximately $36,000 during the second quarter. UBS Group AG bought a new $40,000 position in Inspired Entertainment stock during the third quarter. The Royal Bank of Canada increased its stake in Inspired Entertainment by 208.0% in the first quarter. The Royal Bank of Canada now owns 3,588 shares of the company, valued at $44,000, after buying another 2,423 shares last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Inspired Entertainment valued at approximately $76,000 during the third quarter. Hedge funds and other institutional investors own 85.38% of the company’s shares.

About Inspired Entertainment

(received rating)

Inspired Entertainment, Inc, a business-to-business gaming technology company, provides content, platforms and other products and services to regulated lottery, betting and gaming operators worldwide. The Company operates through four segments: Gaming, Virtual Sports, Interactive and Leisure. The Gaming segment supplies gaming terminals and software to high street betting shops, casinos, arcades and adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games such as roulette, blackjack and number games.

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Earnings History and Estimates for Inspired Entertainment (NASDAQ:INSE)

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