Inspired Entertainment (INSE) announces the results on Wednesday

Inspired Entertainment (NASDAQ:INSE – Get Rating) will release its results before the market opens on Wednesday, November 9th. Analysts expect the company to report earnings of $0.31 per share for the quarter.

Inspired Entertainment (NASDAQ:INSE – Get Rating) last announced its earnings results 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 negative return on equity of 40.18% and a net margin of 11.86%. On average, analysts expect Inspired Entertainment to report earnings per share of $1 for the current fiscal year and next fiscal year.

Inspired entertainment Value for money

INSE stock opened at $9.86 on Thursday. The company’s 50-day moving average is $10.11 and its two-hundred-day moving average is $10.09. The company has a market cap of $258.33 million, a P/E 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.

Changes in analyst ratings

A number of brokerage houses have recently issued reports on INSE. Truist Financial lowered its price target on Inspired Entertainment shares to $16.00 from $18.00 and ranked the company as buy in a research note on Wednesday, July 20. TheStreet upgraded the 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 increased or reduced their stakes in the company. The Royal Bank of Canada increased its position in Inspired Entertainment shares 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 purchasing an additional 2,423 shares last quarter. Bank of New York Mellon Corp acquired a new stake in Inspired Entertainment stock valued at approximately $123,000 during the first quarter. American International Group Inc. acquired a new interest in Inspired Entertainment stock valued at approximately $89,000 during the second quarter. BNP Paribas Arbitrage SA increased its stake in Inspired Entertainment by 575.9% in the second quarter. BNP Paribas Arbitrage SA now owns 10,821 shares of the company’s shares, valued at $93,000, after purchasing an additional 9,220 shares last quarter. Finally, Bank of America Corp DE increased its stake in Inspired Entertainment by 30.3% in the first quarter. Bank of America Corp DE now owns 11,265 shares of the company’s stock valued at $139,000 after buying another 2,617 shares last quarter. Institutional investors and hedge funds 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.

Selected Stories

Earnings History for Inspired Entertainment (NASDAQ:INSE)

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