Shuffle Master Rating Increased to Buy at Janney Montgomery Scott (SHFL)

By admin | 6 years ago

Shuffle Master (NASDAQ: SHFL) was upgraded by investment analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.

Shares of Shuffle Master traded up 3.25% during mid-day trading on Wednesday, hitting $13.68. Shuffle Master has a one year low of $7.35 and a one year high of $18.77. The company has a market cap of $763.4 million and a P/E ratio of 20.38.

Shuffle Master last issued its quarterly earnings data on Monday, June 4th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. Shuffle Master’s revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that Shuffle Master will post $0.22 earnings per share next quarter.

Separately, analysts at Roth Capital downgraded shares of Shuffle Master from a “buy” rating to a “neutral” rating in a research note to investors on Monday, April 30th.

Shuffle Master, Inc. is engaged in developing, manufacturing and marketing technology and entertainment-based products for the gaming industry for placement on the casino floor.

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