Slot manufacturer Multimedia Games announced that its parent Multimedia Games Holding Company (MGAM) has been given a consensus rating of “Buy” by the eight ratings firms currently covering the stock.
According to AnalystRatings.net, the eight investment analysts have set the average one-year target price at $35.67. MGAM opened at $29.43 on the day of the report. The stock currently has a 12-month low of $25.03 and a high of $40.15. The stock has a 50-day moving average of $28.75 and a 200-day moving average of $29.99. The company has a market cap of $871.5 million and a price-to-earnings ratio of 22.95.
MGAM last posted its quarterly earnings results on Wednesday, April 30, reporting earnings of 35 cents per share for the quarter, beating a consensus estimate of 31 cents by analysts. The company had revenue of $58.2 million for the quarter, compared to the consensus estimate of $53.7 million. Multimedia Games Holding Company’s revenue was up 24.9 percent compared to the same quarter last year. On average, analysts predict that Multimedia Games Holding Company will post $1.30 earnings per share for the current fiscal year.
