Playtika Holding Corp. (NASDAQ:PLTK) Announces Quarterly Dividend of $0.10

Playtika Holding Corp. (NASDAQ:PLTK) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, December 20th will be paid a dividend of 0.10 per share on Friday, January 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Friday, December 20th.

Playtika has a dividend payout ratio of 54.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Playtika to earn $0.69 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 58.0%.

Playtika Stock Performance

Shares of PLTK opened at $7.47 on Wednesday. The firm’s 50-day simple moving average is $8.09 and its two-hundred day simple moving average is $7.84. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $9.15. The stock has a market cap of $2.78 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company had revenue of $620.80 million for the quarter, compared to analysts’ expectations of $622.46 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts predict that Playtika will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLTK shares. Macquarie reiterated a “neutral” rating and issued a $7.00 price target on shares of Playtika in a research note on Friday, November 8th. Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Finally, Roth Mkm raised their price target on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.00.

Insider Activity

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $8.69, for a total value of $845,241.54. Following the transaction, the insider now owns 202,968,069 shares of the company’s stock, valued at approximately $1,763,792,519.61. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 677,971 shares of company stock valued at $5,667,525 over the last three months. Insiders own 4.80% of the company’s stock.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.