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In recent transactions reported to the Securities and Exchange Commission, Oliver Chow, Executive Vice President, Chief Financial Officer, and Treasurer of Light & Wonder, Inc. (NASDAQ:LNW), executed a series of stock transactions. On March 7, 2025, Chow sold 2,595 shares of common stock at an average price of $104.94 per share, totaling approximately $272,319.
Earlier, on March 5, 2025, Chow acquired 4,344 shares of common stock without any direct cost. The same day, he also disposed of 1,749 shares to satisfy tax withholding obligations upon the vesting of restricted stock units, at a price of $106.19 per share, amounting to $185,726.
These transactions reflect a mix of strategic stock sales and acquisitions by Chow, contributing to adjustments in his direct ownership of Light & Wonder stock.
In other recent news, Light & Wonder reported its fourth-quarter 2024 earnings, showcasing a robust performance with an earnings per share (EPS) of $1.42, significantly surpassing the anticipated $0.94. The company posted revenue of $797 million, slightly below the expected $805 million, but still reflecting a 4% increase year-over-year. Analysts from Benchmark, Mizuho (NYSE:MFG) Securities, and Macquarie have weighed in following these results. Benchmark raised its price target for Light & Wonder to $130, maintaining a Buy rating, while Mizuho increased its target to $80, keeping an Underperform rating. Macquarie adjusted its target to $125, continuing with an Outperform rating.
The company’s Adjusted EBITDA for the quarter came in at $315 million, exceeding both Mizuho’s estimate of $311 million and the consensus forecast of $308.8 million. Light & Wonder also confirmed its guidance for 2025 Adjusted EBITDA at $1.4 billion, supported by expected revenue growth in areas like Gaming, SciPlay (NASDAQ:SCPL), and iGaming. The company is progressing with the acquisition of Grover Gaming, anticipated to close in the second quarter of 2025, a move aimed at diversifying revenue streams. Additionally, Light & Wonder is executing a $1 billion share repurchase program, reflecting its commitment to shareholder value. The firm is also exploring international market expansions, notably in Brazil, as part of its long-term growth strategy.
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