- Jumbo Interactive’s Oz Lotteries Platform drives client lottery programs in Australia, the UK, and Canada.
- Jumbo’s share price was hit hard by the COVID 19 Pandemic.
- The share price has risen year over year and year to date since.
Jumbo Interactive provides lottery platform technology for the lottery and fundraising sectors along with support services. The company claims to serve more than 10,000 non-profit organisations around the world.
The company has grown revenue and profit in each of the last four fiscal years.
Jumbo Interactive Financial Performance
Source: ASX
Although the company’s financial performance during COVID 19 did not show major declines, the share price did not escape.
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Source: ASX
The share price has been climbing steadily since the initial dip at the start of the pandemic and is now up 30.5% year over year and 70.3% over five years.
Jumbo’s Half Year 2024 Results were solid, with an optimistic outlook for the full year. Revenues were up 18.4% and net profit rose 17.5%.
Jumbo Interactive has a five year average dividend yield of 2.41%, paying a dividend of $0.47 per share in FY 2023.
An analyst at Ord Minnett has a SELL recommendation on Jumbo Interactive shares, pointing to the company’s solid financial results and rising share price year to date as indicators “investors may want to consider cashing in some gains.
Marketscreener.com has an analyst consensus rating of HOLD, with two of the seven analysts reporting at BUY, one at OUTPERFORM, two at HOLD, one at UNDERPERFORM, and one at SEL:L.
The Wall Street Journal has an analyst consensus rating at OVERWEIGHT, with three of the eight analysts reporting at BUY, two at OVERWEIGHT, two at HOLD, and one at UNDERWEIGHT.
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